Forex-Metal Daily Analysis – 09/08/2011
S&P downgrades the US credit rating.
Category: Daily Forex Reports
Forexpros.com Daily Analysis – 09/08/2011
ForexPros Daily Analysis August 09, 2011 Euro in Short, Pound Still In Range, Yen Near All Time Lows Euro: On the daily, the euro continues in shorts, albeit in messy setups. Setups are technically being broken, so...
USD/CHF Technical Analysis August 9, 2011
The USD/CHF pair fell on Monday, but managed to bounce a bit towards the end of the session as the Dollar got a little bit of a bid at the 0.75 level. The pair is in a...
USD/CAD Technical Analysis August 9, 2011
USD/CAD rose yet again on Monday as the oil markets continue to fall. The oil markets control the fate of the CAD, and as the Light Sweet Crude market is sitting right at $80 – we can...
USD/JPY Technical Analysis August 9, 2011
USD/JPY fell again on Monday, as traders sold off everything risk related. In fact, the Dow fell over 600 points, and as such – the “risk off” trade came into play.
GBP/USD Technical Analysis August 9, 2011
GBP/USD fell hard on Monday as the “risk off” trade came into vogue again as a result of the US downgrade. The pair was near the top of the recent consolidation area, in the form of the...
AUD/USD Technical Analysis August 9, 2011
The AUD/USD fell yet again on Monday. The pair simply cannot get out of its own way, and now finds itself at a massive support area. If this area cannot hold – we are going to really...
EUR/USD Technical Analysis August 9, 2011
The EUR/USD pair fell on Monday, continuing the downward pressure that we have seen in this market for a while. The two purple lines on the chart point out how this pair has gradually fallen over the...
Forex daily review- 09.08/2011
Important announcements for today: 09.30 (GMT+0) GBP – Industrial production 13.15 (GMT+0) CAD – Housing starts 17.15 (GMT+0) USD – Federal Funds Rate 17.15 (GMT+0) USD – FOMC Statement
Moody’s Defends US AAA Debt Rating
Moody’s Investor Services defended the AAA rating of US debt yesterday, attempting to forestall a sharper decline on Wall Street and justify the USD and US Treasury notes as stable stores of value in this shaky global...