Forex-Metal Daily Analysis – 18/10/2011
Europe may need more time to solve the problem of sovereign debt.
Category: Daily Forex Reports
18th October, 2011 – Daily Forex Report by GFM Research
The Dollar Index ended its loosing streak after hitting major support zone of 76.00-76.50 resulting in correction in the benchmark equity index of DJIA. Though 76.00 ranges are expected to again act important support in medium term;...
Forex Metal Weekly Newsletter
Market review for 10 – 14. 10, 2011 Previous trading week demonstrated a considerable strengthening of the euro. One of the reasons for this rally on the first day of the week was based on the fact...
Economic Data Posits Risk Taking This Week
Confidence and trade reports from the US and Canada last week portrayed a global economy somewhat stronger than what many had expected. The balance of imports to exports last Friday revealed a growing market, with smaller deficits
USD/CAD Technical Analysis October 17, 2011
The USD/CAD continued to fall during the Friday session, and now looks set to retest the parity level. The level is massive support, and far too close for comfort to sell at this level, so unless you...
AUD/USD Technical Analysis October 17, 2011
The AUD/USD pair had a wildly bullish session on Friday as traders bought this pair hand over fist. The “risk on” trade was the order of the day, but one cannot help but think this move has...
USD/CHF Technical Analysis October 17, 2011
USD/CHF fell again on the Friday session, but continues to hang around the recent support level. In fact, it has been somewhat impressive as it simply doesn’t want to give way. Of course the market is being...
GBP/USD Technical Analysis October 17, 2011
The GBP/USD pair rose rapidly during the Friday session as traders took on more risk around the world. The 1.58 level was broken, but the later hours of the session saw this pair pullback.
USD/JPY Technical Analysis October 17, 2011
The USD/JPY pair had another positive day on Friday, as traders decided to take on massive amounts of risk for the weekend. This was led by the belief that the G20 would produce some kind of solution...
EUR/USD Technical Analysis October 17, 2011
The EUR/USD pair continues to run rampant and straight up during Friday’s session, proving that the market is certainly running on emotion at the moment. The hope that a solution will come out over the weekend G20...