Forex Metal Weekly Newsletter
Market review for 14 – 18.03, 2011
Category: Daily Forex Reports
Daily Market Review for the 21.03.2011
EUR-JPY After the intervention of the G7 countries in the weakening of the JPY in the weekly graph there is a creation of a major hammer which crosses the whole range at about (900 pips)
A Storm Of Risk Events Lurk
The currency markets have reacted to the storm of events with a swift test of their ranges. The amount of important news that is affecting the broad markets cannot be over stated this morning. A simple list...
Oil Soars as UN-Authorized Strikes Rain Down on Libyan Targets
The price for a barrel of Light, Sweet Crude soared over the past several trading days, climbing above $103.75 in this morning’s early trading session. After approving limited action to quell Muammar Qaddafi’s assault on the Libyan...
21st March, 2011 – Daily Forex report by GFM Research
The U.S dollar traded mixed against the major pair, especially the Japanese Yen, where in it has gained by more than 100 pips on Friday. Volatility is expected to continue due to volatile Japanese Yen. Dollar Index...
Daily FX Market Outlook by AceTrader 21-3-2011
Market Review – 18/03/2011 20:16 GMT G7 jointly intervenes to weaken the Japanese yen The greenback rallied against the Japanese yen on Friday as Group of Seven rich nations carried out the first coordinated intervention since 2000 following...
GBP/USD candlestick analysis for March 18, 2011
The GBP/USD currency pair failed again to break the support level 1.5980, to rebound up further. Nevertheless, the viewpoint at the pair is still bearish.Earlier on a 4-hour graph the GBP/USD has formed a Dark Cloud Cover...
Risk Events Are Certain
Investors like clarity, traders like volatility and it is traders that have seen their wish fulfilled this week. International news continues to dominate the landscape. The JPY lost ground to the USD in trading late last night...
G7 Agrees To Intervene In Order To Weaken Yen
The Group of seven industrial nations has agreed on Thursday evening to stage a coordinated currency intervention in order to weaken the Japanese currency. As a result, the yen fell about 150 pips vs. the U.S. dollar...
18th March, 2011 – Daily Forex report by GFM Research
Huge volatility is witnessed in the Japanese Yen vis-à-vis most of the currency pairs, especially against the Greenback and the Common currency. Volatility may continue till the economic impact of tsunami which leveled northern Japan on March...