Forex Weekly Trading Forecast 11.07.11 - 11.11.11

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US Dollar Sensitive to Euro Troubles but Risk Increasingly Intrinsic Euro Survives Greek Confidence Vote - What's Next? Japanese Yen to Continue Rebound Against Majors, Save U.S. Dollar Pound Resilience to Persist on EU Debt Concerns- Traders Eye BoE Canadian Dollar Follows Broad Market Sentiment, On Verge of Collapse Australian Dollar Outlook Weighed By RBA, Additional Rate Cuts On Tap Gold To Advance Further As Fed Dampens Demands For USD US Dollar Sensitive to Euro Troubles but Risk Increasingly Intrinsic It wasn't just the dollar that opened this past week backed by a strong fundamental wind. Global investors sentiment was severely shaken by the suggestion that Greece's Prime Minister was pushing through a vote on the EU's austerity plan, which could have essentially been read as a vote on the countries membership in the EU. A direct escalation of the market's hot spot for crisis; the fear engendered from this particular event was more than enough to drive capital away from all things 'risky' and into the relatively safe confines of the US dollar and its Treasuries...    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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