Forex-Metal Daily Analysis -31/01/2012
The Euro fell on expectations of started today EU summit in Brussels.
Month: January 2012
USD/CAD Forecast January 31, 2012, Technical Analysis
USD/CAD rose at first during the Monday session, but was quickly beat back down by the sellers as the trend continued to the downside. The parity level is still acting as support, but the recent action in...
AUD/USD Forecast January 31, 2012, Technical Analysis
AUD/USD fell during the session on Monday as the markets were initially weak in Asia and Europe. The Aussie is always receptive to the “risk appetite” globally, and as a result will often fall in these situations.
USD/CHF Forecast January 31, 2012, Technical Analysis
USD/CHF rose during the session on Monday as the markets bounced in the Dollar’s favor. The 0.91 level acted as support, and as a result we saw traders step in at that area.
GBP/USD Forecast January 31, 2012, Technical Analysis
GBP/USD fell on Monday, but managed a bounce late in trading to form a hammer. The 1.57 level is looking supportive at this point, and it appears that the market may want to make a run at...
USD/JPY Forecast January 31, 2012, Technical Analysis
The USD/JPY pair fell during the Monday session, and even went so far as to fall below the 76.50 level that has been so obviously supportive over the last several months.
EUR/USD Forecast January 31, 2012, Technical Analysis
EUR/USD fell during the session on Monday as the markets were in “risk off” mode again. The pair did find support at the recent 1.31 resistance level however, and this is a bullish sign now that the...
31st January, 2012 – Daily Forex Report by GFM Research
The Dollar Index tried to trade strong during the Asian session and the European session but continued last week’s fall after the Dow Industrials recovered from the lows during mid New York trade. It is trading near...
Forex Metal Weekly Newsletter
Market review for 23 – 27.01, 2012
USD Bearish Ahead of Heavy Trading Week
The US dollar closed last week on a bearish note, as it took significant losses against most of its main currency rivals, including the euro and Japanese yen. The dollar began to decline during the middle of...