Forex-Metal Daily Analysis -06/07/2011
BoE is expected to leave the principal rate at the record-breaking minimum level.
Category: Daily Forex Reports
STOR suggesting a beginning of short/mid-term bearish swing for CAD
07/06/2011 12:59 UTC CAD swings lower as it weakens against the USD, JPY, AUD, CHF and NZD. Recent mid-term strength indicator reading for CAD is 6 out of 8, thus suggesting that the current swing may be...
Forexpros.com Daily Analysis – 06/07/2011
ForexPros Daily Analysis July 06, 2011 Double Inverted Head and Shoulders in USD/CAD? At present, the daily graph of the USD-CAD must be one of the least attractive looking charts of major currencies. After reaching a low...
Daily Market & Forex Review for July 6, 2011 by SolidityBrokers.com
Equities spent Tuesday searching for a direction with two out of three exchanges finishing the day down on exceedingly light trading volume to begin the holiday-shortened week. The market has moved from being oversold, and ripe for...
6th July, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed wherein mild correction was seen in the Euro and the Aussie Dollar; though it has traded strong against the Cable, the gains faded by the end of New York close; where as...
STOR suggesting a beginning of short/mid-term bearish swing for GBP
07/06/2011 06:38 UTC GBP swings lower as it weakens against the USD, EUR, JPY, NZD, CAD and AUD. Recent mid-term strength indicator reading for GBP is 1 out of 8, thus suggesting that the current swing may...
Portugal Makes News
Tuesday started off relatively peaceful as full volume came into the markets. The EUR did trade a little weaker against the USD. Economic data coming from Europe and the U.S. proved disappointing, but not surprising considering the...
AUD Reluctant to Rise as China Hints at Rate Hike
The steady, and dovish, monetary policy of the Reserve Bank of Australia (RBA) served the Aussie with little support in this week’s market as most participants await news from China and New Zealand to determine the direction...
AUD/USD Technical Analysis July 6, 2011
The AUD/USD pair fell on Tuesday, but looked to find support at the 1.07 area. The pair is in a strong bullish market, so we prefer buying on the dips – at least until 1.05 gives way....
EUR/USD Technical Analysis for July 6, 2011
The EUR/USD fell hard in reaction to the Tuesday debt downgrade given to Portugal. The markets fell roughly 100 pips off of the announcement. However, it looks as if the 1.44 may be some kind of support,...