Forex Metal Weekly Newsletter
Market review for 14 – 18. 02, 2011 Previous trading week started with a US dollar competitors’ weakness.
Tag: EURUSD
21st February 2011 – FX Daily Report by GFM Research
EURUSD settled higher on Friday at 1.3693 after breaking a key resistance of 1.3640. The Common Currency can rise to 1.3826 in near-term if sustains above 1.3640. We are expecting the Cable to out perform compared to...
EURUSD Analysis – February 19, 2011
EURUSD may be forming a cycle bottom at 1.3428 level on daily chart. Further rise towards 1.3861 would likely be seen, a break above this level will indicate that the uptrend from 1.2874 has resumed, then next...
18th February 2011 – FX Daily Report by GFM Research
Dollar lost ground against most of the major pairs yesterday after weaker than expected US economic numbers. Jobless Claims (Initial Claims) recorded higher at 410,000 for the week ending February 12, 2011 against previous release of 383,000;...
Forex-Metal Daily Analysis -17/02/2011
Negative rally of the euro and the pound.
17th February 2011 – FX Daily Report by GFM Research
Dow Jones posted new high of 12303.08, while continuing its choppy session this week, before settling at 12287.72. Dow Jones correlation is suggesting sideways trend to continue with undertone still remaining weak for the USD, though we...
Forex-Metal Daily Analysis -16/02/2011
British pound receives support from UK fundamentals. Asian and European trading sessions:
16th February 2011 – FX Daily Report by GFM Research
Dow Jones (.DJIA) correlation continued to guide direction in most of the FX major pairs, though the Cable traded high against the Greenback in contrast to other pairs. The common currency settled marginally higher at 1.3496 yesterday...
Forex-Metal Daily Analysis -15/02/2011
Concerns over the EC budget crises rise again. Asian and European trading sessions:
15th February 2011 – FX Daily Report by GFM Research
EURUSD continued weakness and settled at 1.3479 against previous close of 1.3547 after hitting three week’s low of 1.3428. Mixed moves were seen in remaining pairs with the Cable and Aussie Dollar showing signs of stagnation. Dow...