Forex Metal Weekly Newsletter
Market review for 25 – 29. 04, 2011
Category:
AUD/USD Daily Fundamental Analysis for May 3, 2011
The Australian dollar dropped against greenback during the first day trading of the week after president Obama said al-Qaeda leader Osama bin Laden has been killed.
USD/JPY Daily Fundamental Analysis for May 3, 2011
The USD/JPY pair starts the week moving to the upside, after it dropped last week to its lowest level in 5 weeks. The main reason behind the upside movement remains the risk appetite, which encourage investors to...
Daily Market Review for the 02.05.2011
EUR/USD Time: 11.45 Rate 1.4808 Strategy: Short/long Daily time frame
Gold At Record Highs
In many respects the currency markets will begin to trade in earnest today essentially where they left off on Friday discounting ranges. Many banks and bourses will be closed across Europe today because of Labor Day. However...
Europe on Holiday, USD Still Bearish
With Europe and Great Britain on holiday Monday, currency traders have witnessed a relatively thin trading environment. Though debt concerns loom in the euro zone, and industrial production falters globally, the higher yielding assets like the GBP...
2nd May, 2011 – Daily Forex Report by GFM Research
Stronger equity bourses, especially the Dow Jones Industrials (DJIA) the weakening of U.S Dollar against the majors. The Dollar Index (DX) has hit lifetime low of 73.00 during last Friday’s trade; only consistent daily close above 74.80...
USDCAD Analysis – April 30, 2011
USDCAD stays below a downtrend line on daily chart, and remains in bearish movement. Further fall could be seen next week, and next target would be at 0.9300 area. Resistance is at the trend line, now at...
USDCHF Analysis – April 30, 2011
USDCHF remains in downtrend from 0.9339, and the fall extended to as low as 0.8626. Further fall could be expected next week, and next target would be at 0.8500 area. Resistance is at 0.8800, as long as...
USDJPY Analysis – April 30, 2011
USDJPY continued its downward move from 85.51 and the fall extended to as low as 81.03. Deeper decline is still possible next week, and next target would be at 80.00 area. Resistance is at 82.75, only break...