Daily Market Review for the 28.04.2011
EUR/CHF Time: 00.30 Rate: 1.2935 Strategy: long Daily time frame
Month: April 2011
USD/CAD Technical Analysis for April 28, 2011
The USD/CAD had a tough day today as traders bought in the early hours, only to sell it off again after the Federal Reserve meeting and news conference. The pair is decidedly bearish, and this was demonstrated...
USD/CHF Technical Analysis for April 28, 2011
The USD/CHF pair had a bizarre day today, first shooting higher – only to fall again. While this only proves the inherent weakness in this pair, trading this pair on the short-term charts was probably a very...
AUD/USD Technical Analysis for April 28, 2011
The AUD/USD pair skyrocketed again today as the gold markets were very bullish. The Aussie benefitted from the massive buying the gold markets saw in the afternoon as the Fed decided to continue with QE2. The pair...
USD/JPY Technical Analysis for April 28, 2011
The USD/JPY gained massively today, as the markets took off around the world. It should be noted that this pair is the weakest of all of the XXX/JPY pairs, as the USD is so weak at the...
EUR/USD Technical Analysis for April 28, 2011
The EUR/USD had a break out day today as the pair broke above the 1.47 area with conviction. Because of this, the 1.45 area can now be considered a floor of sorts, and that buying is the...
Speed Of Currencies – Fast
The effect of last night’s FOMC Statement and Press Conference was laser like on the currency markets. The USD finds itself at three year lows against the EUR, and also found itself bruised by the GBP. The...
US Dollar Takes Beating as Fed Reaffirms Record Low Rates
The US dollar took a beating yesterday following statements from the Federal Open Market Committee (FOMC) that removed any doubt on the persistence of record low interest rates. According to the FOMC report and subsequent statement by...
28th April, 2011 – Daily Forex Report by GFM Research
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...
AUD/USD Analysis
Greetings. Let’s pull up the AUD/USD hourly chart. We just saw a recent spike up and this shows the bullish sentiment is still in control. Look for more potential moves up – pontially to the 1.1100 price...