AUD/USD Technical Analysis October 11, 2011
The Aussie continued to power forward during the Monday session as traders continue to take on the “risk on” trade globally. The Aussie is very sensitive to global risk, so this move is to be expected.
Month: October 2011
USD/CHF Technical Analysis October 11, 2011
The Swiss Franc appreciated quite strongly during the Monday session as traders sold off the Dollar against almost all currencies worldwide. The move might not have been so much a nod to the Franc
GBP/USD Technical Analysis October 11, 2011
The GBP/USD pair rose on Monday as traders piled into the “risk on” trade. The market finished the New York session at the top of its recent trading range, and is now at a crossroads of sorts.
USD/JPY Technical Analysis October 11, 2011
USD/JPY continued to sit still on Monday as traders play “ping pong” with the 76 – 77 range. The Bank of Japan is currently working against appreciation of the Yen, and the USD/JPY pair is the main...
EUR/USD Technical Analysis October 11, 2011
The Euro skyrocketed against the US Dollar during the Monday session as it was announced that the German and French leaders had agreed to decide something and come up with a plan for the debt crisis, and...
11th October, 2011 – Daily Forex Report by GFM Research
The Dollar Index continued to correct on the event of stronger asset classes across the globe especially the equities. Though 76.00 ranges are expected to again act important support, 79.80 ranges are expected to act as formidable...
Bank Holidays to Cause Low Market Liquidity
US banks will be off today in observance of Columbus Day, and Canadian banks will be off for the celebration of Thanksgiving. Liquidity will likely be held to a minimum making the market unlikely to experience any...
10th October 2011 – Daily Forex Report by GFM Research
Stronger equity bourses led to profit taking in the Greenback. After the Dollar Index hit resistance zone of 79.80, long liquidation was observed; 76.00 ranges is expected to again act important support. Historic resistance is seen in...
EUR/USD Technical Analysis October 10, 2011
EUR/USD originally rose during the session on Friday as the Non-Farm Payroll numbers came out stronger than expected. However, with the ratings agencies cutting the ratings of Spain and Italy, the markets sold off later in the...
AUD/USD Analysis (October 09)
The pair remains under intense pressure over the long term but seems to have found a good support on top of 0,94 resulting in a bullish weekly candle.