10th May, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | May 10, 2011 6:03 am
Dollar is trading firm after Dollar Index finding support at 72.85 (DX). The Dollar Index is expected to find support at 74.50; on the higher side 76.10 is expected to act as important resistance; weekly close beyond...

9th May, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | May 9, 2011 6:31 am
The US Dollar appreciated on the event of short covering across the board. It seems that a short-term low has been posted in the dollar index (DX) in the ranges of 72.85; multi year lows of 71.00...

6th May, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | May 6, 2011 6:23 am
The U.S Dollar got oversold against most of the major pairs resulting in short covering in the USD across the board, seems to be changing in case of the Dollar Index (DXM11) though consistently trading above 74.50...

5th May, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | May 5, 2011 5:43 am
The Cable finds support at 1.6450 ranges after three days of correction; against rest of the FX pairs, the Green back traded in narrow range. The U.S Dollar seems to be oversold in short-term; short covering may...

4th May, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | May 4, 2011 5:34 am
Cable succumbed to profit taking against the Greenback; after the Dollar Index (DX) hitting low of 72.90 ranges, the U.S Dollar stabilized against most of the FX majors; tight trading pattern was observed in EURUSD, USDJPY, USDCHF...

3rd May, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | May 3, 2011 6:43 am
U.S Dollar traded in tight zone against most of the FX majors throughout yesterday, the Dollar Index (DX) has hit lifetime low of 72.895 during yesterday’s trade; only consistent daily close above 74.60 ranges would post short-term...

2nd May, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | May 2, 2011 6:31 am
Stronger equity bourses, especially the Dow Jones Industrials (DJIA) the weakening of U.S Dollar against the majors. The Dollar Index (DX) has hit lifetime low of 73.00 during last Friday’s trade; only consistent daily close above 74.80...

28th April, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | April 28, 2011 6:23 am
With no Interest Rate by the Fed hike yesterday, the U.S Dollar tumbles to make a new low. The Greenback continued to loose against all the major pair except against the Japanese Yen. Breach of 74.00 ranges...

27th April, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | April 27, 2011 6:34 am
The U.S Dollar continues to weaken on the event of record rise in the Dow Jones Industrials (DJIA). Breach of 74.00 ranges in Dollar Index (DXM11) resulted in further weakening of the Greenback; only consistent daily close...

26th April, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | April 26, 2011 6:37 am
The U.S Dollar seems to have stabilized after previous week’s losses. The Dollar Index (DXM11) is witnessing support at 74.00 ranges though the major trend is still bearish; only consistent daily close above 75.40 ranges would post...