USD/CAD Technical Analysis for August 5, 2011
The USD/CAD skyrocketed during Thursday trading as oil markets sold off. The CAD is highly sensitive to oil pricing, and as such we think that the pair could rise even more as we try to reach parity.
Category: Daily Forex Reports
USD/CHF Technical Analysis for August 5, 2011
The USD/CHF rose, and then fell as the markets around the world were rocked on Thursday. The 0.76 level looks like it is holding the pair up at the moment, so if that area gives way –...
USD/JPY Technical Analysis for August 5, 2011
USD/JPY skyrocketed on Thursday, as the Bank of Japan intervened in the FX markets to stem the tide of Yen buying in the markets.
AUD/USD Analysis (August 5)
We have been a bit surprised by the weakness of the antipodean (Aussie and Kiwi) currencies this week. The Aussie has been under intense pressure, loosing more than 600 pips from the beginning of the week.
USD/CAD Analysis (August 5)
We were considering a bullish reversal on the pair for a few days and we think that everything is now in place to allow a continuation to the upside.
USD/CHF Analysis (August 5)
Needless to say that the pair remains under pressure considering the impressive bearish trend we see for more than a year now.
USD/JPY Analysis (August 5)
The pair has bounced significantly after the Japanese Finance Ministry intervention to curb the Yen strengh.
GBP/USD Analysis (August 5)
The pair has been under pressure after BoE rate decision and we did see the market reaching the daily moving average to draw about 38% of the previous rally started in July 12.
EUR/USD Analysis (August 5)
The pair has confirmed some bearish pressure yesterday after the statement from ECB President Trichet. We did see a break below 1,4140 (friday low) which now exposes key 1,40 support with a possible extension towards 1,3940 (daily...
Daily FX Market Outlook by AceTrader-5-8-2011
Market Review – 04/08/2011 22:38 GMT Yen tumbles on BoJ intervention The Japanese yen fell broadly against the greenback and other currencies on Thursday as Bank of Japan sold its currency to stem the yen’s recent strength....