Forex Metal Weekly Newsletter
Market review for 23 – 27.01, 2012
Category: Daily Forex Reports
USD Bearish Ahead of Heavy Trading Week
The US dollar closed last week on a bearish note, as it took significant losses against most of its main currency rivals, including the euro and Japanese yen. The dollar began to decline during the middle of...
30th January, 2012 – Daily Forex Report by GFM Research
The Dollar Index is trading near to the support of 78.20; though the medium-term trend is bearish, DXH2 may trade sideways between 79.80 and 78.20. The long-term trend is still bearish till the Dollar Index does not...
USD/CAD Forecast January 30, 2012, Technical Analysis
USD/CAD fell on Friday as traders continued to sell the Dollar in general. However, the parity level continues to put up a fight and offer support. The pair has yet to close convincingly below that mark, and...
AUD/USD Forecast January 30, 2012, Technical Analysis
AUD/USD rose again on Friday as the Dollar continues to get sold off. The bad GDP numbers out of the United States certainly did nothing to inspire confidence in the economy, and as a result, traders went...
USD/CHF Forecast January 30, 2012, Technical Analysis
USD/CHF fell on Friday as traders continued to sell the Dollar in general. The pair has seen a brutal selloff lately, and the breaking below of the hammer from Thursday is indeed a very bearish sign.
GBP/USD Forecast January 30, 2012, Technical Analysis
GBP/USD rose during the Friday session as the Dollar continues to weaken. The area above is the start of significant resistance though, and it is at this point that we will find out just how strong the...
USD/JPY Forecast January 30, 2012, Technical Analysis
USD/JPY fell during the Friday session as the Dollar continues to weaken against most other currencies. The area just below starts the support level that the Bank of Japan has been defending, so this area could produce...
EUR/USD Forecast January 30, 2012, Technical Analysis
EUR/USD continued to rise during the Friday session as the shooting star from Thursday got violated. The 1.32 level has been breached, and the market looks very healthy at this point in time.
Forex-Metal Daily Analysis -27/01/2012
The U.S. dollar was traded lower against almost all of its major competitors.