EUR/USD Technical Analysis April 27, 2011
The EUR/USD Rose today, firmly suggesting that the 1.45 area is going to be supportive. Because of this, buying is still the only way to go in this pair as we are making new highs again. Selling...
Category: Daily Forex Reports
USD/JPY Technical Analysis April 27, 2011
The USD/JPY is currently testing the 80-81.50 area, which has been support several times over the last year or so. This pair was directly intervened by 6 central banks recently, so selling is very risky. If we...
Ben Bernanke In The Spotlight
The market returned to its ‘new normal’ on Tuesday as volatility swept into the benchmark currencies again as full volume returned. The AUD finds itself at new highs as the price of Gold continues to trade near...
Today’s Fed Statement a “Make-or-Break” Moment for USD?
The euro witnessed a sharp surge in yesterday’s trading as investors became uncertain about the monetary policy statements expected by the Fed later today. The statements to be released have caused a stir among market analysts as...
27th April, 2011 – Daily Forex Report by GFM Research
The U.S Dollar continues to weaken on the event of record rise in the Dow Jones Industrials (DJIA). Breach of 74.00 ranges in Dollar Index (DXM11) resulted in further weakening of the Greenback; only consistent daily close...
EUR/USD Daily Fundamental Analysis for April 27, 2011
With the return on investors from a long Easter Holiday in Europe the EUR/USD started to price the outlook for the FOMC meeting the rate differentials between the European Central Bank and the Federal Reserve.
GBP/USD Daily Fundamental Analysis for April 27, 2011
Today, the pair is expected to witness some strong movements at the time of the announcement of the British GDP data first and may be after the FOMC meeting if it signaled any surprising change in monetary...
USD/CHF Daily Fundamental Analysis for April 27, 2011
The Swiss economy lacks fundamentals today, which means that the pair’s movement will be affected by US data. As of 12:30 GMT, the US will release durable goods orders for March with expectations showing improvement to 1.5%...
USD/CAD Daily Fundamental Analysis for April 27, 2011
The USD/CAD pair declined on Tuesday, where strong earnings U.S. companies in addition to rising consumer confidence boosted confidence in financial markets, and accordingly, investors targeted higher yielding assets including the Canadian dollar, while oil prices also...
Daily FX Market Outlook by AceTrader 27-4-2011
Market Review – 26/04/2011 18:50 GMT Euro rises to fresh16-month high on speculation that Fed will maintain its loose monetary policy Euro hit a fresh 16-month high on Tuesday on speculation that the U.S. Federal Reserve would keep...