Daily Fundamentals - 11.02.11

Having trouble viewing this email? Click here

*    Dollar Posts its Biggest Back to Back Rally on Record Before Fed *    Euro Risk Hits Severe Levels as Greece Pushes Forward Referendum *    British Pound Stumbles against Dollar Despite Stronger 3Q GDP *    Australian Dollar Extends Decline on Risk, Not Necessarily RBA *    Japanese Yen: Market on Follow Up Intervention Watch *    Swiss Franc Pressured Again, Market Testing the SNB's Conviction *    Gold Recovers Early Losses, Safety Versus Liquidity In Play Written by: John Kicklighter, Senior Currency Strategist Dollar Posts its Biggest Back to Back Rally on Record Before Fed If you're looking for volatility: you can certainly find it in the fundamentals behind the financial markets. Through the end of last week, it seemed market participants were reassured by the European Union's landmark effort to amplify its rescue effort and the boost in US growth through the September quarter. That optimism was turned on its head, however, when this week began as doubt that the Greek bailout would be carried through full term and financial fears were stoked by the collapse of a large US broker (MF Global). With a prevailing risk aversion trend and sentiment itself highly prone to changing direction; what do traders and investors want? They crave stability and liquidity; and that leads them to the greenback. In other words, it isn't a coincidence that the Dow Jones FXCM Dollar Index (ticker = USDollar) is showing its biggest two-day rally on records (going back to 1999) while the S&P 500 is down nearly 2.5 percent on consecutive sessions...   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.

Forward email This email was sent to autoforextradingpro@gmail.com by jkicklighter@dailyfx.com |   Instant removal with SafeUnsubscribe™ | Privacy Policy. Forex Capital Markets | Financial Square 32 Old Slip | New York | NY | 10005