Forex-Metal Daily Analysis – 11/11/2011
The ECB started buying Italian government bonds and the euro rose against major
Category: Daily Forex Reports
EUR Down but Not Out
Financial markets have begun to recover from Wednesday’s panic with a moderately successful Italian bond auction. Liquidity will likely be light for the day with many banks closed in observance of Armistice/Veterans Day.
AUD/USD Forecast Nov. 11th, 2011, Technical Analysis
The AUD/USD pair fell and rose during the session on Thursday as the headlines continue to push this pair around. The 1.01 to parity levels are one big support zone in our opinion, and we think they...
EUR/USD Forecast Nov. 11th, 2011, Technical Analysis
EUR/USD rose during the session on Thursday as traders did some profit taking after a large move to the downside. The 1.36-1.34 area looks very supportive, and a bounce from here wasn’t too far out of the...
GBP/USD Forecast Nov. 11th, 2011, Technical Analysis
GBP/USD rose during the session on Thursday as traders had a bit of a relief rally after a particularly bearish session on Wednesday. However, the gains were minimal compared to the losses,
USD/CAD Forecast Nov. 11th, 2011, Technical Analysis
USD/CAD fell on Thursday as the oil markets continue to rise in value. The CAD always gets a boosts in this types of situations, as the world continues to buy the biggest Canadian export.
USD/CHF Forecast Nov. 11th, 2011, Technical Analysis
The USD/CHF pair fell on the Thursday session, but found support at the 0.9000 level. The pair continues to look healthy, and the 0.9000 level holding as support is a good sign for bulls in this marketplace.
USD/JPY Forecast Nov. 11th, 2011, Technical Analysis
USD/JPY had a slightly down session on Thursday as traders continue to grind this pair lower. The post-intervention reaction is the standard one, as the market will try the patience of the Bank of Japan as they...
Forex-Metal Daily Analysis – 10/11/2011
Against the background of the worsening situation in Italy, the euro lost about 310
USD/CAD Forecast Nov. 10th, 2011, Technical Analysis
The USD/CAD pair rose during the Wednesday session as the safe haven trade was back on. The oil markets fell, and this also pushed the price of the CAD down across the board. The pair went straight...