Forex-Metal Daily Analysis – 06/10/2011
The speech of Bernanke inspired the markets. The Euro showed moderate growth.
Month: October 2011
USD/CAD Technical Analysis October 6, 2011
USD/CAD broke below the shooting star that we discussed yesterday on Wednesday. As a result, a “perfect” sell signal was triggered. We understand that the 1.0650 area is a massive monthly resistance area, so shorting from here...
AUD/USD Technical Analysis October 6, 2011
AUD/USD rose on Wednesday as traders piled into the “risk on” trade. The rumors out of the EU suggest that the various countries may be working on a coordinated effort to recapitalize the banks, and that it...
USD/CHF Technical Analysis October 6, 2011
USD/CHF rose on Wednesday as traders continue to sell off the Franc. With the Swiss National Bank willing to sell it as well – this makes sense. Also, in times of concern, the Franc can no longer...
GBP/USD Technical Analysis October 6, 2011
GBP/USD had a fairly quiet day on Wednesday as traders continue to bounce around the current level, just under the 1.55 mark. The pair is most certainly bearish at this point, and it is probably oversold as...
USD/JPY Technical Analysis October 6, 2011
USD/JPY continues to bounce around in a very tight range as traders can only scalp it at this point. Wednesday was no different, and we still continue to think that buying this pair at the 76 handle...
EUR/USD Technical Analysis October 6, 2011
EUR/USD continued to bounce slightly on Wednesday as traders are willing to take a bit more risk at this point. The behind the scenes situation in the EU suggests that there is some kind of coordinated action...
Forex-Metal Daily Analysis – 05/10/2011
Asian and European trading sessions:
5th October, 2011 – Daily Forex Report by GFM Research
The Dollar Index succumbed to profit booking after hitting resistance zone of 79.50; historic resistance zone is seen in the ranges of 79.20 to 80.20 to 81.30 ranges.Key equity index of the Dow Jones Industrials (DJIA) is...
Dollar Anticipates Release of U.S. ADP Non-Farm Employment Change
The U.S. ADP Non-Farm Employment Change is the primary publication today that is set to determine the level of the USD when it is released at 12:15 GMT. The other main releases that are set to dominate...