GBP/USD Anlaysis
Greetings. Let’s take a look at the GBP/USD hourly chart. As you can see, we’re in a rising channel and we’re currently touching the bottom trend line.
Category: Daily Forex Reports
USD/JPY Analysis (July 28)
The pair continues to slide smoothly while establishing below 78,00. We might see a corrective move anytime soon given the oversold studies but we hold a bearish bias until proven otherwise.
GBP/USD Analysis (July 28)
The Cable has stalled out after a brief attempt above 1,64. For the time being, we consider this move as corrective.
EUR/USD Analysis (July 28)
The market has drawn a reversal candle yesterday which might signify the end of the bullish trend at least over the short term.
28th July, 2011 – Daily Forex Report by GFM Research
The US Dollar bounces back after depreciating for 4-5 trading sessions after the Dollar Index (DXU11) hit critical support of 73.40 ranges. Key equity index of the Dow Jones Industrials (DJIA) is trading near important support of...
Daily FX Market Outlook by AceTrader-28-7-2011
Market Review – 27/07/2011 22:01 GMT Dollar rebounds on short-covering despite continued debt limit impasseThe greenback recovered against most of its counterparts on Wednesday but remained under pressure versus the Japanese yen as politicians were no closer...
Forex-Metal Daily Analysis -27/07/2011
Speculations over the possible US default pressured the greenback.
Forexpros.com Daily Analysis – 27/07/2011
ForexPros Daily Analysis July 27, 2011 Is EUR/GBP Ready to Resume Downtrend? The Euro stabilized to some degree in days following the agreement to aid Greece for the second time. It seems that fears about possible dissolution...
Dollar Pressured As Debt Ceiling Deadline Draws Near
The dollar has been pressured as the gridlock in Washington increases with the August 2nd deadline for Congress and the President to raise the debt ceiling.
27th July, 2011 – Daily Forex Report by GFM Research
The Greenback depreciated for the second week amidst possible credit default by the US; there is a possibility that the credit rating of the world’s largest economy may be degraded from current AAA+ rating. It seems the...