EUR/JPY Analysis
Greetings. Let’s take a look at one of our favorite pairs – the EUR/JPY. We saw a steady move up from early in the year and now we’re looking at a potential 3 wave retracement.
Category: Daily Forex Reports
10th May, 2011 – Daily Forex Report by GFM Research
Dollar is trading firm after Dollar Index finding support at 72.85 (DX). The Dollar Index is expected to find support at 74.50; on the higher side 76.10 is expected to act as important resistance; weekly close beyond...
Greece Downgrade Holds EUR/USD at 3-Week Low
Yesterday’s downgrade of Greece by Standard and Poor’s ratings agency from B to BB- has put significant pressure on the euro zone’s common currency. The euro was holding near a three-week low versus its primary currency counterpart...
Forex Metal Weekly Newsletter
The beginning of the previous trading week saw the strengthening of the US dollar after the official announcement of the liquidation of the terrorist #1 Osama Ben Laden. Market participants were optimistic during the Asian and European...
Daily Market Review for 09/05/2011 by SolidityBrokers.com
Wall Street is expected to be largely driven by economic data next week as initial jobless claims emerge as an important barometer of U.S. economic health while corporate results take a back seat. The U.S. Labour Department...
Weekly Analysis for the week of Monday May 9 to May 13 2011 by SolidityBrokers.com
This past week was rough for stock market bulls as commodities and the S&P 500 were hit with selling pressure. The move started with CME’s increases in margin requirement for silver contracts and gave investors a prominent...
Daily Market Review for the 09.05.2011
EUR/USD Time: 08:00 Rate: 1.4404 Strategy: Short Daily time frame
Greece’s Rumored Exit from the Euro Zone Dragging EUR Lower
The German newspaper der Spiegel noted a rumor that was floating around last Friday which said Greece had considered exiting the 17-nation euro zone during one of its recent policy meetings. Though profusely denied by German and...
A Roller Coaster Ride
Last week finished with traders perhaps feeling as if they had been put on a roller coaster and trapped. The USD continued its sudden reversal on the EUR as the Greenback gained value quickly.
9th May, 2011 – Daily Forex Report by GFM Research
The US Dollar appreciated on the event of short covering across the board. It seems that a short-term low has been posted in the dollar index (DX) in the ranges of 72.85; multi year lows of 71.00...