NZD/USD Analysis
Hello. Let’s pull up the NZD/USD hourly chart. The pair is hovering around the support level established in December 2010, however, it looks like there is more potential room for downward movement.
Month: March 2011
Bets To Be Tested
Consolidated trading was self evident across the broad markets on Wednesday as caution has begun to have an effect on currencies and bourses alike. The USD traded in tight ranges versus the majors without little to be...
10th March 2011 – FX Daily Report by GFM Research
Euro though settled marginally higher at 1.3903 against previous close of 1.3895 but under tone is likely to remain weak in near-term unless closes above 1.3990 on daily charts. Aussie Dollar, if close below 1.0027 on daily...
Traders Eye British Interest Rates
The BOE will take center stage as the British central bank is expected to hold interest rates steady. The market has priced in a 1 in 5 chance of a surprise interest rate increase at today’s meeting.
Daily FX MArket Outlook by AceTrader 10-3-2011
Market Review – 09/03/2011 20:41 GMT Euro little change after successful Portugal bond auction The single currency was little changed as the successful Portugal bond auction eased the ongoing concerns about eurozone debt woes on Wednesday. Earlier,...
GBP/USD Analysis
Hello. Let’s take a look at the GBP/USD hourly chart. We see the currency pair coming down to a pretty strong trend line. Look for the pair to potentially continue down to test the trend line (1.6100...
Forex-Metal Daily Analysis -09/03/2011
Concerns over the deteriorating debt crises in Euro-zone pressure the euro.
On Managing Expectations
Interest rates remain a focal point for investors going into to Wednesday’s trading. The USD gained on the EUR and GBP yesterday lifting the Greenback back into a bit of light. Economic data has been very light...
9th March 2011 – FX Daily Report by GFM Research
EURUSD settled lower at 1.3895 on profit booking at higher level. On daily closing below 1.3900, it can be seen testing 1.3711 in near-term. USDCHF rose after breaking key resistance of 0.9335 and may test 0.9521 in...
EUR Sees Bearishness in Overnight Trading
Euro zone debt concerns are once again back in the news and have led to a steep drop for the 17-nation single currency in overnight trading. The EUR/USD has dropped over 100 pips in the last 24...