Forex-Metal Daily Analysis – 30/11/2011
Expectations for the meeting of the EC Ministers of Finances pushed euro up.
Month: November 2011
Fitch Warns on US Credit Rating
Citing a failure of the Congressional super committee to address the US deficit Fitch moved to change its outlook on US government debt to negative from stable.
30th November, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading at the previous resistance zone of 79.50 from where it sold off to 74.50 ranges during October. Major trend is range bound between 73.40 and 81.20 where as the medium trend is...
EUR/JPY Analysis
Greetings. Let’s take a look at the EUR/JPY. Although it does seem like the long term downtrend is still in overall control, look for the pair to potentially move up to test the 105.00 area and above.
AUD/USD Forecast Nov. 30th, 2011, Technical Analysis
The AUD/USD pair rose above the parity level on Tuesday as the commodity trade took off. The appetite for commodities was fueled by hopes of an EU workout. The pair has lost a bit off the top,...
EUR/USD Forecast Nov. 30th, 2011, Technical Analysis
The EUR/USD pair spiked originally during the session on Tuesday as traders reacted to the fact that the Italians actually managed to get their bond auction off. However, they are now paying almost 8% for the 10...
GBP/USD Forecast Nov. 30th, 2011, Technical Analysis
GBP/USD rose on Tuesday as the “risk on” trade came back into vogue. The pair rose above the 1.56 level, and looks like it wants to build on those gains as the shooting star from Monday was...
USD/CAD Forecast Nov. 30th, 2011, Technical Analysis
The USD/CAD pair fell on Tuesday and even managed to pierce the 1.03 support level before bouncing to sit right on it at the end of the session. The resulting daily candle looks very much like a...
USD/CHF Forecast Nov. 30, 2011, Technical Analysis
USD/CHF fell during the Tuesday session as the Dollar lost ground against many of the other currencies around the world. The safety trade was off on hopes of a bailout coming to the EU via the IMF,...
USD/JPY Forecast Nov. 30th, 2011, Technical Analysis
The USD/JPY pair fell during the Tuesday session as the recent surge ran into the 78.50 resistance area. The pair is undoubtedly in a downtrend, and this looks to remain the case until we can get over...