Forex-Metal Daily Analysis – 26/08/2011
Demand for the high-risk assets drops.
Category: Daily Forex Reports
26th August, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading flat amidst stable trading observed in most of the asset classes, especially in the equity markets across the World. The Dollar Index is range bound between 73.40-74.50 ranges in the short-term and...
Jackson Hole Symposium Generating Volatile Swings
Federal Reserve Board Chairman Ben Bernanke’s testimony during the weekend Jackson Hole Symposium is expected to cause a stir in forex markets at this week’s closing with expectations for an update on the speculated third round of...
AUD/USD Technical Analysis August 26, 2011
AUD/USD fell after first rising on Thursday. The pair failed to stay above the 1.05 level again, and it appears that the path of least resistance is down at this point. However, with the Jackson Hole announcement...
EUR/USD Technical Analysis August 26, 2011
The EUR/USD pair fell slightly on Thursday as traders sold off risk in the global stock markets. The Europeans adding more short selling bans in their stock markets show exactly how desperate the situation is becoming in...
GBP/USD Technical Analysis August 26, 2011
The GBP/USD pair fell on Thursday, continuing a move that started on Wednesday. The pair looks extraordinarily weak, as it keeps falling. The 1.6250 area should serve as some kind of minor support, but this latest move...
USD/CAD Technical Analysis August 26, 2011
The USD/CAD pair fell, and then found support at the 0.9800 level on Thursday. The pair is bearish overall, but over the course of the last couple of weeks has found a bid. The oil markets and...
USD/CHF Technical Analysis August 26, 2011
The USD/CHF pair fell slightly during the Thursday session as the 0.8000 level continues to be massively resistive. The Swiss National Bank is below, and willing to support this pair by weakening their own currency.
USD/JPY Technical Analysis August 26, 2011
The USD/JPY pair finally closed above the 77 level on Thursday, as traders are starting to shed the Yen. The US Treasury yields have been rising as of late and this pair is starting to show money...
AUD/USD Analysis (August 26)
The pair continues its pullback after an important breakout of a long term ascending trendline. The market is now meeting a strong resistance with the daily 20 descending moving average which reminds us that the short term...