USDJPY Analysis – November 26, 2011
USDJPY is forming a sideways consolidation in a range between 75.57 and 79.52. Another rise to test 79.52 resistance would likely be seen in a couple of weeks.
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AUDUSD Analysis – November 26, 2011
AUDUSD’s fall extended to as low as 0.9663. Further decline is still possible next week, and next target would be at 0.9550. Resistance is at 0.9900, only break above this level could indicate that the downtrend from...
GBPUSD Analysis – November 26, 2011
GBPUSD’s downward movement from 1.6164 extended to as low as 1.5423. Further fall to test 1.5272 key support could be seen next week, a breakdown below this level will signal resumption of downtrend from 1.6745, then the...
EURUSD Analysis – November 26, 2011
EURUSD is facing 1.3146 support, as long as this level holds, we’d expect uptrend to resume, and one more rise towards 1.5000 is still possible. On the other side, a breakdown below 1.3146 key support will indicate...
Strong German Data but PMIs Point to Lower EU Growth
Yesterday’s data from the Germany was on the positive side but disappointing PMIs from Europe point to a recession in the euro zone.
Forex-Metal Daily Analysis – 24/11/2011
Fears of the world economy sliding down into a recession supported the dollar.
USD/CHF Analysis
Greetings. Let’s take a look at the USD/CHF pair. For a long time we were seeing a shard drop of the USD/CHF and we’ve seen a nice retracement back up in the past couple of months. It...
Forex-Metal Daily Analysis – 23/11/2011
The IMF Board approved two new credit packages to limit and fight the spreading of the debt crisis.
USD Continues to be Favored
As investors reduce their exposure to higher yielding currencies the USD has become the overwhelming favorite.
AUD/USD Forecast Nov. 22nd, 2011, Technical Analysis
AUD/USD fell hard on Monday as traders continued to sell of the risk trade. The Aussie will always be sensitive to sentiment, and sentiment is poor at best lately. With this in mind, we sell rallies, and...