Forex Weekly Trading Forecast 10.31.11 - 11.04.11

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US Dollar Poised to Fall Further Ahead of Critical NFPs, ECB Decision Euro: After a Three Week Rally, Relief Gains are Reaching Their Limit Japanese Yen To Appreciate Further As Intervention Threats Falter Slowing British Economy to Weigh Further on Sterling Canadian Dollar Torn Between Soft Local Data, Buoyant Risk Appetite RBA Rate Decision Could Buck Aussie's Rapid Advance New Zealand Dollar To Benefit From Faster Growth, Inflation Gold Posts Largest Weekly Advance Since 2009- Rally to Hinge on FOMC US Dollar Poised to Fall Further Ahead of Critical NFPs, ECB Decision The Dow Jones FXCM Dollar Index (ticker: USDOLLAR) saw its largest single-week loss since early 2009, sold off sharply as the S&P 500 finished its biggest monthly advance in nearly 25 years. Traders aggressively shed US Dollar-long positions against the Euro and other major counterparts following the announcement of aggressive new aid for Greece and other troubled Euro Zone governments. Overall trends favor further USD declines, but it will be critical to watch major event risk in the week ahead and its effects on broader financial market sentiment...   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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