EUR/GBP: meeting resistance
The EUR/GBP exchange rate has been rising since it made new lows in July. It has now found resistance from the top of the rising channel and a monthly pivot, and has formed a shooting-star candlestick on...
Category: Daily Forex Reports
Forex-Metal Daily Analysis -.02/08/2012
Market review for 01.08.12: The Fed of U.S. did not announced any new steps for supporting the National economy.
FX news and analysis
USD The dollar recovered strongly following the FOMC meeting on Wednesday at which the Fed kept monetary policy unchanged. The message on QE3 seemed to be that it would only be used in a recession. The Fed...
EUR/USD: technical analysis – August 2, 2012
The EUR/USD fell to support at 1.2215 but failed to breach it. It has rebounded from there and begun to move up in a rising channel. It has broken out of the upside of this channel and...
GBP/USD: technical analysis – August 1, 2012
The GBP/USD pair is moving lower after some poor data today. It has, however, reached a thick cluster of support at the current 1.5610 lows which includes the 50-day MA, the monthly pivot and the 50 and...
EUR/USD: technical analysis – August 1, 2012
The EUR/USD pair has continues moving broadly sideways although now it has hit resistance from the monthly pivot and will probably fall from here to support at 1.2215. A stronger move below 1.2215 – which is the...
Currency Markets Patiently Awaiting President Draghi’s Plans
Was ECB President Draghi’s promise to defend the integrity and future of the euro premature? All we have so far is a bunch of guesses of what the future defense of the euro might be.
Forex-Metal Daily Analysis -01/08/2012
Market review for 31.07.12: The unemployment rate of Japan unexpectedly fell in June.
EUR/USD: Euro Riding on Central Bank Hopes
In spite of fading expectations of stimulus action this week by the US Federal Reserve and the European Central Bank, the demand for the Euro opposite the US dollar continues to thrive.
Spain: Stuck in Recession
Economic fundamentals for Spain started off on a bad note this week, intensifying worries that the end for the country’s domestic problems is still out of sight.