Forex-Metal Daily Analysis -21/01/2011
Released Chinese data pressured the high-risk assets. Asian and European trading sessions:
Category: Daily Forex Reports
Dollar Climbs on U.S. Recovery Optimism
The U.S. dollar rose Thursday after a batch of U.S. data largely came in better-than-expected, reassuring investors that the U.S. economy continues to recover. The greenback was sharply higher against yen with USD/JPY jumping 1.2% to hit...
Daily FX Market Outlook by AceTrader 21-1-2011
Market Review – 20/01/2011 17:30 GMT The greenback rebounds broadly on strong U.S. economic data The dollar rebounded across the board on Thursday after economic data showed U.S. economic recovery was on track and the dollar index...
Forex-Metal Daily Analysis -20/01/2011
The greenback weakness pushed euro higher. Asian and European trading sessions:
The EUR/USD technical analysis and trading recommendations for January 20, 2011
4-hour timeframeThe euro is still developing a buy signal with target level at 1.3298; however, correction movement is continuing as well.
Risk Aversion Leads to USD Gains in Overnight Trading
The US dollar saw gains across the board in overnight trading. Analysts attribute the bullish greenback to a positive US Building Permits figure released yesterday, which subsequently made the dollar more attractive to investors. Today, a batch...
Daily FX Market Outlook by AceTrader 20-1-2011
Market Review – 19/01/2011 19:46 GMT Euro touches 2-month high against the dollar on easing debt worries The single currency climbed to an two-month high against the dollar on Wednesday on growing hopes that eurozone policymakers would...
Forex-Metal Daily Analysis -19/01/2011
Strong Euro-zone fundamentals supported the euro. Asian and European trading sessions:
GBP/JPY Elliott wave count and Fibonacci levels – January 19, 2011
The GBP/JPY is moving within corrective wave 4 of medium term uptrend – colored magenta in the chart. The targets of the downmove are Fibonacci retracements of 128.29-132.48, 130.43-132.48, expansions off 132.48-131.62-132.14. Supports: – 131.45 = .50...
Interest Rate Differentials Trigger Dollar Selling
The US dollar sold off today in favor of higher yielding currencies with the largest gains seen in the euro and Aussie dollar. The Canadian dollar was sold following a dovish monetary policy statement.