Forex-Metal Daily Analysis – 09/11/2011
Market participants are looking forward for the voting results in the Italian Parliament.
Category: Daily Forex Reports
USD/CAD Forecast Nov. 9th, 2011, Technical Analysis
USD/CAD had a bearish day during the Tuesday as the oil markets rose. The CAD is highly sensitive to the price of oil, and as such will rise when the markets in crude rise. The pair fell...
AUD/USD Forecast Nov. 9th, 2011, Technical Analysis
AUD/USD fell again on the session for Tuesday, but bounced again in order to form a hammer at the end of the day. The pair looks like it is trying to find real support at the 1.03...
USD/CHF Forecast Nov. 9th, 2011, Technical Analysis
USD/CHF tested the 0.9000 level on Tuesday, but found sellers at that area. The pair has been pushed around quite a bit by conflicting comments out of Swiss National Bank officials over the last 24 hours, so...
GBP/USD Forecast Nov. 9th, 2011, Technical Analysis
The GBP/USD pair rose during the session on Tuesday as the Dollar was sold off against most of the major currencies. The pair still remains above 1.60 which is very bullish, but formed a shooting star candle...
USD/JPY Forecast Nov. 9th, 2011, Technical Analysis
The USD/JPY pair fell during the session on Tuesday as traders shorted the Dollar against most major currencies. The pair is being supported by the Bank of Japan via intervention, so the move down will more than...
EUR/USD Forecast Nov. 9th, 2011, Technical Analysis
The EUR/USD pair rose on hopes the EU is getting closer to a solution as the Italian PM has promised to resign. However, at the same time Italian bonds are spiking to the highest levels since joining...
Consolidation is the Tone of the FX Markets
Since last week’s bout of USD strength the major currencies continue to trade in defined ranges as market players look for the next big event which could come from Europe.
9th November, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading sideways between 77.80 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 medium-term resistance.The benchmark equity...
Forex-Metal Daily Analysis – 08/11/2011
Rumours of the imminent resignation of Italian Prime Minister supported the euro. Asian and European trading sessions: Euro: Euro was under pressure against major currencies due to concerns of market participants about the political instability in Italy....