AUD/USD Technical Analysis for May 4, 2011
AUD/USD finally had a sharp drop in value today, and the market should be welcoming to that reality. The truth is that this pair needs to fall even further as the parabolic nature of the recent action...
Category: Daily Forex Reports
GBP/USD Technical Analysis for May 4, 2011
The GBP/USD fell apart today, plunging under the 1.65 area. Because of this, the pair looks like it might be bearish for the immediate future. Very heavy support is still seen at 1.63, and is likely to...
Daily Market Review for 04/05/2011 by SolidityBrokers.com
Wall Street eked out a tiny gain Tuesday, outflanking losses on the S&P 500 and Nasdaq Composite, as investors dumped energy and materials stocks and headed for the safety of bonds and telecommunications companies. The Dow Jones...
USD/JPY Analysis
Greetings. Let’s take a look at the USD/JPY. Although the trend remains bearish, look for a potential 3 wave retracement up from the low from mid-March.
EU/IMF Bailout of Portugal Announced, EUR/USD Bearish
The euro appears to have fallen mildly against a number of its currency rivals yesterday after the European Union and International Monetary Fund (IMF) announced their expected plans for a bailout of Portugal. As a result, the...
USD/CAD Daily Fundamental Analysis for May 04, 2011
The USD/CAD pair was little changed on Tuesday, where the U.S. dollar slightly rose against majors, while commodity prices eased, nevertheless, a crushing victory by the Conservative party in the elections helped the Canadian dollar to gain...
EUR/USD Technical Analysis for May 4, 2011
The EUR/USD pair had a slightly bullish day today again, but the charts are starting to look a little tired at this level. It cannot be ignored that the last two days have formed shooting stars, and...
Sterling In Focus
The broad markets remained rather tentative on Tuesday as investors continue to show weariness ahead of tomorrow’s Central Bank policy meetings via the ECB and BoE. The USD did pick up some ground against the GBP, but...
4th May, 2011 – Daily Forex Report by GFM Research
Cable succumbed to profit taking against the Greenback; after the Dollar Index (DX) hitting low of 72.90 ranges, the U.S Dollar stabilized against most of the FX majors; tight trading pattern was observed in EURUSD, USDJPY, USDCHF...
AUD/USD Daily Fundamental Analysis for May 04, 2011
The Australian dollar has weakened versus the US dollar and other major counterparts after the Reserve Bank of Australia kept rates unchanged at 4.75% for the fifth straight month, damping demand for Aussie.