Deflation Returns to Switzerland
Swiss CPI data from October showed a larger than expected decline in prices. As such, traders have tried to get out ahead of the next possible move by the SNB to weaken the CHF.
Category: Daily Forex Reports
8th November, 2011 – Daily Forex Report by GFM Research
With most of the asset classes especially the benchmark equity index of the Dow Jones traded sideways, resulting in the Dollar Index is trading sideways between 77.80 and 76.40. Immediate resistance in the Dollar Index is seen...
Forex Metal Weekly Newsletter
Market review for 30.10 – 4.11, 2011 Last week demonstrated a rather diverse trading dynamics of the major currencies. On Monday the euro droppedagainst the main currencies after the release of the unemployment in Italy and in...
7th November, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading sideways between 77.30 and 76.40. Immediate resistance in the Dollar Index is seen at 78.00 ranges. Historic congestion is seen at 79.80-80.40-81.20 ranges, which is expected to act as formidable resistance.
AUD/USD Analysis (November 06)
The pressure remains on the topside given the recent price action and the studies setup.
USD/CAD Analysis (November 06)
After a brief break below parity, the USD/CAD has bounced significantly to resume its upside move.
USD/CHF Analysis (November 06)
The pair might be ready to resume its long term bullish trend after a multi-week consolidation.
USD/JPY Analysis (November 06)
A strong material base seems to be in place on the USD/JPY. The pair might be ready for a bullish development.
GBP/USD Analysis (November 06)
The momentum appears to be clearly bullish on the Cable over the middle term (weekly view).
EUR/USD Analysis (November 06)
After a nice rally from the 1,31 level, the major has found some strong resistance by the 1,42 handle where it stalled out.