Daily Market Review for the 27.04.2011
AUD/JPY Time: 00.30 Rate: 87.95 Strategy: Long/short Daily time frame
Category: Daily Forex Reports
USD/CHF Technical Analysis April 27, 2011
The USD/CHF market fell today, breaking to all-time lows as it broke below the 0.88 mark, an area that was once almost impenetrable – at least last week. The pair looks weak, and selling is the only...
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...
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%...