AUD/USD Technical Analysis for May 4, 2011
AUD/USD finally had a sharp drop in value today, and the market should be welcoming to that reality. The truth is that this pair needs to fall even further as the parabolic nature of the recent action...
Author: ForexMansion.com
GBP/USD Technical Analysis for May 4, 2011
The GBP/USD fell apart today, plunging under the 1.65 area. Because of this, the pair looks like it might be bearish for the immediate future. Very heavy support is still seen at 1.63, and is likely to...
USD/CAD Daily Fundamental Analysis for May 04, 2011
The USD/CAD pair was little changed on Tuesday, where the U.S. dollar slightly rose against majors, while commodity prices eased, nevertheless, a crushing victory by the Conservative party in the elections helped the Canadian dollar to gain...
EUR/USD Technical Analysis for May 4, 2011
The EUR/USD pair had a slightly bullish day today again, but the charts are starting to look a little tired at this level. It cannot be ignored that the last two days have formed shooting stars, and...
AUD/USD Daily Fundamental Analysis for May 04, 2011
The Australian dollar has weakened versus the US dollar and other major counterparts after the Reserve Bank of Australia kept rates unchanged at 4.75% for the fifth straight month, damping demand for Aussie.
EUR/USD Technical Analysis for May 3, 2011
The EUR/USD pair had a slightly bullish day today, as the market is starting to look a bit tired. The 1.49 area is proving difficult, but the trend is firmly up from here, and any move down...
GBP/USD Daily Fundamental Analysis for May 4, 2011
Investors will wait for PMI construction, mortgage approvals, and M4 money supply from the UK as of 08:30 GMT. The data may have impact on the pound’s movements versus the dollar after the drop in PMI manufacturing...
USD/CHF Daily Fundamental Analysis for May 4, 2011
The Swiss economy lacks fundamentals today, thus main highlight will be on US data. At 12:15 GMT then 14:00 GMT, the U.S economy is set to release ADP employment change where it is expected to decrease to...
EUR/USD Daily Fundamental Analysis for May 04, 2011
The EUR/USD was under negative pressure on Tuesday and moved south most of the day on a stronger dollar amid risk aversion and rising debt woes in the euro area.
USD/JPY Daily Fundamental Analysis for May 04, 2011
The Japanese yen rose against most of its major counterparts, as investors increased demand for the safe heaven currencies after fears spread over the FOREX market regarding any retaliatory terrorist attacks by al Qaeda after the death...