Forex-Metal Daily Analysis – 28/10/2011
Positive wave has covered markets.
Category: Daily Forex Reports
US Data Comes into Focus after GDP Release
The economic calendar will be balanced between data out of the Japanese economy early on in the day, and the US economy in the afternoon. The US economy will be strongly in focus with reports on consumer...
AUD/USD Technical Analysis October 28, 2011
The AUD/USD rose absolutely skyrocketed on Thursday as the EU presented a bailout package finally. The commodity trade was on in all markets as the US dollar got sold off. The pair has reached a gap that...
EUR/USD Technical Analysis October 28, 2011
The EUR/USD pair shot up during the Thursday session as the EU finally came out with a bailout plan, and so far it looks like the markets like it. The move was quick and strong, and it...
GBP/USD Technical Analysis October 28, 2011
The GBP/USD rose again on Thursday as it reacted to the good news of a EU bailout agreement. The pair has now broken above the 61.8% Fibonacci retracement, and now look set to move much higher.
USD/CAD Technical Analysis October 28, 2011
The USD/CAD sliced right through the parity level on Thursday as the EU finally came out with a bailout plan. The commodities markets took off as the US dollar was sold off against everything.
USD/CHF Technical Analysis October 28, 2011
The USD/CHF pair fell hard on Thursday as the USD was sold off against almost all other currencies around the world. This was in response to the EU finally releasing the bailout plan that has been long...
USD/JPY Technical Analysis October 28, 2011
The USD/JPY had another down day on Thursday, but bounced yet again around the 75.50 area. The pair looks like it is trying to base at this area. The pair looks like it is trying as hard...
28th October, 2011 – Daily Forex Report by GFM Research
The US Dollar tumbles on the event of Greece bailout by the European Union. The Dollar Index closed below 76.00 to enter historic congestion zone of 74.50-73.40 ranges. Consistent close below 73.00 would reinitiated long-term USD bearishness.The...
Forex-Metal Daily Analysis – 27/10/2011
The yen renewed its historical maximum against the US dollar.