Daily Market Review for the 03.05.2011
AUD/JPY Time: 22.20 Rate: 89.00 Strategy: long/short Daily time frame
Category: Daily Forex Reports
USD/CHF Technical Analysis for May 3, 2011
The USD/CHF retested the lows today, bounced, and then promptly fell back to where it started. This only shows how much this pair is being sold off at the moment. Because of this, we cannot recommend buying...
GBP/USD Daily Fundamental Analysis for May 3, 2011
UKwill release PMI manufacturing for April with expectations showing a decline to 57.0 from 57.1. An improvement in PMI manufacturing is expected to push the pair up as it will provide clues that the British economy is...
USD/CAD Daily Fundamental Analysis for May 03, 2011
The USD/CAD pair rose on Monday after U.S. President Obama announced that U.S. troops killed Osama Bin Laden on Sunday in Pakistan, and amid the uncertainty over the outcome of the fourth election in seven years.
EUR/USD Daily Fundamental Analysis for May 03, 2011
The week started with heavy fluctuations and surprises for the EUR/USD yet the common currency maintained its strength despite the dollar’s rebound.
GBP/USD Technical Analysis for May 3, 2011
The GBP/USD fell today, although not far. The pair still looks decidedly bullish, but appears to be ready for a much needed pullback. The pair should find plenty of support at the 1.65 and 1.63 areas, and...
A Cautious Approach Taken
Monday proved to be a day of cautious range trading. Although the USD fell to new lows against the EUR and GBP during the day’s session it also fought back to the ground it had started from...
EURUSD – Get Ready To Enter
EURUSD is at interesting point. We have daily trendline at 1.4787, price tested this line early today and bounced off. It is critical for price to break this trendline if it wants to move any lower. If...
3rd May, 2011 – Daily Forex Report by GFM Research
U.S Dollar traded in tight zone against most of the FX majors throughout yesterday, the Dollar Index (DX) has hit lifetime low of 72.895 during yesterday’s trade; only consistent daily close above 74.60 ranges would post short-term...
GBP/USD Analysis
Let’s pull up the GBP/USD hourly chart. We are definitely in a bullish run and it seems there is still more potential room to see more bullish action. Look for a longer term potential price of 1.7000.