Forex Metal Weekly Newsletter
Market review for 26 – 30. 09, 2011 Europe and its debt problems were keeping everyone under pressure last trading week. The
Category: Daily Forex Reports
3rd October, 2011 – Daily Forex Report by GFM Research
Weaker asset classes has lead to run on USD which resulted in the Dollar Index appreciating to 79.00+ ranges. Historic resistance zone is seen in the ranges of 79.20 to 80.20 to 81.30 ranges.Key equity index of...
Markets Await the Release of Non Farm Data
U.S Non-Farm Data release is set to dominate the trading between the Dollar and its major currency pairs this week. A number of other factors are also likely to impact the forex market today, such as the...
AUD/USD Analysis (October 02)
The Aussie continues to loose ground in a context of risk aversion with a confirmed break below parity.
USD/CAD Analysis (October 02)
The pair has confirmed a strong bullish resumption with an acceleration towards 1,05 on friday.
USD/CHF Analysis (October 02)
The pair managed to establish above critical 0,90 level which confirms a bullish outlook.
USD/JPY Analysis (October 02)
The pair continues to consolidate on top of the key 76,00 level but we are starting to see the bounce building up.
GBP/USD Analysis (October 02)
The Cable has been consolidating all week, pulling back towards the 1,57 level.
EUR/USD Analysis (October 02)
The Euro continues to be under intense pressure with a new downside move on friday after a few days of consolidation.
Monthly Trade, October 2011, USD/JPY
The USD/JPY might be designing a bottom at current levels. In addition, seasonal patterns could support the currency during this period of the year. A move above 78.30 could target 78.70/79.40. Written by www.ProfitsOn.com The data contained...