USD/CHF Technical Analysis October 21, 2011
The USD/CHF pair had a bearish day on Thursday as traders sold off the Dollar in favor of the Franc. The pair is currently difficult to sell, as the Swiss National Bank is working against the rise...
Category: Daily Forex Reports
USD/JPY Technical Analysis October 21, 2011
The USD/JPY pair continues to hover around the 77 handle during the Thursday session, and looks very likely to on Friday as well. The range it has been stuck in between 76 and 77.50 looks likely to...
21st October, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading in tight range between 77.50 and 76.50 as a result the benchmark equity index of the Dow Industrials traded flat. Though 76.00 ranges are expected to again act important support in medium...
EUR/GBP Analysis
Greetings. Let’s pull up the EUR/GBP. We just crossed a major trend line which for the past 4-5 months acted as resistance. Now that we have crossed it, it looks like this same trend line may start...
Dollar Losses Limited, Markets Expecting Heightened Volatility
Liquidity will likely be higher in today’s early trading as several events are being published in rapid succession from Britain, Canada and the US. American liquidity will be heightened, and Great Britain will contribute to today’s movements...
Forex-Metal Daily Analysis – 20/10/2011
As the rumours around the agreement between France and Germany on increasing the size of EFSF reinforced, the euro strengthened.
20th October, 2011 – Daily Forex Report by GFM Research
The Dollar Index recovered off the European lows during the American trading session on the event of correction/continued fall witnessed in most of the asset classes. Though 76.00 ranges are expected to again act important support in...
GBP/USD Analysis
Greetings. Let’s take a look at the GBP/USD chart. It seems like the downward momentum is still strong so look for a potential continued push down.
Forex-Metal Daily Analysis – 19/10/2011
Speculations regarding possible credit rating reduction of France pressure the euro.
British Inflation Suggests Stronger Pound
With yesterday’s inflationary data out of Britain, it seems the pessimism in Europe isn’t trickling across the English Channel, at least for now. Holiday spending and recent upticks in manufacturing should shore up the pound’s advances this...