Markets In Rocket Mode
The broad markets appear to be in rocket mode. The EUR and GBP have gained against the USD along with most of the other benchmark currencies. Investors, going into this long holiday weekend, appear to be downplaying...
Category: Daily Forex Reports
Bullish Market Lifts Riskier Assets, Weighs on USD
Wednesday’s relatively thin market conditions have apparently granted support to the euro and other commodity-linked currencies. Tensions appear to be easing in regards to recent flare-ups in debt woes in the US and Europe, which have helped...
EUR/USD Analysis
Greetings and welcome back. Let’s pull up the EUR/USD chart. We’re currently flirting with a major trend line and this may help signal the continuation of the bullish trend.
Forex-Metal Daily Analysis -19/04/2011
The rally of the euro and the pound.
AUD/USD Technical Analysis for April 20, 2011
The AUD/USD continues to show strength today as it hangs around the 1.0550 area. It seems that every time the pair falls, it simply refuses to do so in any significant manner. Because of this, it is...
EUR/USD Technical Analysis for April 20, 2011
The EUR/USD reversed course today, showing how much underlying strength there is in the marketplace. Because of this, it still appears that buying is the way to go. However, it should be noted that the 1.45 mark...
USD/CHF Technical Analysis for April 20, 2011
The USD/CHF rose today, showing that the buyers are starting to gain momentum at these extremely low levels. However, this is simply going to be a bounce more than likely since the trend is so decidedly bearish....
USD/CAD Technical Analysis for April 20, 2011
The USD/CAD fell today, continuing its massive bearish trend of the last few years. We are currently testing the all-time lows, and if history is any indicator, we will break through. With the price of oil rising...
Debt Tug-o-War Creates Market Uncertainty
Today’s existing home sales figures out of the United States will likely provide less help for the USD from yesterday’s downtick versus the euro, but risk aversion appears to be moving back in favor with the greenback...
20th April, 2011 – Daily Forex report by GFM Research
U.S Dollar resumes bear trend on the event of key equity index (.DJIA) stabilizing at 12100 ranges. The Common Currency appreciated by more than 120 pips; the Cable appreciated by more than 60 pips; and the Aussie...