USD/CAD Analysis (September 6)
The pair has now confirmed a possible long term reversal with a bounce on top of the key 0,97 level from last week.
Month: September 2011
USD/CHF Analysis (September 6)
At the end of last week, we did see the pair falling sharply after a top at 0,8250. This decline is considered though as a retracement of the previous rally.
USD/JPY Analysis (September 6)
The pair continues to trade flat above its historical low (76,00) and does not seem ready to start a meaningful bounce.
GBP/USD Analysis (September 6)
The pair has broken down below 1,61 (August low) which confirms the downside pressure.
EUR/USD Analysis (September 6)
The pair continues to slide towards the highly watch level at 1,40 which might be offering some support.
Daily FX Market Outlook by AceTrader-6-9-2011
Market Review – 05/09/2011 21:58 GMT Euro falls broadly as debt concerns mount Increasing worries about the Christian Democratic union’s most beleaguered states sent the euro lower against the dollar on Monday for the fifth day straight...
A Brief Pause for the EUR
With both the US and Canada away on holiday liquidity will be tight in the North American trading session which may allow for a brief pause in the decline of the EUR versus the USD and CHF.
Daily FX Market Outlook by AceTrader-5-9-2011
Market Review – 03/09/2011 00:05 GMT Dollar recovers after weak U.S. jobs data Although dollar weakened broadly after release of worse-than-expected U.S. non-farm payrolls report as the gloomy data fuelled expectations of possible quantitative easing by the...
USD/CAD Technical Analysis September 5, 2011
USD/CAD rose on Friday as the Non-Farm Payroll report disappointed. The Canadian economy depends on exports to the US, so a weak US means a weak Canada. However, we are below some very serious resistance areas in...
AUD/USD Technical Analysis September 5, 2011
AUD/USD fell on Friday after a weak US jobs number. The pair is a “risk on” trade typically, so this was no real surprise. However, the trend is certainly up, and we fell that the 1.05 area...