AUD/USD Technical Analysis August 17, 2011
The AUD/USD pair fell on Tuesday as the markets in general did, but then found a bid late in the day to form a bit of a hammer.
Category: Daily Forex Reports
USD/CHF Technical Analysis August 17, 2011
The USD/CHF pair had a bullish day on Tuesday as session saw a retest of the bullishness on Monday. The Swiss National Bank is set to make an announcement on Wednesday as to their intentions to devalue...
GBP/USD Technical Analysis August 17, 2011
The GBP/USD pair continued to climb on Tuesday as traders were pleasantly surprised by a slightly higher than expected inflation report out of the UK this week.
USD/JPY Technical Analysis August 17, 2011
The USD/JPY pair continues to sit in a stagnant fashion as the psychological game between the trading world and the Bank of Japan continues.
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.
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.