AUD/USD Technical Analysis August 29, 2011
The AUD/USD pair rose on Friday as traders bought risk-related assets after the Bernanke speech at Jackson Hole. The lack of need for more QE in the US gave a lot of traders hope for more economic...
Category: Daily Forex Reports
USD/CHF Technical Analysis August 29, 2011
The USD/CHF pair finally managed to break above the 0.80 level on Friday, and is closing about 70 pips above that line. This area has been very resistive over the last several sessions, and represents a serious...
GBP/USD Technical Analysis August 29, 2011
The GBP/USD pair fell again on Friday, but managed a reversal in the middle of the session after the Federal Reserve Chairman said in his speech that the US didn’t need more QE, and this started a...
USD/JPY Technical Analysis August 29, 2011
USD/JPY fell hard during the Friday session as traders piled into the Yen. The USD in general fell in value around the world as Bernanke stated in his Jackson Hole press conference that the US economy didn’t...
EUR/USD Technical Analysis August 29, 2011
The EUR/USD pair closed the day on Friday knocking on the door of the 1.45 resistance level, and as such – looks very bullish at the moment. However, this level has repelled the bulls several times, and...
Forexpros.com Daily Analysis – 26/08/2011
ForexPros Daily Analysis August 26, 2011 Euro In Long Wedge, Pound in Shorts, Yen Rebounding Be careful trading overnight ahead of Bernanke’s speech at Jackson Hole Wyoming. Last year the same event sent the markets into a...
Forex-Metal Daily Analysis – 26/08/2011
Demand for the high-risk assets drops.
26th August, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading flat amidst stable trading observed in most of the asset classes, especially in the equity markets across the World. The Dollar Index is range bound between 73.40-74.50 ranges in the short-term and...
Jackson Hole Symposium Generating Volatile Swings
Federal Reserve Board Chairman Ben Bernanke’s testimony during the weekend Jackson Hole Symposium is expected to cause a stir in forex markets at this week’s closing with expectations for an update on the speculated third round of...
AUD/USD Technical Analysis August 26, 2011
AUD/USD fell after first rising on Thursday. The pair failed to stay above the 1.05 level again, and it appears that the path of least resistance is down at this point. However, with the Jackson Hole announcement...