AUD/USD Technical Analysis for May 3, 2011
This market is parabolic. The market had a weak day today, as the trend is having a hard time finding more buyers at these lofty levels. To say that this market could pullback is stating the obvious,...
Author: ForexMansion.com
USD/CHF Technical Analysis for May 3, 2011
The USD/CHF retested the lows today, bounced, and then promptly fell back to where it started. This only shows how much this pair is being sold off at the moment. Because of this, we cannot recommend buying...
GBP/USD Daily Fundamental Analysis for May 3, 2011
UKwill release PMI manufacturing for April with expectations showing a decline to 57.0 from 57.1. An improvement in PMI manufacturing is expected to push the pair up as it will provide clues that the British economy is...
USD/CAD Daily Fundamental Analysis for May 03, 2011
The USD/CAD pair rose on Monday after U.S. President Obama announced that U.S. troops killed Osama Bin Laden on Sunday in Pakistan, and amid the uncertainty over the outcome of the fourth election in seven years.
EUR/USD Daily Fundamental Analysis for May 03, 2011
The week started with heavy fluctuations and surprises for the EUR/USD yet the common currency maintained its strength despite the dollar’s rebound.
GBP/USD Technical Analysis for May 3, 2011
The GBP/USD fell today, although not far. The pair still looks decidedly bullish, but appears to be ready for a much needed pullback. The pair should find plenty of support at the 1.65 and 1.63 areas, and...
AUD/USD Daily Fundamental Analysis for May 3, 2011
The Australian dollar dropped against greenback during the first day trading of the week after president Obama said al-Qaeda leader Osama bin Laden has been killed.
USD/JPY Daily Fundamental Analysis for May 3, 2011
The USD/JPY pair starts the week moving to the upside, after it dropped last week to its lowest level in 5 weeks. The main reason behind the upside movement remains the risk appetite, which encourage investors to...
USD/CHF Technical Analysis for April 29, 2011
The USD/CHF fell again today, but rose from the bottoms – a place that matched the all0time lows made a few days ago. The pair still looks very weak, and any rallies should be sold. The 0.8650...
GBP/USD Technical Analysis for April 29, 2011
The GBP/USD is forming a massive shooting star today, which shows massive weakness. The truth is that there is simply too much support underneath to sell with any conviction, and that the market is likely to find...