AUDUSD Analysis – May 7, 2011
AUDUSD dropped sharply from 1.1011, suggesting that the upward movement from 0.9704 had completed at 1.1011 already. Deeper decline would likely be seen after consolidation, and target would be at 1.0300 area.
Month: May 2011
GBPUSD Analysis – May 7, 2011
GBPUSD had formed a cycle top at 1.6745 level on daily chart. Deeper decline towards the trend line from 1.5344 to 1.5936 would likely be seen next week. As long as the trend line support holds, the...
EURUSD Analysis – May 7, 2011
EURUSD dropped sharply from 1.4939, and broke below the uptrend line on daily chart, suggesting that a cycle top had been formed. Deeper decline would likely be seen after consolidation, and next target would be at 1.4000-1.4100...
Forex-Metal Daily Analysis -06/05/2011
ECB leaves the rates unchanged. Dramatic drop of the euro.
Daily Market Review for 06/05/2011 by SolidityBrokers.com
U.S. stocks fell sharply on Thursday, extending losses into a fourth day for two of the benchmark indexes, as equities and commodities were hit after a surprise rise in jobless claims. Down for the third session this...
GBP/USD Daily Fundamental Analysis for May 6, 2011
Today, with the release of some inflation data from the United Kingdom as detailed PPI data are due at 08:30 GMT the UK ends its data release this week. However, more concentration will be on US data...
6th May, 2011 – Daily Forex Report by GFM Research
The U.S Dollar got oversold against most of the major pairs resulting in short covering in the USD across the board, seems to be changing in case of the Dollar Index (DXM11) though consistently trading above 74.50...
US Non-Farm Payrolls Data on Tap Today
With today’s Non-Farm Payroll (NFP) figure on the way, traders appear to have lost tremendous optimism about the stability of their portfolios and have temporarily shifted to safety. The US economy has so far benefited from this...
Daily FX Market Outlook by AceTrader 6-5-2011
Market Review – 05/05/2011 20:26 GMT Euro tumbles sharply as ECB’s Trichet signals ECB will not raise rates in June The single currency tanked broadly on Thursday after European Central Bank President Jean-Claude Trichet surprised the market...
Forex-Metal Daily Analysis -05/05/2011
Expectations for the ECB and BoE rate decisions. Asian and European trading sessions: