EUR/USD Technical Analysis for July 1, 2011
The EUR/USD pair rose again on Thursday, but gave up some of its gains towards the end of the day. It should be noted that there is a trend line that it ran into – and failed...
Category: Daily Forex Reports
STOR suggesting a beginning of short/mid-term bullish swing for GBP
07/01/2011 07:52 UTC GBP swings higher as it strengthens against the USD, JPY, CHF, NZD and AUD. Recent mid-term strength indicator reading for GBP is 1 out of 8, thus suggesting that the current swing may be...
AUD/USD Technical Analysis for July 1, 2011
The AUD/USD pair rose again on Thursday, showing that the break of the descending triangle is confirmed. However, there is the resistance area around 1.0750 as the recent highs. The breaking of that area is massively bullish,...
USD/CHF Daily Fundamental Analysis for July 1, 2011
Thursday June 30 The Swiss franc retreated against the dollar and all high-yielding currencies for the second day amid some optimism in markets after the approval of the Greek Parliament to the five-year austerity plan needed to...
GBP/USD Daily Fundamental Analysis for July 1, 2011
Thursday June 30 The pound fell against the dollar, paring three days of advance, after the drop in consumer confidence to -25 in June compared with -21 in May, adding to speculations the sluggish second quarter growth...
EUR/USD Daily Fundamental Analysis for July 01, 2011
The euro continued to trade in the shadows of the approved austerity package from the Greek parliament and the unwinding of pessimism remains the main pillar although the rally is losing momentum.
EUR/USD at 3-Wk High as Greece Fears Ease
The EUR/USD was seen moving towards a three week high of 1.4570 yesterday after bullish economic reports pushed many investors away from the safe-haven greenback. Yesterday’s bullish PMI data from Chicago helped add to the trend of...
1st July, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXU11) depreciates for the straight fourth trading session to trade below the critical support of 74.70 on the event of recovery witnessed in the key equity index of the Dow Jones Industrials (DJIA). The...
Buyers Going Into The Weekend?
The EUR picked up a bit more ground against the USD on Thursday as investors search for its real value. The Greek government passed the second round of their austerity measures and news has circulated that German...
EUR/JPY Outlook
Greetings. Let’s take a look at the EUR/JPY. We just broke a major trendline and we’ll have to see if this trend line will now start to act as support for a rising market.