EUR/USD Technical Analysis August 9, 2011
The EUR/USD pair fell on Monday, continuing the downward pressure that we have seen in this market for a while. The two purple lines on the chart point out how this pair has gradually fallen over the...
Month: August 2011
Forex daily review- 09.08/2011
Important announcements for today: 09.30 (GMT+0) GBP – Industrial production 13.15 (GMT+0) CAD – Housing starts 17.15 (GMT+0) USD – Federal Funds Rate 17.15 (GMT+0) USD – FOMC Statement
Moody’s Defends US AAA Debt Rating
Moody’s Investor Services defended the AAA rating of US debt yesterday, attempting to forestall a sharper decline on Wall Street and justify the USD and US Treasury notes as stable stores of value in this shaky global...
9th August, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed amidst huge sell in most of the asset classes especially in the equities across the world; the Dow has lost about 1000 points during the week. Equities across the world sold off...
AUD/USD Analysis (August 9)
The panic and fear surrounding the markets are directly affecting the traditional high yield currencies and thus the Aussie which continues to be under intense pressure.
USD/CAD Analysis (August 9)
Recent price actions have been very interesting and we now think that a major reversal structure is in place on the USD/CAD.
USD/CHF Analysis (August 9)
The pair continues to establish new record lows week after week with now a break below 0,75 during the asian session.
USD/JPY Analysis (August 9)
The effect of the BoJ intervention was short-lived with the pair stalling out ahead of its key 80,00 level and now back under pressure.
GBP/USD Analysis (August 9)
As long as 1,6220 is not broken, we will consider a possible bullish resumption after a 38% retracement of the recent rally started in July 12.
EUR/USD Analysis (August 9)
The pair is being well capped by its daily descending trendline after a new fail below 1,44 yesterday.