Forex-Metal Daily Analysis – 05/10/2011
Asian and European trading sessions:
Tag: GBPUSD
5th October, 2011 – Daily Forex Report by GFM Research
The Dollar Index succumbed to profit booking after hitting resistance zone of 79.50; historic resistance zone is seen in the ranges of 79.20 to 80.20 to 81.30 ranges.Key equity index of the Dow Jones Industrials (DJIA) is...
4th October, 2011 – Daily Forex Report by GFM Research
Continued weakness in the equities world over led to safe haven bet on the USD which resulted in the Dollar Index appreciating beyond 79.00+ ranges. Historic resistance zone is seen in the ranges of 79.20 to 80.20...
Forex Metal Weekly Newsletter
Market review for 26 – 30. 09, 2011 Europe and its debt problems were keeping everyone under pressure last trading week. The
3rd October, 2011 – Daily Forex Report by GFM Research
Weaker asset classes has lead to run on USD which resulted in the Dollar Index appreciating to 79.00+ ranges. Historic resistance zone is seen in the ranges of 79.20 to 80.20 to 81.30 ranges.Key equity index of...
GBP/USD Analysis (October 02)
The Cable has been consolidating all week, pulling back towards the 1,57 level.
GBP/USD Technical Analysis October 3, 2011
GBP/USD had a fairly neutral day on Friday as traders bought and sold the pound in various spurts during the day. The 1.55 area looks to be supportive, but the trend is down. We feel that eventually...
GBPUSD Analysis – October 1, 2011
GBPUSD has formed a cycle bottom at 1.5327 on daily chart. The rise from 1.5327 is treated as consolidation of downtrend from 1.6617. Range trading between 1.5327 and 1.5800 would likely be seen next week. Downtrend could...
30th September, 2011 – Daily Forex Report by GFM Research
On the event of sideways trading (with weaker bias) witnessed in most of the asset classes, the Dollar Index appreciated from 77.30 ranges with stronger bias, though it is expected to find stiff resistance in the ranges...
GBP/USD Technical Analysis September 29, 2011
GBP/USD had a slightly bearish day on Wednesday, but it should be noted a lot of those losses came late in the session again. This shows that rallies cannot be trusted, and they are simply providing selling...