Forex Metal Weekly Newsletter
Market review for 16 – 20.01, 2012
Category: Daily Forex Reports
Investors Eagerly Awaiting News of Greek Debt-Swap Deal
While the euro saw some upward momentum in trading last week, the real test of the currency’s strength will be today, as news of a possible deal on Greek debt is announced. Traders will want to pay...
23rd January, 2012 – Daily Forex Report by GFM Research
Strong equity bourses across the world, especially the benchmark index of the Dow Jones Industrials resulted in the Dollar Index loosing more then 1.2 points during last week. The medium trend is bullish till 79.60 ranges are...
USD/CAD Forecast January 23, 2012, Technical Analysis
The USD/CAD pair rose on Friday as the 200 day EMA held as support, along with the bottom of the triangle. The oil markets fell, and this is always bad for the Loonie given enough time. However,...
AUD/USD Forecast January 23, 2012, Technical Analysis
The AUD/USD pair rose on Friday and even broke above the 1.04 level that we have been watching for a couple of weeks. The reason this area is so interesting is that the level is the top...
USD/CHF Forecast January 23, 2012, Technical Analysis
The USD/CHF pair rose on Friday as the week had seen so many losses in this pair. Although the bounce came it was very weak, and even looks a bit like a shooting star at the bottom...
GBP/USD Forecast January 23, 2012, Technical Analysis
The GBP/USD pair rose on Friday and continued the massively bullish move we had seen over the last several days as the 1.55 level gave way as resistance. The move was relentless, and it appears that some...
USD/JPY Forecast January 23, 2012, Technical Analysis
The USD/JPY pair fell on Friday to remain in the tight range it has been sitting in for two weeks. The pair is simply “stuck”, but this only confirms the “boundaries” of which the short-term trader can...
EUR/USD Forecast January 23, 2012, Technical Analysis
The EUR/USD pair fell on Friday as traders sold the Euro on concerns of the Greek debts talks stalling. However, the pair was bought back up during the US session, and has formed a hammer on the...
EUR Rallies Following Positive Global Data
The euro was largely up during yesterday’s trading session, as positive global data led to risk taking among traders. A successful Spanish debt auction combined with a lower than forecasted US Unemployment Claims were largely responsible for...