Forex-Metal Daily Analysis -02/02/2011
Increased demand for the high-risk assets pressures the greenback. Asian and European trading sessions:
Tag: USDJPY
02-Feb-2011 – FX Daily Report by GFM Research
Dollar extended its loss against euro and settled at 1.3828 yesterday after making days low of 1.3843. US stocks and Dow Jones advanced yesterday after ISM manufacturing Index beat estimate. Dow Jones Industrial Average made new high...
Forex-Metal Daily Analysis -01/02/2011
Instability in Egypt influences the market. Asian and European trading sessions:
USDJPY Analysis – January 29, 2011
USDJPY moved sideways in a range between 80.30 and 84.50. Support is at 81.85, a breakdown below this level could trigger another fall towards 80.30 previous low. However, as long as 81.85 support holds, one more rise...
S&P Cuts Japan’s Credit Ratings; Yen Falls in Response
Yesterday’s most significant economic news was clearly the S&P’s announcement that Japan’s credit ratings will be downgraded from AA- to AA. The Japanese yen saw sharp falls against all the major currencies in response. In addition, disappointing...
Forex-Metal Daily Analysis -27/01/2011
FOMC meeting decision. Asian and European trading sessions:
Forex-Metal Daily Analysis -26/01/2011
Risk appetite is suppressed. Asian and European trading sessions: Euro: On Tuesday the EUR/USD pair traded at the $1,3690 level during the Asian trading session. Minimums were reached at the $1.3578 mark. British Pound: Today the sterling...
Forex-Metal Daily Analysis -25/01/2011
Collapse of the political coalition of Ireland supported the greenback. Asian and European trading sessions:
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USDJPY Analysis – January 22, 2011
USDJPY formed a cycle bottom at 80.93 level on daily chart. Further rise to 85.50 area to reach next cycle top is possible next week. Support is at 81.85, a breakdown below this level will indicate that...