EUR/USD Analysis (November 27)
Risk aversion continues to dominate the market sentiment and we see plenty of room on the downside.
Category: Daily Forex Reports
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...
EUR/USD Forecast Nov. 22nd, 2011, Technical Analysis
The EUR/USD pair fell during the session on Monday again, only to bounce again. The 1.35 area seems to be attracting massive buying and the pair simply will not stay under the 1.35 level for long. Because...
GBP/USD Forecast Nov. 22nd, 2011, Technical Analysis
GBP/USD fell precipitously on Monday, just as expected. The Bank of England should be talking about more quantitative easing later this week, and as a result the cable pair has fallen.
USD/CAD Forecast Nov. 22nd, 2011, Technical Analysis
USD/CAD finally smashed through the 1.03 barrier as the risk trade got hammered on Monday. The barrier should turn into support at this point, and the pair should press ahead to retest the recent highs in the...