Forex Metal Weekly Newsletter
Market review for 29.08 – 2.09, 2011 After the diverse trading dynamics, by the end of the previous week the greenback reinstated its safe-haven status.
Category: Daily Forex Reports
Pressure Remains on the EUR
The EUR continues to be pressured as a combination of Greek and Italian debt issues combined with a slowing of the global economy weighs on the EUR. This week is an important week as six G10 central...
AUD/USD Analysis (September 6)
The outlook for the Aussie is started to be quite bearish with the recent rally now considered as a pullback after the initial sharp decline from the beginning of August.
USD/CAD Analysis (September 6)
The pair has now confirmed a possible long term reversal with a bounce on top of the key 0,97 level from last week.
USD/CHF Analysis (September 6)
At the end of last week, we did see the pair falling sharply after a top at 0,8250. This decline is considered though as a retracement of the previous rally.
USD/JPY Analysis (September 6)
The pair continues to trade flat above its historical low (76,00) and does not seem ready to start a meaningful bounce.
GBP/USD Analysis (September 6)
The pair has broken down below 1,61 (August low) which confirms the downside pressure.
EUR/USD Analysis (September 6)
The pair continues to slide towards the highly watch level at 1,40 which might be offering some support.
Daily FX Market Outlook by AceTrader-6-9-2011
Market Review – 05/09/2011 21:58 GMT Euro falls broadly as debt concerns mount Increasing worries about the Christian Democratic union’s most beleaguered states sent the euro lower against the dollar on Monday for the fifth day straight...
A Brief Pause for the EUR
With both the US and Canada away on holiday liquidity will be tight in the North American trading session which may allow for a brief pause in the decline of the EUR versus the USD and CHF.