EUR/USD Analysis (September 13)
The pair is consolidating in the beginning of the week with market participants digesting the recent sharp decline.
Month: September 2011
13th September, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DX) continued to appreciate after finding support at 73.60 ranges on August 29, 2011 on the event of softer equity bourses across the world. Double dip depression in the US is still glooming resulting...
AUD/USD Analysis (September 12)
The pair is carving out a lower top on the weekly chart which confirms a possible long term trend reversal.
USD/CAD Analysis (September 12)
We finally saw the pair confirming a possible long term reversal with a resumption of the uptrend at the end of last week.
USD/CHF Analysis (September 12)
The recent announcement from the SNB (to set the Swiss Franc at minimum 1,20 against the Euro) has at last allowed a significant bounce on the pair which also benefits from the Dollar relative strengh.
USD/JPY Analysis (September 12)
Is it surprising to say that the Yen is always very difficult to understand and trade ? The USD/JPY is now back under pressure despite the Dollar rally…
GBP/USD Analysis (September 12)
With the risk aversion sentiment driving the market, the Cable has been weakening as well, breaking below 1,60 and now testing July low at 1,5780.
EUR/USD Analysis (September 12)
With a weekly close below key 1,40 support and July low (1,3835), the pair has confirmed a major trend reversal in 2011.
Interest Rate Statements Favor USD Gains
Interest rate statements released by the world’s leading central banks last week portrayed a global economy in crisis. Each central bank seemed to be taking a wait-and-see approach with monetary policies, holding rates steady and declaring a...
Daily FX Market Outlook by AceTrader-12-9-2011
Market Review – 10/09/2011 01:20 GMT Euro tumbles on heightened concerns over Greek default and ECB Stark’s resignation The single currency continued its descent this week and tumbled sharply to a 10 year-low against the yen and...