USD/JPY Analysis (July 31)
The pair has accelerated its decline on friday after the dismal US GDP figure. The market is likely to test its 2011 low at 76,30.
Category: Daily Forex Reports
GBP/USD Analysis (July 31)
The Cable is evolving in a weekly range between roughly 1,59 and 1,66. A few weeks ago, the pair has bounced on top of the bottom of this range.
EUR/USD Analysis (July 31)
Last week, we did see the EUR/USD testing its descending trendline for the 4th time since the beginning of May.
EUR/USD; Technicals are still bullish, but…
The Euro/Usd trends (short/medium/long) are still strongly bullish, as well as the seasonal conditions. However, a move above 1.4638 is necessary to target 1.4698, 1.48 and eventually 1.50, provide the price does not fall back below 1.4470.
Forex-Metal Daily Analysis -29/07/2011
S&P downgraded Greece rating for 2 levels.
Strong Data Supports Short-Term Risk Taking in Forex Market
A short series of data released yesterday painted a relatively stronger picture for the US economy’s growth. Weekly unemployment claims saw a better than forecast rise, hitting 398,000 for the past week.
AUD/USD Technical Analysis for July 29, 2011
The AUD/USD pulled back on Thursday as traders sold off risk assets. The markets concerns with the various debt issues around the world have lead to weakness in most stock exchanges, and as such – even the...
EUR/USD Technical Analysis for July 29, 2011
The EUR/USD pair has fallen on Thursday as the traders around the world have been punishing the European bond markets. The Italian yields were rising yet again during trading, and as such, the EUR/USD has been falling.
GBP/USD Technical Analysis for July 29, 2011
The GBP/USD pair had a very quiet day on Thursday as traders are simply confused as to which way to trade as the debt ceiling talks in America continue to stall as lawmakers cannot come to a...
USD/CAD Technical Analysis for July 29, 2011
The USD/CAD pair fell and then bounced from the 0.9450 level on Thursday, perhaps suggesting that we are ready to bounce even higher.