A Brief Pause for the EUR
With both the US and Canada away on holiday liquidity will be tight in the North American trading session which may allow for a brief pause in the decline of the EUR versus the USD and CHF.
Category: Daily Forex Reports
Daily FX Market Outlook by AceTrader-5-9-2011
Market Review – 03/09/2011 00:05 GMT Dollar recovers after weak U.S. jobs data Although dollar weakened broadly after release of worse-than-expected U.S. non-farm payrolls report as the gloomy data fuelled expectations of possible quantitative easing by the...
USD/CAD Technical Analysis September 5, 2011
USD/CAD rose on Friday as the Non-Farm Payroll report disappointed. The Canadian economy depends on exports to the US, so a weak US means a weak Canada. However, we are below some very serious resistance areas in...
AUD/USD Technical Analysis September 5, 2011
AUD/USD fell on Friday after a weak US jobs number. The pair is a “risk on” trade typically, so this was no real surprise. However, the trend is certainly up, and we fell that the 1.05 area...
USD/CHF Technical Analysis September 5, 2011
USD/CHF fell hard on Friday as the Non-Farm Payroll number disappointed in the US. The pair fell as low as the 0.7720 area, but ended the day by forming a hammer. This shows that the pair may...
GBP/USD Technical Analysis September 5, 2011
The GBP/USD had a fairly quiet day on Friday as traders took a rest in this market after the Non-Farm Payroll number release. The 1.61 area looks like it is the start of a larger support are...
USD/JPY Technical Analysis September 5, 2011
USD/JPY fell initially on Friday, and retested the 76.50 area. This area is becoming more and more interesting to us as it looks like a floor for this pair at the moment. With Bank of Japan intervening...
EUR/USD Technical Analysis September 5, 2011
EUR/USD fell hard on Friday, as the Non-Farm Payroll number disappointed. The pair looks very, very weak at this point, but the range has been established between 1.40 and 1.45 – and as we are getting fairly...
AUD/USD Analysis (September 2)
Despite the pressure on the majors and relative shift towards risk aversion, the Aussie is being resilient with only a slight consolidation in its current rally.
USD/CAD Analysis (September 2)
If a material base might be in place for a possible long term reversal, we haven’t seen yet a real confirmation of the bullish bounce started in July.