USD/CHF Outlook
Greetings. Let’s take a look at the USD/CHF. We’re coming right down to test a strong trend line and time will only tell if the trend line will act as support.
Category: Daily Forex Reports
18th February 2011 – FX Daily Report by GFM Research
Dollar lost ground against most of the major pairs yesterday after weaker than expected US economic numbers. Jobless Claims (Initial Claims) recorded higher at 410,000 for the week ending February 12, 2011 against previous release of 383,000;...
Swiss Franc Turns Bullish as Investors Look for Safe Havens
The combination of Middle East tensions, renewed euro zone debt concerns and a poor US Unemployment Claims figure have led to substantial gains for the Swiss franc over the last 24 hours. It appears that the safe...
Forex-Metal Daily Analysis -17/02/2011
Negative rally of the euro and the pound.
Market Optimism Temporarily Pulls Down Safe-Havens
The U.S. dollar slid against the euro following a rally in global equity markets yesterday. The rally prompted investors to turn to higher yielding assets and away from safe havens like the USD. With recent market optimism,...
GBP/USD Outlook
Hello. Let’s take a look at the GBP/USD hourly chart. It seems we’re still in a small retracement from the move up from early 2011. Look for it to potentially retrace more and, once complete, look for...
17th February 2011 – FX Daily Report by GFM Research
Dow Jones posted new high of 12303.08, while continuing its choppy session this week, before settling at 12287.72. Dow Jones correlation is suggesting sideways trend to continue with undertone still remaining weak for the USD, though we...
Forex-Metal Daily Analysis -16/02/2011
British pound receives support from UK fundamentals. Asian and European trading sessions:
GBP Strength Looks to Continue
A news heavy trading day saw sharp rallies in the pound while the Aussie dollar traded lower.
16th February 2011 – FX Daily Report by GFM Research
Dow Jones (.DJIA) correlation continued to guide direction in most of the FX major pairs, though the Cable traded high against the Greenback in contrast to other pairs. The common currency settled marginally higher at 1.3496 yesterday...