Gold in Depth
After the bold attempt to breach the main support for the general upside wave on July 28, trading returned to trade to the upside supported by the formation of a falling wedge where gold breached its resistance...
Category: Daily Forex Reports
Analyzing The JPY Crosses
The JPY is oft seen as the recent barometer for risk aversion. Historically speaking the Bank of Japan (BOJ) prefers a weak JPY as Japan relies heavily on exports to support their GDP growth. The BOJ is...
Commodity Currency Update
AUDUSD: The AUD is still trending up but with embedded high volatility. On its recent pullback it found support at it’s 200 day moving average which also coincided with trend line Support (see blue arrow). The 50...
Euro Gains on Successful Spanish and Irish Debt Auctions
The EUR rose against the US Dollar and came off 7-week lows against the Japanese Yen on Tuesday, helped by solid results of Irish and Spanish bond auctions which alleviated concerns about the heavily indebted Euro-Zone countries....
A Day Of Positioning Ahead
There will be very little data released today internationally. The U.S. will bring forth Crude Oil inventories and the U.K. will be publishing its MPC Meeting Minutes. The USD traded in a rather broad range against the...
Daily Market Outlook by AceTrader-18-8-2010
Market Review – 17/08/2010 22:53 GMTEuro surges on solid demand at European debt auctionsEuro rose strongly across the board on Tuesday as solid Irish and Spanish bond auctions eased worries about the ability of peripheral eurozone countries...
Forexpros.com Daily Analysis – 17/08/2010
ForexPros Daily Analysis August 17, 2010 Fundamental Analysis: MPC Meeting Minutes The Bank of England (BOE) Monetary Policy Committee (MPC) Meeting Minutesare a detailed record of the committee’s interest rate meeting held abouttwo weeks earlier.
USD – An Autumn Of Discontent?
The USD lost some ground to the EUR and GBP as rather tentative trading took place across the broad marketplace. Participants seemed content to range trade on Monday as rather lackluster data from the States again was...
EUR – Divergent GDP’s Called Into Question
The EUR turned in a day of stability as it gained in value against the USD. CPI data from across Europe met expectations head on. Today the German ZEW Economic Sentiment is on the calendar and will...
GBP – Inflation Report From The U.K. Today
The Sterling was able to muster support on Monday and picked up some of its lost momentum against the USD. There was little in the way of economic data from the U.K. today, but the CPI figures...