Daily Fundamentals - 11.04.11

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*    Dollar: What Should We Expect from NFPs, G20 and Europe for Volatility? *    Euro Finds Enough Relief in Greek Referendum Reversal to Offset Surprise ECB Cut *    Canadian Dollar May be the Biggest Mover with Its Own Job Data on Tap *    Australian Dollar Shows Limited Reaction to RBA Growth, Inflation Downgrade *    Swiss Franc Drifting Back to 1.20 Against Euro as SNB Member Warns More May be Ahead *    Japanese Yen may See a Natural Jump in Volatility Following Extremely Quiet Day *    Gold Advances Despite Supposed Stability for Greece Situation Written by: John Kicklighter, Senior Currency Strategist Dollar: What Should We Expect from NFPs, G20 and Europe for Volatility? Despite the threatening European headlines that met anxious traders heading into the beginning of Thursday's session; the wholesale move away from high return / high risk assets never truly materialized. For the dollar, that meant that the necessary threshold for liquidity demand was never breeched. Consequently, the Dow Jones FXCM Dollar Index (ticker = USDollar) would slip for a second consecutive session, reversing initial gains against all of its most liquid counterparts. Testing the will for a strong showing from the greenback through the final 24 hours of this trading week, it is worth noting that equities posted a remarkable rally through London / New York session. That naturally contributes an implicit level of bullishness behind risk trends that in turn works against the dollar...   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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