GBP/USD Forecast Nov. 22nd, 2011, Technical Analysis
GBP/USD fell precipitously on Monday, just as expected. The Bank of England should be talking about more quantitative easing later this week, and as a result the cable pair has fallen.
Category: Daily Forex Reports
USD/CAD Forecast Nov. 22nd, 2011, Technical Analysis
USD/CAD finally smashed through the 1.03 barrier as the risk trade got hammered on Monday. The barrier should turn into support at this point, and the pair should press ahead to retest the recent highs in the...
USD/CHF Forecast Nov. 22nd, 2011, Technical Analysis
The USD/CHF pair had a very quiet day on Monday as the resistance in the 0.93 area shows just how hard the next leg up could be in this pair. However, as the USD is the last...
USD/JPY Forecast Nov. 22nd, 2011, Technical Analysis
The USD/JPY pair rose during the session on Monday, showing signs of support just below the 77 level. The candle from Friday was a hammer, and shows just how well supported this area could be for the...
Forex-Metal Daily Analysis – 22/11/2011
Japanese Yen, Swiss Franc and U.S. Dollar grew due to increased demand for safe-haven currencies.
Forex Metal Weekly Newsletter
Market review for 14 – 18.11, 2011 During the past week, the negative economic statistics and general uncertainty in the EU provided a lot of pressure on European currencies (EUR and GBP). At the beginning of the...
No Surprises in US Super Committee Failure
The congressional super committee that was assigned to solve the roadblock the government faced over the summer did not help to improve market sentiment. However, according to US bond yields and the recent performance of the USD...
ECB Sticks to its Guns
Comments by ECB President Mario Draghi highlight the ECB’s position in the European debt crisis. His remarks suggest the European Central Bank will not come to the rescue of financially pressured nations. However,
21st November, 2011 – Daily Forex Report by GFM Research
The Dollar Index traded flat on Friday on the event of sideways trading witnessed in the benchmark equity index of the Dow Jones Industrials. Major trend is range bound between 73.40 and 81.20 where as the medium...
GBP/USD Forecast Nov. 21st, 2011, Technical Analysis
GBP/USD fell during the session on Friday after an initial bounce to form a shooting star. The pair looks weak, and rightfully so as the Bank of England continues to hint of further quantitative easing to come.