AUD/USD Technical Analysis August 8, 2011
The AUD/USD had a fairly flat day in the markets as the day ended up almost unchanged on Friday. The low on Friday ended up being a fresh lower low, and that tells us that more than...
Category: Daily Forex Reports
USD/CHF Technical Analysis August 8, 2011
The USD/CHF pair had a wild day during the Friday session, but eventually ended up fairly unchanged in the end. The pair is a “sell only” pair as far as we are concerned, and as such are...
GBP/USD Technical Analysis August 8, 2011
The GBP/USD pair rose on Friday, as the Non-Farm Payroll numbers came out with an addition of 117,000 jobs in July.
USD/JPY Technical Analysis August 8, 2011
The USD/JPY pair fell on Friday as traders sold the Dollar off in the US session. The pair is decidedly bearish, but let us not forget that the Bank of Japan intervened recently.
EUR/USD Technical Analysis August 8, 2011
The EUR/USD pair rose on Friday as traders dumped the USD around the markets. The pair stopped short of the 1.4350 area. The pair has been very volatile, and as such hasn’t been one of our favorite...
5th August, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed amidst huge sell in most of the asset classes; after the intervention in the Swiss Franc, BoJ has intervened to weaken the Japanese Yen. The Dollar Index again took support in the...
US Non-Farm Payrolls on Tap Today
Most significant on today’s calendar will be the US publication of its Non-Farm Payrolls (NFP) data. Should today’s news foreshadow a modest growth in the largest economy’s employment sector, an assessment that seemed nigh impossible just days...
AUD/USD Technical Analysis for August 5, 2011
The AUD/USD pair fell apart on Thursday as traders ran from anything risk-related. The 1.05 area is starting to give way, and if they do – 1.02 will be in the cards almost right away.
EUR/USD Technical Analysis for August 5, 2011
The EUR/USD pair fell on Thursday as the trading community ran for the hills. The ECB basically said nothing at its conference call on Thursday, and that spooked the markets.
GBP/USD Technical Analysis for August 5, 2011
GBP/USD fell precipitously on Thursday as traders found nothing but a wall of fear out there. The markets have turned decidedly bearish, and the Dollar is a bastion of safe haven trading. The jobs report us due...