A Game Of Who Do You Believe
The EUR lost ground abruptly on Thursday as rumors continued to spark around the story that Greece would have to restructure its debt. Greece was quick to deny the rumors. The IMF also came out and said...
Category: Daily Forex Reports
15th April, 2011 – Daily Forex report by GFM Research
The U.S Dollar depreciated against the Common Currency and the Cable after disappointing economic data. The Euro is expected to take resistance at the historical resistance zone of 1.4500-1.4550 ranges; Swiss Franc is expected to further appreciate...
G20/IMF to Address China; May Push Down on USD
As the debate on international imbalances intensifies, China’s monetary policies are coming under direct pressure and could have significant impact on the US bond market, which may be partially behind the USD’s decline since yesterday evening.
AUD/USD candlestick analysis for April 14, 2011
The AUD/USD currency pair is rolling back after it could not break the resistance level at 1.0600. As mentioned before, if the support level 1.0400 is broken, long positions should be closed as it will cause a...
Forex-Metal Daily Analysis -14/04/2011
Greece announced of the necessity to write off part of its debt
Daily Market Review for 14/04/2011 by SolidityBrokers.com
U.S. stocks ended a choppy session modestly higher Wednesday, finding support from strength in oil prices and technology shares as a decline in the financial sector kept gains in check. The Dow Jones Industrial Average closed up...
Daily Market Review for the 14.04.2011
EUR-USD Time:19.30 Rate:1.4477 Strategy: short Daily time frame The price was not able to break out another day the level of 1.4520, and the upper side of the parallel upward channel. Most likely the price will decrease...
Consolidation But For How Long?
Consolidated trading was loud and clear on Wednesday as the currencies, equities, and many of the commodities stood in place compared to their rather swift moves from the past week. The USD continued to find itself on...
14th April, 2011 – Daily Forex report by GFM Research
U.S Dollar traded flat yesterday against the Common Currency, the Cable and the Aussie Dollar. The Swiss Franc continued strengthening against the Greenback, hitting all time high of 0.8900 made on March 16, 2011.The Dollar Index (DX)...
Rising Risk Appetite Causes Volatile Shifts in Forex Market
The euro zone’s fundamental data have lately been showing growing weakness in the region as global industrial production begins to slow on Japan’s nuclear crisis and soaring oil prices. Monetary policy adjustments have many currencies trading more...