EUR/USD Analysis (September 12)
With a weekly close below key 1,40 support and July low (1,3835), the pair has confirmed a major trend reversal in 2011.
Category: Daily Forex Reports
Interest Rate Statements Favor USD Gains
Interest rate statements released by the world’s leading central banks last week portrayed a global economy in crisis. Each central bank seemed to be taking a wait-and-see approach with monetary policies, holding rates steady and declaring a...
Daily FX Market Outlook by AceTrader-12-9-2011
Market Review – 10/09/2011 01:20 GMT Euro tumbles on heightened concerns over Greek default and ECB Stark’s resignation The single currency continued its descent this week and tumbled sharply to a 10 year-low against the yen and...
USD/CAD Technical Analysis September 12, 2011
USD/CAD rose on Friday as traders sold off the risk currencies around the world. The oil markets dipped as well, and this always spells trouble for the Loonie.
AUD/USD Technical Analysis September 12, 2011
The AUD/USD fell on Friday, as did all risk-related currencies. However, the AUD is a bit insulated as there is massive demand for gold at the moment, and Australia has plenty of it.
USD/CHF Technical Analysis September 12, 2011
The USD/CHF pair rose on Friday, and continues to hover above the 200-day moving average. Most traders recognize a breaking of the 200-day moving average as a trend change, and we certainly noticed the breaking of the...
GBP/USD Technical Analysis September 12, 2011
The GBP/USD pair fell hard on Friday after forming shooting star candles the previous two sessions. As we mentioned before, this is a bearish sign, and it finally triggered on Friday to produce sell signals.
USD/JPY Technical Analysis September 12, 2011
The USD/JPY fell after first rising during the Friday session to form a hammer just above the all-important 77 handle. Because of this, we are getting more and more interested in perhaps going long this pair.
EUR/USD Technical Analysis September 12, 2011
The EUR/USD pair finally came undone during the Friday session, and we have had a major breaking of support as a result. The pair smashed through the last of the support that it had, and as a...
EUR Declines on ECB Rate Statements
The euro was indeed seen dropping against the USD following the European Central Bank’s (ECB) latest announcement regarding interest rates, known as the Minimum Bid Rate.