Forex-Metal Daily Analysis -29/02/2012
The European Central Bank allocated 500 billion euro for the European banks. Asian and European trading sessions:
Month: February 2012
ECB Refinancing Set to Generate Volatility Today
Yesterday saw little significant movement among the main currency pairs, as investors eagerly await the results of the European Central Bank’s (ECB) latest round of long-term refinancing, set to be announced today.
USD/CAD Forecast February 29, 2012, Technical Analysis
USD/CAD fell on Tuesday as the shooting star from the Monday session triggered technical selling. The area the pair is in has been very consolidative, and as long as that remains so, we see no real longer-term...
AUD/USD Forecast February 29, 2012, Technical Analysis
AUD/USD fell initially during the Tuesday session, but managed a comeback as the end of the day drew near. The resulting candle is a hammer, and it is currently pressing against the top of a bullish flag,...
USD/CHF Forecast February 29, 2012, Technical Analysis
USD/CHF fell again on Tuesday as the Dollar got sold off in American trading overall. The pair is just under the 0.90 level, and it should be said that the 6.18% Fibonacci level is in the area...
GBP/USD Forecast February 29, 2012, Technical Analysis
GBP/USD rose during the session on Tuesday as traders decided to take on a bit more risk. However, the pair is at the top of the recent consolidation, and as a result caution should be taken.
USD/JPY Forecast February 29, 2012, Technical Analysis
The USD/JPY essentially went nowhere during the session on Tuesday, but didn’t do so out of a lack of action. The pair had a reasonably decent range, but in the end finished pretty much unchanged.
EUR/USD Forecast February 29, 2012, Technical Analysis
EUR/USD rose during the session on Tuesday as the market continues to go between risk on and risk off. The LTRO results come out today, and the market expects to learn that the EU banks borrowed €500...
28th February, 2012 – Daily Forex Report by GFM Research
With the Dollar Index consistently trading below 78.40 mark, further fall to 77.20 may be expected on daily close below 78.10 ranges.Historic correlation between DX Vs DJIA is signifying USD bearishness in long-term. Dow consistently trading above...
Forex-Metal Weekly Analysis
Market review for 20 – 24.02, 2012