GBP/USD Technical Analysis October 3, 2011
GBP/USD had a fairly neutral day on Friday as traders bought and sold the pound in various spurts during the day. The 1.55 area looks to be supportive, but the trend is down. We feel that eventually...
Category: Daily Forex Reports
USD/JPY Technical Analysis October 3, 2011
USD/JPY rose on Friday as the markets around the world sold off. The USD/JPY is being lifted by the Bank of Japan, and as a result we haven’t been able to sell this pair for quite some...
EUR/USD Technical Analysis October 3, 2011
EUR/USD fell hard on Friday as the markets continue to punish the EU for not getting a solution to the debt crisis finalized quickly enough. The 1.3350 area below is the last stand for the EUR/USD uptrend,...
Forex-Metal Daily Analysis – 30/09/2011
Euro strengthened after the German Parliament accepted changes in the EFSF.
30th September, 2011 – Daily Forex Report by GFM Research
On the event of sideways trading (with weaker bias) witnessed in most of the asset classes, the Dollar Index appreciated from 77.30 ranges with stronger bias, though it is expected to find stiff resistance in the ranges...
EUR Remained Bullish on Better than Expected Economic Data
Germany’s approval Thursday to increase the size and flexibility of the euro zone’s bailout fund and better than expected U.S. economic data pushed the ERU/USD pair above 1.36 Thursday, though it has pared some of the gains...
EUR/USD Technical Analysis September 29, 2011
The EUR/USD pair rose on Wednesday, but fell later in the day as traders sold off risk. The Euro still have massive uncertainty surrounding its prospects, so buying it doesn’t appeal to many.
GBP/USD Technical Analysis September 29, 2011
GBP/USD had a slightly bearish day on Wednesday, but it should be noted a lot of those losses came late in the session again. This shows that rallies cannot be trusted, and they are simply providing selling...
USD/CAD Technical Analysis September 29, 2011
USD/CAD rose drastically on Wednesday as traders sold off the oil markets. The 1.03 area was the most recent high in this pair, and proved to be resistive. Because of this, we want to buy – but...
USD/CHF Technical Analysis September 29, 2011
The USD/CHF pair rose on Wednesday, as the Dollar was bought in general during the session. The market is in a “safety trade” mode, and the CHF is no longer considered a decent proxy for safety as...