Daily Analysis – 31/05/2011

by | May 31, 2011 11:11 am
ForexPros Daily Analysis May 31, 2011 Euro, Pound In Unrelenting Long Setups. Yen at Resistance Euro: On the daily, the euro is in consistent measured moves long and decisively broke the short setups its been in the...

Daily Market Review for 31/05/2011 by

by | May 31, 2011 7:34 am
With the United States on holiday Monday, currency traders witnessed a relatively thin trading environment. Though debt concerns loom in the euro zone, and industrial production falters globally, the higher yielding assets like the GBP and EUR...

US Back Online, Consumer Confidence on Tap

by | May 31, 2011 6:59 am
With the United States economy coming back online following yesterday’s holiday break, the US government is scheduled to release a few minor data sets. The most impactful figure being published will be the Conference Board’s (CB) consumer...

Full Volume In Force

by | May 31, 2011 6:55 am
Full volume will return to the broad markets today a day after the U.S. and the U.K. both had holidays. The USD continued a slide on Monday against the EUR and GBP. But trading was thin at...

31st May, 2011 – Daily Forex Report by GFM Research

by | May 31, 2011 5:48 am
The Dollar Index (DXM11) after finding resistance at 76.50 ranges slipped below critical support of 75.00 ranges. Long-term bearishness in the Dollar seems to be back; consistent close below 74.50 would increase our conviction.