Forex-Metal Daily Analysis -31/07/2012
Market review for 30.07.12: The markets in anticipation of the ECB and Fed of U.S. meetings.
Category: Daily Forex Reports
EUR/GBP: ECB Feared to Fall Short on its Pledge
The Euro incurred losses against the British pound in yesterday’s European trading session as markets wait for actions to be taken by the European Central Bank (ECB) after President Mario Draghi last week pledged to preserve the...
Germany Waiting on the ECB
According to provisional results of the Federal Statistical Office (Destatis), the June turnover of German retail sales, when adjusted for calendar and seasonal variations, was in nominal terms 0.3 percent larger than that of last May. However,...
Speculators Reduce USD Long by Over 45,000 Contracts
Commitment of Traders (COT) Report 24 July 2012. The latest COT report shows that speculators reduced their net USD long by 45,518 contracts.
Euro Reverses Some of Its Gains
The euro gave up some of its recent gains against its main currency rivals yesterday, as investors remained concerned about what actions the ECB can take to lower borrowing costs in Spain and Italy. Today, traders will...
Loonie on a Fourth Week of Gains
The Canadian dollar is benefiting from speculations of policy action by foreign central banks.Now on its third consecutive week, the Loonie currency is in its longest streak of gains against its US counterpart.
AUD/USD: reaching resistance
The aussie has continued channelling higher in what might be a bullish ending pattern. It is currently at a strong group of resistance lines and there is a possibility that it might roll-over from here and fall...
Forex-Metal Weekly Analysis
Market review for 23 – 27.07.2012
EUR/USD: technical analysis – July 30, 2012
The EUR/USD has climbed to the top of the channel on the 4-hour chart and formed a head and shoulders pattern. My preference is for a break below the neckline at the 1.2240 level leading to to...
Heavy Volatility Expected In the Coming Days
The euro maintained its upward trend against the US dollar on Friday, as a string of positive comments from euro-zone officials last week helped boost risk appetite in the marketplace. Precious metals and commodities were also able...