Forex Metal Weekly Newsletter
Market review for 19 – 23. 09, 2011
Category: Daily Forex Reports
26th September, 2011 – Daily Forex Report by GFM Research
Dollar Index is nearing resistance zone of 78.75-79.30 ranges; most of the asset classes especially the precious metals after the parabolic bull run sold off during whole week ; though double dip depression in the is still...
AUD/USD Analysis (September 25)
The Aussie has been one of the main victims of the shift towards risk aversion on the market. The market has broken back below parity like a knife through butter…
USD/CAD Analysis (September 25)
The pair finally managed to overcome the strong parity resistance. This confirmed breakout opens the door to further gains towards 1,08 (monthly bollinger band).
USD/CHF Analysis (September 25)
The pair has confirmed a strong bullish bounce with a break above 90,00. We expect a continuation of the bullish trend over the middle term.
USD/JPY Analysis (September 25)
The pair continues to consolidate on top of the key 76,00 level despite the strong Dollar which confirms a relative strengh of the Yen.
GBP/USD Analysis (September 25)
The break below 1,57 has accelerated the downside move towards the 1,5350 support from the end of december 2010 which is now being tested.
EUR/USD Analysis (September 25)
The pair is now evolving in a clear bearish trend after a confirmation of the break below 1,38.
USD/CAD Technical Analysis September 26, 2011
USD/CAD climbed again on Friday as traders sold oil markets off in large amounts. The oil trade is directly related to the USD/CAD trade, and such we expect the CAD to gain in value as oil rises,...
AUD/USD Technical Analysis September 26, 2011
The AUD/USD pair fell again on Friday as traders continued to sell off riskier assets around the world. The resulting bar was a bit of a hammer, and a bounce wouldn’t be out of the question at...