GBP/USD Analysis
Greetings. Let’s take a look at the GBP/USD hourly chart. It seems the general trend remains bullish, however, look for more potential retracement to the downside. Look for the pair to potentially test the 1.6250 target area...
Month: May 2011
Daily FX Market Outlook by AceTrader-12-5-2011
Market Review – 11/05/2011 20:37 GMT The euro tumbles broadly on renewed concerns over financial aid to GreeceThe single currency tanked on Wednesday due to uncertainty over European leader’s willingness to offer more financial aid to Greece,...
Daily Market Analysis for May 11 2011 by SolidityBrokers.com
Wall Street tallied robust gains Tuesday to extend a winning run into a third session after Microsoft said it would buy Internet-phone company Skype for $8.5 billion. The deal bolstered expectations of more buyouts to come. The...
A Day Of Calm For Traders
The EUR reversal was put on hold as traders consolidated their positions on Tuesday and actually took the Single Currency to better values. With both Greece and other European nations saying a restructuring of Sovereign Debt is...
EUR Mixed between Debt Woes and Interest Rate Expectations
The EUR was able to hold its recent price against the US dollar as regional investors battled over the direction of the 17-nation common currency. The two ends of the spectrum were represented by those wanting to...
11th 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...
Daily FX Market Outlook by AceTrader-11-5-2011
Market Review – 10/05/2011 20:36 GMT Euro posts moderate gains on Greece’s potential new financial aid Euro swung between gains and losses on Tuesday driven by conflicting reports about a potential new deal for Greece and lots...
Forex-Metal Daily Analysis -10/05/2011
S&P reduced credit rating of Greece.
USD/JPY Daily Fundamental Analysis for May 11, 2011
The USD/JPY pair advanced slightly after the American dollar continued its upside movement against the euro and other major currencies. The Japanese yen is witnessing a correctional movement versus the dollar after last week’s surge, where the...
AUD/USD Daily Fundamental Analysis for May 11, 2011
The Australian dollar strengthened versus major currencies, especially against the U.S. dollar, after Australia recorded a trade surplus of A$1740 million during the month of March, from a previous deficit of A$205 million, more than analysts’ expectations.