FX News & Views

• Dollar at Risk of Fresh Plunge as Dow Moves to Test Multi-Year Highs
  Though the dollar ended Friday in the red, its performance was too bad. A sharp correction of intraday gains for the Dow Jones FXCM Dollar Index would leave the benchmark in the red, but it nevertheless ended well off the week’s lows. […]
• Commodity Currencies Surge as U.S. Economy Adds 243K Jobs in January
  The U.S. Dollar took a hit following the January jobs report data, which showed the U.S. unemployment rate dropped to 8.3 percent. However, the Greenback’s weakness is a short-term phenomenon, as the print dampens the need for more easing by the Federal Reserve. […]
• U.S. Dollar Reversal Underway, Euro Eyes 23.6% Fib
  The better-than-expected Non-Farm Payrolls report propped up the U.S. dollar on Friday, and the reserve currency may continue to recoup the losses from the previous month as the development dampens the prospects for additional monetary support. […]
• Crude Oil, Metals Likely to Rise if US Jobs Data Stokes QE3 Bets
  Crude oil, copper and precious metals prices are likely to rise if a slowdown in US job creation stokes expectations of the near-term arrival of new Fed stimulus. […]
• FOREX: Major Currencies at Standstill as Markets Await US Jobs Report
  The US Dollar consolidated against the major currencies overnight as traders looked ahead to January’s US employment report for direction cues. […]
• Greek PSI Developments and US NFPs Likely Sources of Next Volatility
  Overall, price action this week has been uneventful for the Euro, with the market confined to a round of consolidation. But this could soon come to an end with today’s event risk… […]
• Dollar: Should We Expect Volatility, Trend Development from NFPs?
  The dollar found an uneasy break in its painful three-week decline but unless a significant switch on risk appetite trends is flipped, this is likely a pause before the unflappable stimulus-riders return. […]
• Rally on Hold as the Euro Fails at 1.3200; Is the Dollar Beatdown Finished?
  Higher yielding currencies edged slightly higher ahead of trading in New York, though the Euro was among the worst performers of the day. With the EUR/USD getting rejected at 1.3200 again, is a major top being carved out ahead of a U.S. Dollar rally? […]