Will the Euro’s Rally Continue?
Last week, one of the most notable trends in the market was the bullish euro. By Friday, the euro was once again boosted on speculation that the ECB will hike interest rates in February. Today, several economic...
Category: Daily Forex Reports
21st February 2011 – FX Daily Report by GFM Research
EURUSD settled higher on Friday at 1.3693 after breaking a key resistance of 1.3640. The Common Currency can rise to 1.3826 in near-term if sustains above 1.3640. We are expecting the Cable to out perform compared to...
Daily FX Market Outlook by AceTrader 21-2-2011
Market Review – 18/02/2011 20:16 GMT Euro rallies as ECB official Lorenzo Bini Smaghi signals ECB may hike rates due to inflation pressures Euro rallied broadly on Friday after Lorenzo Bini Smaghi, an European Central Bank Executive...
Forex-Metal Daily Analysis -18/02/2011
Middle East problems support the demand for save-haven assets. Asian and European trading session:
USD/CHF Outlook
Greetings. Let’s take a look at the USD/CHF. We’re coming right down to test a strong trend line and time will only tell if the trend line will act as support.
18th February 2011 – FX Daily Report by GFM Research
Dollar lost ground against most of the major pairs yesterday after weaker than expected US economic numbers. Jobless Claims (Initial Claims) recorded higher at 410,000 for the week ending February 12, 2011 against previous release of 383,000;...
Swiss Franc Turns Bullish as Investors Look for Safe Havens
The combination of Middle East tensions, renewed euro zone debt concerns and a poor US Unemployment Claims figure have led to substantial gains for the Swiss franc over the last 24 hours. It appears that the safe...
Forex-Metal Daily Analysis -17/02/2011
Negative rally of the euro and the pound.
Market Optimism Temporarily Pulls Down Safe-Havens
The U.S. dollar slid against the euro following a rally in global equity markets yesterday. The rally prompted investors to turn to higher yielding assets and away from safe havens like the USD. With recent market optimism,...
GBP/USD Outlook
Hello. Let’s take a look at the GBP/USD hourly chart. It seems we’re still in a small retracement from the move up from early 2011. Look for it to potentially retrace more and, once complete, look for...