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.
Category: Daily Forex Reports
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...
9th August, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed amidst huge sell in most of the asset classes especially in the equities across the world; the Dow has lost about 1000 points during the week. Equities across the world sold off...
AUD/USD Analysis (August 9)
The panic and fear surrounding the markets are directly affecting the traditional high yield currencies and thus the Aussie which continues to be under intense pressure.
USD/CAD Analysis (August 9)
Recent price actions have been very interesting and we now think that a major reversal structure is in place on the USD/CAD.
USD/CHF Analysis (August 9)
The pair continues to establish new record lows week after week with now a break below 0,75 during the asian session.