JPY & AUD – A Well Trained Dance
Like a well practiced song the JPY finds itself back in the stronger depths of its water versus the USD as Asian traders have once again shown a well trained ability to seek risk adverse positions when...
Category: Daily Forex Reports
EUR Being Sold ahead of ECOFIN Meeting
The main concern in Europe lately has been the possible spread of the debt contagion which was meant to be contained by the financial bailout of Ireland. These debt concerns appear to have not yet subsided and...
GBP/USD Outlook
Hello. We hope everyone did well for NFP. Let’s pull up the GBP/USD hourly chart. It looks like the longer term trend for the GBP/USD will remain bearish. Look for a longer term target price of 1.5000...
Daily FX Market Outlook-7-12-2010 by AceTrader
Market Review – 06/12/2010 21:40 GMT Euro falls as European officials split on bailout fund increase The single currency remained under pressure on Monday as European officials showed divisions over the expansion of the eurozone bailout fund.
Candlestick analysis of the AUD/USD for December 06
Earlier on a daily graph the AUD/USD has developed the combination of candlesticks Bullish Engulfing that indicates the uprising movement, confirmed further.
Forex-Metal Market review for 29.11 – 03.12.2010
The previous week was marked by the greenback new 2-months maximum. And the week has already started with sharp drop of the euro. According to the released information, European officials offered Ireland an 85 billion euro bailout. The concerns...
Forexpros.com Daily Analysis – 06/12/2010
ForexPros Daily Analysis December 06, 2010 Euro: Daily: Euro is reacting to 50% short at 1.3378 (line in sand 1.34749, with target at 1.27715). See if it holds. The only other major resistance level is the full...
A Return to Riskier Currencies
AUDUSD The Australian dollar bounced smartly on Friday, bringing levels up to a critical region. Prices stopped right at the 61.8% Fibonacci retracement which often provides significant resistance. The rally stopped just shy of the very strong...
USD, EUR, & Gold – Risk Appetite To Be Tested
The broad markets turned in another complicated day before going into the weekend as the U.S. Non Farm Employment Change turned in a dramatically disappointing figure which showed a gain of only 39k (a far cry from...
GBP – Better But Mixed Data Still Around
While the USD and EUR both are faced with serious questions, the GBP is not far behind when it comes to mixed economic data. Today the BRC Retail Sales Monitor will be published. Tomorrow the U.K. will...