Friday In The Middle East
The USD and EUR provided some fireworks on Thursday taking into context that the two found themselves well within range at the end of the day. The EUR initially began to trade weaker against the USD after...
Category: Daily Forex Reports
GBP/JPY Analysis
Hello. Let’s take a look at the GBP/JPY hourly chart. Even though we just saw a big spike up earlier today, the overall trend still potentially remains bearish.
11th March 2011 – FX Daily Report by GFM Research
US Dollar appreciated across the board on the event for profit taking in key index of Dow Jones Industrials (DJIA). Dollar Index (DX), March basis has hit critical resistance at 77.35 on NYBOT on March 10, 2011....
Daily FX Market Outlook by AceTrader 11-3-2011
Market Review – 10/03/2011 20:45 GMT Euro tumbles after Moody’s downgrades Spanish credit rating The single currency tanked in European session after Moody’s lowered Spain’s government rating on Thursday. Despite the initial brief recovery to 1.3925 in...
Forex-Metal Daily Analysis -10/03/2011
The New-Zealand interest rate was reduced for 50 basic points.
Daily Market Review for the 10.03.2011
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NZD/USD Analysis
Hello. Let’s pull up the NZD/USD hourly chart. The pair is hovering around the support level established in December 2010, however, it looks like there is more potential room for downward movement.
Bets To Be Tested
Consolidated trading was self evident across the broad markets on Wednesday as caution has begun to have an effect on currencies and bourses alike. The USD traded in tight ranges versus the majors without little to be...
10th March 2011 – FX Daily Report by GFM Research
Euro though settled marginally higher at 1.3903 against previous close of 1.3895 but under tone is likely to remain weak in near-term unless closes above 1.3990 on daily charts. Aussie Dollar, if close below 1.0027 on daily...
Traders Eye British Interest Rates
The BOE will take center stage as the British central bank is expected to hold interest rates steady. The market has priced in a 1 in 5 chance of a surprise interest rate increase at today’s meeting.