Forex-Metal Daily Analysis – 10/08/2011
Demand for save-heaven currencies remains high.
Category: Daily Forex Reports
Forexpros.com Daily Analysis – 10/08/2011
ForexPros Daily Analysis August 10, 2011 Euro In Wedge, Pound Broke Range, Yen Near Lows Euro: On the daily, the euro broke its short setups. The euro has now broken its short and it long setups on...
USD/CAD Technical Analysis August 10, 2011
The USD/CAD pair slammed into the parity level on Tuesday as traders sold off everything risk related. However, as the Asian markets stabilized we saw the risk trade put back on and as such, the Loonie was...
AUD/USD Technical Analysis August 10, 2011
The AUD/USD pair had a wild day on Tuesday as traders first sold off the Aussie, and then returned to buy it up later in the session. The pair even went slightly below parity for a while...
USD/CHF Technical Analysis August 10, 2011
The USD/CHF pair fell hard on Tuesday, as the global markets have been out of control. The pair even went so low as to test 0.7050, and the trend is certainly intact after Tuesday’s action.
GBP/USD Technical Analysis August 10, 2011
The GBP/USD pair had an absolutely wild day on Tuesday as trader pushed and pulled the pair, only to end the day unchanged. The recent price action suggests that the cable is happiest between 1.65 and 1.62,...
USD/JPY Technical Analysis August 10, 2011
The USD/JPY pair managed to pierce the 77 level during Asian trading, but fears of an intervention took over the psyche of the markets as traders would not push the BoJ any harder.
EUR/USD Technical Analysis August 10, 2011
EUR/USD rose as the Fed announced that it was keeping rates on hold until the middle of 2013. This sets up the USD for more weakness over time, but in the interim, the markets will continue to...
10th August, 2011 – Daily Forex Report by GFM Research
The US Dollar fell on the event of most of the asset classes finding stability at the lower ranges; most of the equity bourses find support at the week lows. The Dollar Index is heading towards the...
Federal Reserve Fails to Address Downgrade
Statements released by the Federal Reserve yesterday sparked a wave of pessimism in trading circles as no clear plans were put forth to address the financial weakness seen since S&P’s historic downgrade of the US credit rating.