Forex-Metal Daily Analysis -27/07/2011
Speculations over the possible US default pressured the greenback.
Category: Daily Forex Reports
Forexpros.com Daily Analysis – 27/07/2011
ForexPros Daily Analysis July 27, 2011 Is EUR/GBP Ready to Resume Downtrend? The Euro stabilized to some degree in days following the agreement to aid Greece for the second time. It seems that fears about possible dissolution...
Dollar Pressured As Debt Ceiling Deadline Draws Near
The dollar has been pressured as the gridlock in Washington increases with the August 2nd deadline for Congress and the President to raise the debt ceiling.
27th July, 2011 – Daily Forex Report by GFM Research
The Greenback depreciated for the second week amidst possible credit default by the US; there is a possibility that the credit rating of the world’s largest economy may be degraded from current AAA+ rating. It seems the...
AUD/USD Analysis (July 27)
The upside move has been gathering pace over the past 2 days. Thanks to a better than expected CPI, we have seen the pair breaking through its record high at 1,10 during the asian session.
USD/CAD Analysis (July 27)
The pair remains under pressure as it evolves in a clear bearish trend. However, the market seems to consolidate on top of 0,94. A break below this level though would accelerate decline.
USD/CHF Analysis (July 27)
The pair has been consolidating yesterday as the market is testing the psychological 0,80 level.
USD/JPY Analysis (July 27)
The pair remains under pressure while trying to establish below 78,00. Next target is given by March low at 76,30.
GBP/USD Analysis (July 27)
The GPB/USD has confirmed its bullish momentum yesterday with an acceleration above 1,6350 (last week high). We now expect a continuation towards 1,66 (weekly bollinger band).
EUR/USD Analysis (July 27)
The pair continues to push higher while breaking above its significant daily descending trendline. A confirmation of the breakout would expose 1,46 and then 1,47 (weekly bollinger band).