Forex Metal Weekly Newsletter
Market review for 12 – 16.12, 2011
Category: Daily Forex Reports
EUR Pessimism Reaches a High
EUR bears are out in full force. According to the most recent CFTC Commitment of Traders Report, speculators in the futures market have built their largest EUR short position since May 2010.
USD/CAD Forecast December 20, 2011, Technical Analysis
USD/CAD had a volatile session on Monday as the market closed in an unchanged manner. The range was somewhat extended, but the more important fact is that the 1.03 level has continued to hold as support.
AUD/USD Forecast December 20, 2011, Technical Analysis
AUD/USD fell hard on Monday as the commodity trade was hit fairly hard. The “risk off” trade came back into vogue during the session, and the afternoon in the US saw an acceleration of this move. The...
USD/CHF Forecast December 20, 2011, Technical Analysis
USD/CHF had a very quiet session on Monday as traders are starting to think of holidays, and not so much of economics. The pair continues to find support at the 0.93 level, and this is just below...
GBP/USD Forecast December 20, 2011, Technical Analysis
GBP/USD fell during the session on Monday as the markets went into the “risk off” trade. The Pound does enjoy support at the 1.55 level, and the bounce during the later hours of the session on Monday...
USD/JPY Forecast December 20, 2011, Technical Analysis
USD/JPY had a strong day on Monday as the Dollar is being bought up by traders in a bit to run to “safe havens”. The Dollar is without a doubt going to get a bid every time...
EUR/USD Forecast December 20, 2011, Technical Analysis
EUR/USD fell on Monday as the market continues to concern itself with the European debt crisis. The Euro is fairly untouchable at the moment, even if it is sitting right on the 1.30 level, an obvious support...
20 December, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading range bound on the advent of long holiday season; Major trend is range bound between 73.40 and 81.40 where as the medium trend is bullish till 77.50 ranges are holding, though 81.40...
A Working Holiday Season
As the holiday season approaches liquidity in the FX markets typically dries up as trading desks operate on skeleton staffs. However, with the European debt crisis coming to a head, the last two weeks of the year...