Is the US Employment Sector Improving?
July’s ADP and NFP employment reports, released last week, both showed drastic increases in job creation, with ADP’s private sector data showing 14 consecutive months of growth.
Category: Daily Forex Reports
AUD/USD Analysis (August 12)
The pair continues to consolidate near its 200 moving average after the impressive decline from the previous days. The market has made an attempt below parity but closed above this level.
USD/CAD Analysis (August 12)
The pair remains well bid after a confirmation of the bullish resumption which resulted in a possible long term reversal (double bottom formation).
USD/CHF Analysis (August 12)
With a new intervention of the Swiss National Bank yesterday, we did see the pair sharply reversing with a 400 pips move to the upside. All the CHF pairs have surged the same way.
USD/JPY Analysis (August 12)
The pair is still under pressure threatening its yearly low at 76,30 which offered a great support lately. A break below this level would expose further significant decline.
GBP/USD Analysis (August 12)
The 1,6240 support broken on Wednesday has now become resistance and is currently being tested following yesterday’s pullback.
EUR/USD Analysis (August 12)
The pair continues to trade back and forth as there is no clear directional bias.
12th August, 2011 – Daily Forex Report by GFM Research
The US Dollar Index flat due to stabile trading witnessed in most of the equity bourses across the world. The Dollar Index is range bound between 73.40-76.70 ranges; historic correlation between the Dollar Index (DX) and the...
Support, Resistance and Range Forecast by AceTrader
INTRA-DAY USD/JPY: Last Update At 12 Aug 2011 02:18 GMT Range Forecast76.75 / 77.00 Resistance/SupportR: 77.01 / 77.30 / 77.51 S: 76.60 / 76.31 / 76.25
Daily FX Market Outlook by AceTrader-12-8-2011
Market Review – 11/08/2011 22:04 GMT Euro, dollar surge against franc as SNB considers euro peg The single currency and the greenback rose strongly against the Swiss franc on Thursday as the Swiss National Bank said it...