Forex-Metal Daily Analysis – 12/08/2011
Risk appetites dropped.
Month: August 2011
AUD/USD Technical Analysis for August 12, 2011
The AUD/USD pair rose again on Thursday as the trading world continues its tug-o-war on a global scale. The AUD/USD caught a bid in a risk-seeking move, and we are presently at the top of the most...
EUR/USD Technical Analysis for August 12, 2011
The EUR/USD rose for a while on Thursday, but started to pull back in the later hours as the markets continue to go back and forth around the world. The pair is still grinding lower overall, and...
GBP/USD Technical Analysis for August 12, 2011
GBP/USD bounced on Thursday as traders bought into the markets, pushing risk higher again. However, this pair is finding a little bit of trouble at the 1.6300 area. This is roughly the area that once served as...
USD/CAD Technical Analysis August 12, 2011
The USD/CAD pair fell on Thursday as the oil markets climbed, pushing the demand for Canadian dollars in the marketplace. The pair has a natural back stop in the form of parity, and the trend is certainly...
USD/CHF Technical Analysis August 12, 2011
The USD/CHF pair rose on Thursday as a SNB member mentioned the possibility of a peg to the Euro. The truth is this rise if probably going to be short-lived, and traders should be on the lookout...
USD/JPY Technical Analysis August 12, 2011
USD/JPY had a back and forth day on Thursday as traders tested the lows again, but backed off as fear of intervention certainly must come into play every time we get close to the lows. The 77...
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AUD/USD Analysis (August 12)
The pair continues to consolidate near its 200 moving average after the impressive decline from the previous days. The market has made an attempt below parity but closed above this level.
USD/CAD Analysis (August 12)
The pair remains well bid after a confirmation of the bullish resumption which resulted in a possible long term reversal (double bottom formation).