Forex-Metal Daily Analysis – 22/11/2011
Japanese Yen, Swiss Franc and U.S. Dollar grew due to increased demand for safe-haven currencies.
Category: Daily Forex Reports
Forex Metal Weekly Newsletter
Market review for 14 – 18.11, 2011 During the past week, the negative economic statistics and general uncertainty in the EU provided a lot of pressure on European currencies (EUR and GBP). At the beginning of the...
No Surprises in US Super Committee Failure
The congressional super committee that was assigned to solve the roadblock the government faced over the summer did not help to improve market sentiment. However, according to US bond yields and the recent performance of the USD...
ECB Sticks to its Guns
Comments by ECB President Mario Draghi highlight the ECB’s position in the European debt crisis. His remarks suggest the European Central Bank will not come to the rescue of financially pressured nations. However,
21st November, 2011 – Daily Forex Report by GFM Research
The Dollar Index traded flat on Friday on the event of sideways trading witnessed in the benchmark equity index of the Dow Jones Industrials. Major trend is range bound between 73.40 and 81.20 where as the medium...
GBP/USD Forecast Nov. 21st, 2011, Technical Analysis
GBP/USD fell during the session on Friday after an initial bounce to form a shooting star. The pair looks weak, and rightfully so as the Bank of England continues to hint of further quantitative easing to come.
USD/JPY Forecast Nov. 21st, 2011, Technical Analysis
USD/JPY fell during the Friday session, but managed a bounce to form a hammer at support. The pair looks like it is ready to bounce a bit, but buying isn’t advised. The pair is decidedly bearish, and...
EUR/USD Forecast Nov. 21st, 2011, Technical Analysis
EUR/USD rose during the session on Friday as the pair continues to fight tooth and nail at the 1.35 mark. The resulting candle is a shooting star, so it does show just how much trouble the bulls...
USD/CAD Forecast Nov. 21st, 2011, Technical Analysis
USD/CAD rose during the session on Friday as the pair continues to grind higher just below the 1.03 level. The pair’s has been in consolidation recently, and the oil markets have been pushing it around. The 1.03...
AUD/USD Forecast Nov. 21st, 2011, Technical Analysis
AUD/USD fell during the session on Friday after an initial bounce to form a shooting star. The pair looks weak, and the rallies are all being faded at this point. The parity level should offer some support,...