USD/CAD Technical Analysis for May 12, 2011
The USD/CAD fell on Wednesday, and then rose. All of this is predicated on the wild ride oil had as the US announced it had plenty in storage. The 0.97 level is still major resistance, and will...
Month: May 2011
USD/CHF Technical Analysis for May 12, 2011
The USD/CHF rose on Wednesday trading, clearing the 0.88 mark – its first resistance level to worry about since the bounce started. The markets will certainly be watching the 0.90 area, as it is a much stronger...
USD/JPY Technical Analysis for May 12, 2011
The USD/JPY rose on Wednesday, only to fall back down, forming a doji. The pair is just above the all-important 80 level, and looks like it could be winding up for a move to the upside. We...
USD/JPY Daily Fundamental Analysis for May 13, 2011
The USD/JPY pair is trading within a consolidation area since the beginning of the week, where the U.S. dollar is gaining against majors and the Japanese yen is trying to maintain its gains against the dollar.
AUD/USD Daily Fundamental Analysis for May 13, 2011
The Australian dollar dropped sharply on Thursday morning against major trading partners and especially versus the U.S. dollar after the Australian employers unexpectedly cut jobs during the month of April, the most since 2009.
Forex-Metal Daily Analysis -12/05/2011
Tension in Greece is escalating, which pressures the euro.
In The Wink Of An Eye
Volatility came back into the broad markets in the wink of an eye on Wednesday. The markets maintained a steady stance for most of the day, but as the American session began to get underway in earnest...
Daily Market Review for 12/05/2011 by SolidityBrokers.com
Wall Street closed in red territory on Wednesday. U.S. stocks dropped sharply as commodities stumbled and the euro’s decline further frayed investors’ nerves. After dropping as much as 183 points, the Dow Jones Industrial Average closed down...
US Hoarding Oil to Help Ease Gas Prices?
Oil prices dropped sharply yesterday with the New York Mercantile Exchange session closing just below the $98 price mark. US oil stockpiles rose over 3 million barrels for the second week in a row, marking a significant...
12th May, 2011 – Daily Forex Report by GFM Research
Dollar is trading firm after Dollar Index finding support at 72.85 (DX). The Dollar Index is expected to find support at 74.50; on the higher side 76.10 is expected to act as important resistance; weekly close beyond...