Housing Data Gouging US Dollar?
With a report from the American housing market being released yesterday, traders have begun to see a sudden loss of strength in the core assets of the American economy.
Category: Daily Forex Reports
AUD/USD Analysis (August 24)
The pair continues to be well bid as it seems to have found some good support on top of the 200 moving average.
USD/CAD Analysis (August 24)
The pair continues to consolidate (more than 2 weeks range) after its bounce on top of 0,94 and a test of parity. We consider that a major bottom is in place.
USD/CHF Analysis (August 24)
The pair continues to consolidate after its sharp from its record low (0,7070) as market participants are now waiting for the next move from the SNB.
USD/JPY Analysis (August 24)
The pair continues to consolidate on top of its historical low (76,00). The downside pressure is still very present but a bottom might be in place.
GBP/USD Analysis (August 24)
We still consider the Cable slighly bullish despite the current consolidation. The market might be testing April high at 1,6750 soon if the 1,66 resistance is cleared.
EUR/USD Analysis (August 24)
Nothing really new with the EUR/USD which continues to trade flat with market participants waiting for a possible QE3 announcement from the Fed next friday.
Support, Resistance and Range Forecast by AceTrader
INTRA-DAY USD/JPY: Last Update At 24 Aug 2011 04:22 GMT Range Forecast76.50 / 76.80 Resistance/SupportR: 76.93 / 77.22 / 77.30S: 76.47 / 76.25 / 75.95
Daily FX Market Outlook by AceTrader-24-8-2011
Market Review – 23/08/2011 21:56 GMT Dollar falls on hopes of further monetary easing from Fed The greenback dropped against most of its major counterparts on Tuesday as weak U.S. data fuelled speculation that U.S. Federal Reserve...
Forex-Metal Daily Analysis – 23/08/2011
The yen and franc retreated on fears of intervention of Japan and Switzerland