US Debt Ceiling Agreement in Place; Details to Come Later?
The indication that a debt deal had been struck by members of both parties in the US Congress had initially driven the value of the US dollar (USD) higher in trading yesterday morning.
Month: August 2011
AUD/USD Analysis (August 2)
After an impressive rally towards a fresh record high at 1,1080 the pair seems ready for a corrective move as the market reached the upper weekly bollinger band.
USD/CAD Analysis (August 2)
The pair might be in the process of carving out a double bottom formation on the weekly chart which would open the door to a major reversal this year.
USD/CHF Analysis (August 2)
The Swiss Franc continues to be agressively bought and the fresh low from yesterday at 77,30 confirms the strong bearish pressure on the USD/CHF.
USD/JPY Analysis (August 2)
Last session has been very active on the Japenese Yen as a whole with of course an impact on the USD/JPY.
GBP/USD Analysis (August 2)
The Cable has been rolling over ahead of the 1,65 level lately. The market is building a double top formation on the 4-hour chart.
EUR/USD Analysis (August 2)
The pair has confirmed a new fail on its daily descending trendline yesterday. The overall structure is now quite bearish with a risk of additional decline towards key level at 1,40 (daily bollinger band).
Daily FX Market Outlook by AceTrader-2-8-2011
Market Review – 01/08/2011 21:51 GMT Swiss franc sets new highs on fears of global growth slowdownThe Swiss franc rallied against the greenback and euro to fresh record highs on Monday on risk aversion as weak U.S....
Forex Metal Weekly Newsletter
Market review for 25 – 29.07, 2011
Forexpros.com Daily Analysis – 01/08/2011
ForexPros Daily Analysis August 01, 2011 NZD-USD Still Bullish, If Overextended Seemingly defying gravity, the New Zealand Dollar just keeps climbing higher. Its rally has been broad based and over the last few months, the Kiwi has...