Has European Weekend Brought Hope of a Better Week?
At long last the EURUSD took out the support at the 1.30 area, and worked down to a low of 1.2905. Last Friday, the pair was trading at 1.2933 with hours until forex markets close for the...
Category: Daily Forex Reports
14 May 2012 – Daily Forex Perspective by GFM Research Private Limited
The US Dollar traded flat on the event of most of the asset classes, especially the benchmark equity index of the Dow Jones Industrials trading flat. The Dollar Index is trading range bound between 80.65 and 78.60,...
11 May 2012, Daily forex report – GFM Research Private Limited
On the event of weaker asset classes, the US Dollar has as strengthened against most of the FX pairs. The Dollar Index is trading range bound between 80.65 and 78.60, either side breakout would establish trend.
USD/JPY Forecast May 11, 2012, Technical Analysis
The USD/JPY pair rose during the Thursday session as the 200 day exponential moving average acted in a supportive manner. The pair has been one that has been capturing much of the attention lately as it is...
USD/CAD Forecast May 11, 2012, Technical Analysis
The USD/CAD has been range bound for some time, and the Thursday session looks as if the market is trying to refuse the concept of going back into the box. The parity level has been very resistive...
GBP/USD Forecast May 11, 2012, Technical Analysis
The GBP/USD pair had a back and forth session on Thursday to trigger a buy signal on a break of the hammer top from the previous session. However, the pair also drew back a bit to form...
EUR/USD Forecast May 11, 2012, Technical Analysis
The EUR/USD pair continued to show weakness on Thursday as the attempts at a rally only seem to have substantiated the 1.30 level as resistance at this point. The level was a spot of massive support a...
Are the Currency and Equity Bears on Holiday?
After a steady stream of bearish news early in the week, it seems the pressure on the markets is relieved. At the US opening, equities have moved smartly ahead.
AUD/USD Forecast May 11, 2012, Technical Analysis
The AUD/USD pair has been struggling as of late, and the Thursday session looks as if it wasn’t any different. The 1.02 level was our line in the sand for buying, and this has given way in...
US Data Set to Impact Markets Today
The euro spent most of the day slightly above recent three-month lows hit against the US dollar and Japanese yen. Greece’s inability to form a new government has raised the prospects that a new election will be...