Greenback Marching On
The reversal for the USD continued its trend on Friday as the Greenback continued to gain value against the EUR and GBP. Commodity markets also declined before going into the weekend. The EUR started out Friday with...
Month: May 2011
16th May, 2011 – Daily Forex Report by GFM Research
Increase in Michigan Sentiment pushes the U.S Dollar to furthers highs on Friday; the Greenback continued strengthening for the consecutive week after the Dollar Index (DX) hitting low of 72.89 ranges couple of weeks earlier.Benchmark equity index...
US Dollar Opens with Solid Uptick
The US dollar opened this week moderately stronger versus the euro as traders appear to have continued nursing wounds from last week’s dizzying session. The result has been for the EUR/USD to come within reach of 1.4050...
Daily FX Market Outlook by AceTrader-16-5-2011
Market Review – 13/05/2011 20:12 GMT U.S. dollar rallies on broad-based risk aversion on Friday The single currency went through a roller-coaster session in volatile trading on Friday. Although euro weakened in Asian morning to 1.4185 as...
USDCAD Analysis – May 14, 2011
USDCAD had formed a cycle bottom at 0.9444 on daily chart. Further rise towards the downtrend line from 1.0285 to 0.9973 is expected next week, a clear break above the trend line resistance will indicate that the...
USDCHF Analysis – May 14, 2011
USDCHF had formed a cycle bottom at 0.8553 on daily chart. Further rally is still possible next week, and next target would be at 0.9000-0.9100 area. However, the bounce from 0.8553 is likely consolidation of long term...
USDJPY Analysis – May 14, 2011
USDJPY broke above the downtrend line on daily chart, suggesting that a cycle bottom is being formed at 79.58. Further rally is expected in a couple of weeks, and target would be at 83.00 area. Support is...
AUDUSD Analysis – May 14, 2011
AUDUSD is now in downtrend from 1.1011, and the fall extended to as low as 1.0520. deeper decline is expected next week, and next target would be at 1.0200-1.0300 area. Resistance is at 1.0720, as long as...
GBPUSD Analysis – May 14, 2011
GBPUSD broke below the uptrend line on daily chart, suggesting that lengthier consolidation of uptrend from 1.5344 is underway. Deeper decline is still possible next week, and next target would be at 1.6000 area. Resistance is at...
EURUSD Analysis – May 14, 2011
EURUSD’s fall from 1.4939 extended to as low as 1.4067. The pair is now in downtrend. Deeper decline could be expected next week, and next target would be at 1.3800. Resistance is at 1.4350, only break above...