GBP/USD Analysis (September 12)
With the risk aversion sentiment driving the market, the Cable has been weakening as well, breaking below 1,60 and now testing July low at 1,5780.
Category: Daily Forex Reports
EUR/USD Analysis (September 12)
With a weekly close below key 1,40 support and July low (1,3835), the pair has confirmed a major trend reversal in 2011.
Interest Rate Statements Favor USD Gains
Interest rate statements released by the world’s leading central banks last week portrayed a global economy in crisis. Each central bank seemed to be taking a wait-and-see approach with monetary policies, holding rates steady and declaring a...
Daily FX Market Outlook by AceTrader-12-9-2011
Market Review – 10/09/2011 01:20 GMT Euro tumbles on heightened concerns over Greek default and ECB Stark’s resignation The single currency continued its descent this week and tumbled sharply to a 10 year-low against the yen and...
USD/CAD Technical Analysis September 12, 2011
USD/CAD rose on Friday as traders sold off the risk currencies around the world. The oil markets dipped as well, and this always spells trouble for the Loonie.
AUD/USD Technical Analysis September 12, 2011
The AUD/USD fell on Friday, as did all risk-related currencies. However, the AUD is a bit insulated as there is massive demand for gold at the moment, and Australia has plenty of it.
USD/CHF Technical Analysis September 12, 2011
The USD/CHF pair rose on Friday, and continues to hover above the 200-day moving average. Most traders recognize a breaking of the 200-day moving average as a trend change, and we certainly noticed the breaking of the...
GBP/USD Technical Analysis September 12, 2011
The GBP/USD pair fell hard on Friday after forming shooting star candles the previous two sessions. As we mentioned before, this is a bearish sign, and it finally triggered on Friday to produce sell signals.
USD/JPY Technical Analysis September 12, 2011
The USD/JPY fell after first rising during the Friday session to form a hammer just above the all-important 77 handle. Because of this, we are getting more and more interested in perhaps going long this pair.
EUR/USD Technical Analysis September 12, 2011
The EUR/USD pair finally came undone during the Friday session, and we have had a major breaking of support as a result. The pair smashed through the last of the support that it had, and as a...