US Producer Price Index on Tap
The US economy will be publishing reports on PPI and crude oil inventories. Should today’s news disappoint, there is a possibility that more investment will get pushed towards the safety of the USD.
Category: Daily Forex Reports
AUD/USD Analysis (August 17)
The pair has confirmed a strong bullish bounce over the last trading session with a rally towards a former support at 1,05.
USD/CAD Analysis (August 17)
The pair continues to consolidate after last week rally and it is now trading above the 38% fibonnacci retracement level.
USD/CHF Analysis (August 17)
The pair remains very well bid after a consolidation period in the beginning of the week.
USD/JPY Analysis (August 17)
The pair continues to trade flat above its historical low at 76,30 but remains under pressure.
GBP/USD Analysis (August 17)
The pair evolves in a multi-day rising channel which confirms its relative strengh over the short term.
EUR/USD Analysis (August 17)
After a clear break above its long term descending trendline, the pair has been pulling back on this former resistance and is now trading near the 1,44 level.
17th August, 2011 – Daily Forex Report by GFM Research
The US Dollar Index traded flat after it nears important support of 73.40 ranges, most of the asset classes are trading stable after witnessing unprecedented volatility during past couple of weeks especially the equity bourses across the...
GBP/USD Anlaysis
Greetings. Let’s pull up the GBP/USD. We saw the GBP/USD make a strong comeback in the past couple of weeks and it seems like there still be more potential room for upward movement.
Daily FX Market Outlook by AceTrader-17-8-2011
Market Review – 16/08/2011 22:04 GMT Euro pares its gain on disappointing French-German proposal The single currency retreated on Tuesday as German Chancellor Angela Merkel and French President Nicolas Sarkozy said in a press conference that they...