Central Bank Meetings Galore
Central bankers and politicians were the drivers of the FX markets last week and this will likely continue this week. There are 9 central bank meetings on the economic calendar with the most important being the ECB...
Month: December 2011
5th December, 2011 – Daily Forex Report by GFM Research
On Friday the Dollar Index traded weak for most part of the European session but mild weakness in the benchmark equity index of Dow Jones resulted in the Greenback surge. Major trend is range bound between 73.40...
USDCAD Analysis – December 3, 2011
USDCAD is now in downtrend from 1.0523. Further fall could be expected in a couple of weeks, and next target would be at 0.9800 area. Resistance is at 1.0250, as long as this level holds, downtrend will...
USDCHF Analysis – December 3, 2011
After breaking above 0.9314 previous high, USDCHF pulled back from 0.9329, suggesting that a cycle top is being formed on daily chart. Deeper decline would likely be seen next week, and target would be at 0.8850 area....
USDJPY Analysis – December 3, 2011
USDJPY continued its sideways movement in a range between 75.57 and 79.52. Another fall towards 75.57 previous low would likely be seen over the next several weeks.
AUDUSD Analysis – December 3, 2011
AUDUSD bounced strongly from 0.9663, and the rise extended to as high as 1.0327, suggesting that a cycle bottom had been formed on daily chart, and the fall from 1.0751 had completed. Further rise would likely be...
GBPUSD Analysis – December 3, 2011
GBPUSD stays within a downward price channel on daily chart, and remains in downtrend from 1.6164. As long as the channel resistance holds, downtrend could be expected to continue, and another fall towards 1.5272 is still possible...
EURUSD Analysis – December 3, 2011
Being supported by 1.3146 previous low, EURUSD rebounded from 1.3212. However, the bounce would possibly be consolidation of downtrend from 1.4246, one more fall to re-test 1.3146 support is still possible next week, a breakdown below this...
AUD/USD Forecast December 5, 2011, Technical Analysis
The AUD/USD pair struggled on Friday as the market sold off in general. The Thursday session produced a hammer, and the Friday session formed a shooting star – effectively stating that the pair is confused and could...
EUR/USD Forecast December 5, 2011, Technical Analysis
EUR/USD rose initially on Friday as optimism gripped the markets once again. However, the 1.35 level has proven that it will attract sellers as the pair approaches it, and the candle was red at the end of...