USD/CHF Forecast for March 29, 2011
The USD/CHF has found the 0.92 area as resistive, and has pulled back from that mark. Because of this, the pair looks to be set for another bearish move. Until we can break above the 0.9300 level,...
Category: Daily Forex Reports
GBP/USD Forecast for March 29, 2011
The cable has formed a perfect hammer at the 1.60 support level today. Because of this, support looks to be winning at the moment. This pair has traded fairly choppy in the recent months, and this week...
The Dollar Edges Higher on Yen Concerns
EU leaders missed the opportunity to deliver markets a positive surprise at the end of the March 24-25 summit. In short, the EU council agreed on the structure of the ESM that will be active in 2013,...
Dollar Resumes Downtrend
The dollar moved lower versus the major currencies yesterday as traders continued to use the dollar as a funding currency in carry trades. Positive US consumer and housing data encouraged the resumption of this long term trend....
The EUR In Focus
Range trading was the primary theme for the broad markets on Monday. The USD traded slightly weaker against the EUR and was rather consolidated against most of the other major currencies. The day’s trading sentiment continued to...
29th March, 2011 – Daily Forex report by GFM Research
Dollar Index (DX) is trading at the key resistance of 76.60 ranges; DX consistently trading above 76.70 would post short term bottom, else it may trade range bound between 76.50 and 75.50. The Greenback is trading mixed...
Forex Metal Weekly Newsletter
Market review for 21 – 25.03.2011
28th March, 2011 – Daily Forex report by GFM Research
U.S Dollar strengthened smartly after finding support at 75.50 (Dollar Index-DX) during the last week. The Japanese Yen stabilized against the Greenback and the Common Currency during last week, resulting in the USD appreciating across the board...
Forex-Metal Daily Analysis -25/03/2011
Euro rehabilitates.
A Tangled Whirlwind In Markets
The Final GDP number will come from the States today, but it is nearly certain that this will not be the main mover of the broad markets on Friday. Investor sentiment finds itself tangled in a whirlwind...