Forex Metal Newsletter
Market review for 23 – 27. 05, 2011
Tag: EURUSD
Weekly Analysis for the week of Monday May 30 to June 03 2011 by SolidityBrokers.com
May is coming to an end and once again as investors set their eyes at the US non-farm payrolls. In the last few weeks, we have seen interest rate expectations drop because of a slowdown in economic...
30th May, 2011 – Daily Forex Report by GFM Research
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.Key equity index of...
EURUSD Analysis – May 28, 2011
EURUSD might be forming a cycle bottom at 1.3969 on daily chart. Further rise is still possible next week, and target would be at 1.4500 area. However, the bounce from 1.3969 is treated as consolidation of downtrend...
27th May, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXM11) taking resistance at 76.50 ranges is lower at 75.20 ranges; weekly close below 75.00 ranges would result in continuation of the long-term dollar weakness.Benchmark equity index of the Dow Jones Industrials (DJIA) recovered...
Daily Market Review for 27/05/2011 by SolidityBrokers.com
The stock market closed higher Thursday as technology and consumer discretionary stocks countered the weight of weaker-than-forecast jobless claims and first-quarter economic growth. The Dow Jones Industrial Average finished up 8.10 points to close at 12,402.76. The...
Forex-Metal Daily Analysis -26/05/2011
Swiss frank demonstrated hit historical maximum against the euro today. Asian and European trading session: Euro: Uncertainty and lack of consensus with the Greek budget problems pressured the euro today. The EUR/USD pair showed minimums at the...
26th May, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXM11) slips again from 76.50 ranges; on the event of weaker than expected economic data, profit taking was witnessed in the dollar long positions. The Cable appreciated the most followed by the Euro and...
Forex-Metal Daily Analysis -25/05/2011
Positive Euro-zone statistics rendered temporary support for the euro.
25th May, 2011 – Daily Forex Report by GFM Research
The U.S Dollar is trading mixed, where as the Greenback is showing resilience against the Cable, the Aussie Dollar and the Common Currency are still trading weaker.The Dollar Index (DXM11) has reached major resistance zone of 76.50;...