AUD/USD Technical Analysis for May 4, 2011
AUD/USD finally had a sharp drop in value today, and the market should be welcoming to that reality. The truth is that this pair needs to fall even further as the parabolic nature of the recent action...
Tag: AUDUSD
4th May, 2011 – Daily Forex Report by GFM Research
Cable succumbed to profit taking against the Greenback; after the Dollar Index (DX) hitting low of 72.90 ranges, the U.S Dollar stabilized against most of the FX majors; tight trading pattern was observed in EURUSD, USDJPY, USDCHF...
Forex-Metal Daily Analysis -03/05/2011
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AUD/USD Technical Analysis for May 3, 2011
This market is parabolic. The market had a weak day today, as the trend is having a hard time finding more buyers at these lofty levels. To say that this market could pullback is stating the obvious,...
3rd May, 2011 – Daily Forex Report by GFM Research
U.S Dollar traded in tight zone against most of the FX majors throughout yesterday, the Dollar Index (DX) has hit lifetime low of 72.895 during yesterday’s trade; only consistent daily close above 74.60 ranges would post short-term...
Forex Metal Weekly Newsletter
Market review for 25 – 29. 04, 2011
2nd May, 2011 – Daily Forex Report by GFM Research
Stronger equity bourses, especially the Dow Jones Industrials (DJIA) the weakening of U.S Dollar against the majors. The Dollar Index (DX) has hit lifetime low of 73.00 during last Friday’s trade; only consistent daily close above 74.80...
AUDUSD Analysis – April 30, 2011
AUDUSD’s bullish movement extended further to as high as 1.0976. Support is at 1.0750, as long as this level holds, uptrend from 0.9704 could be expected to continue and next target would be at 1.1200 area.
Forex-Metal Daily Analysis -28/04/2011
S&P Credit agency reduced the credit rating of Japan to negative level.
AUD/USD Technical Analysis for April 28, 2011
The AUD/USD pair skyrocketed again today as the gold markets were very bullish. The Aussie benefitted from the massive buying the gold markets saw in the afternoon as the Fed decided to continue with QE2. The pair...