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(Reuters) - The dollar hit a 11-month high against the yen and hovered near a seven-week high versus a basket of currencies on Tuesday, supported by expectations that a U.S. economic revival will keep the Federal Reserve from resorting to fresh stimulus. The dollar recouped losses against the yen made after the Bank of Japan stopped short of taking aggressive easing steps on Tuesday. That wrongfooted investors who had bet on a repeat of the central bank's surprise easing last month. The dollar index .DXY stood at 79.981, not far from a high of 80.132 struck on Monday, its highest in seven weeks. Analysts say with the Fed unlikely to be in a hurry to announce fresh measures, given Operation Twist is in play, the focus would be on retail sales for February. The data is expected to reflect ...

FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400) USD Risk assets consolidated yesterday’s gains overnight. The dollar failed to regain lost ground and Asian equities followed the S&P 500 higher. Respectable global manufacturing prints certainly helped, but the gradual easing of sovereign stresses inSpainandItalyprobably played the greater role. We keep our cautious stance however, noting that European austerity measures are mostly only in their early stages of implementation, so there is scope for further deterioration in economic data as the process of fiscal consolidation begins to bite in earnest. At present, growth forecasts remain relatively conservative, and there is still some upside risk to our expectations of a recession inEuropein particular. However, pricing in early normalisation ...

Fundamental News: Today’s highlights: German Ifo Business Climate Index (GER, 09:00 GMT) GDP (QoQ) + MPC Meeting Minutes (GB, 09:30 GMT) ECB President Draghi Speaks (EUR, 09:15 GMT) FOMC Statement (US, 19:15 GMT) RBNZ Rate Statement (NZ, 19:00 GMT) In an update to its World Economic Outlook (WEO), the IMF said on Tuesday that the euro area would fall into a mild recession in 2012 after the euro area crisis entered a "perilous new phase" toward the end of last year, affecting other parts of the world including the United States, emerging markets, and developing countries. Overall, activity in the advanced economies is now projected to expand by just 1.2 percent in 2012, a downward revision of 3/4 percentage points relative to the forecast last September, picking up ...

EUR/USD The EUR/USD started the week with heavy volatility as eyes remain on the European continent and the progress being made to contain the debt crisis. The market is still holding up and awaiting the final details from the leaders on Wednesday at the latest. The market is still optimistic after they saw progress being made and the leaders at least managed to narrow their differences on how to contain the crisis and present a final plan. The EU already approved their part of the 8 billion euro tranche for Greece and also ruled out ECB involvement in the new expansion of the EFSF, yet the market remains highly volatile and uncertain and the volatility will prevail until the final details are provided. The EU accepted the recommendations from the finance ministers over banks that ...

ForexPros Daily Analysis June 07, 2011 Free webinar on ForexPros - Techniques for finding consistent winners in the Emini’s Expert: Steve Primo Start: Thu, Jun 9, 2011, 09:00 EST End: Thu, Jun 9, 2011, 10:00 EST Steven Primo is a former Stock Exchange Specialist, a 34 year veteran of the markets, and founder of Specialist Trading.com. In this webinar Steven will share with you his favorite concepts, techniques, and strategies for trading the Emini futures. Mr. Primo's tools are extremely simple yet versatile, and can also be applied to trading any market, in any direction and in any time frame. Click here to join free --- Did the USD/CAD shake you out? The Canadian has made a long bearish hammer after it broke through 0.9815 on Friday. Many amateurs closed their position during ...

Europe's debt crisis weighed on financial stocks on Monday, dragging Britain's top share index lower, while analysts said short-term macro pressures present an attractive longer-term buying opportunities on the FTSE. Greek, Spanish and Portuguese bond yields widened on concerns that Greece will eventually need to restructure its debt, while Moody's cut its debt ratings on Irish banks. Adding to worries, Finland's True Finns anti-euro party, which was voted into a powerful role in the Helsinki parliament at the weekend, said it expected the European Union to change plans for a bailout of Portugal. Barclays fell 2.4 percent ahead of Citigroup's results while insurer Resolution fell 3.9 percent as UBS cut its rating for the closed-book life insurer to "neutral" from "buy," on outlook ...

(Reuters) - The U.S. Commodity Futures Trading Commission on Thursday unveiled its seventh set in a series of rules as it works to take oversight of the $600 trillion over-the-counter derivatives market. The CFTC used the meeting to propose key rules for swap execution facilities, and end-user exceptions from mandatory clearing requirements. Here are details of what was proposed: REQUIREMENTS FOR SWAP EXECUTION FACILITIES Goal: to promote pre-trade price transparency for the trading of swaps on electronic trading systems or platforms. Comment period: 60 days Swap execution facilities, or SEFs, must offer: * platforms that provide for a centralized limit order book available to all participants and/or; * platforms based on transparent request for quote systems that provide requests ...

The debt concerns to arise from the euro zone over the past few trading days has put some downward pressure on the 16-nation single currency and reduced demand for other high-yielding investments. After Ireland opened its books to the European Union, worries began to grow that some governments throughout the region may struggle to pay off debts; this in turn has dampened demand for the region's assets. Economic News USD - US Dollar Gaining Ground as EUR Dips from Debt Woes The US dollar appears to still be gaining ground this week on last Friday's optimistic Non-Farm Payroll data. With a surge in employment rearing its head at such a crucial point for the USD; it appears now like the greenback is beginning to regain some much needed support. Against the EUR, the buck has been ...