Forex Weekly Trading Forecast 10.17.11 - 10.21.11

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US Dollar Likely to Fall Further as Markets Dangerously Complacent  Euro Crisis Deepening but Currency May Enjoy Further Bounce Japanese Yen Weakness To Accelerate, Breakout On The Horizon Sterling Outlook to Hinge on BoE Minutes- Key Inflation Data on Tap  Gold Eyes G-20 Meetings in Paris for Direction Canadian Dollar Tied to S&P 500, G-20 and US Growth Outlook in Focus Aussie Fundamentals Shift after Employment Data, Look to RBA New Zealand Dollar Rally To Falter Should Global Growth Deteriorate US Dollar Likely to Fall Further as Markets Dangerously Complacent The US Dollar posted big declines on the biggest S&P 500 rally in over two years, sparked by a large shift towards risky assets and away from safe-haven currencies. The Dow Jones FXCM Dollar Index likewise posted its worst single-week decline since it set a major top in early 2009. Short-term momentum clearly favors further US Dollar weakness, but its record correlation to the Dow Jones Industrial Average emphasizes that direction could change on a moment's notice.   Download the Full Article Best regards, DailyFX Research Team research@dailyfx.com DailyFX Home | research@dailyfx.com | Contact US ©2009 DailyFX. All Rights Reserved. Forex Capital Markets, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. Forex Capital Markets, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Forex Capital Markets, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.

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