Forex-Metal Daily Analysis -31/05/2011
The New-Zealand dollar hits record-breaking maximum.
Tag: USDCHF
31st May, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXM11) after finding resistance at 76.50 ranges slipped below critical support of 75.00 ranges. Long-term bearishness in the Dollar seems to be back; consistent close below 74.50 would increase our conviction.
Forex Metal Newsletter
Market review for 23 – 27. 05, 2011
30th May, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXM11) after finding resistance at 76.50 ranges slipped below critical support of 75.00 ranges. Long-term bearishness in the Dollar seems to be back; consistent close below 74.50 would increase our conviction.Key equity index of...
USDCHF Analysis – May 28, 2011
After consolidation, USDCHF continued its downward movement from 1.1730, and reached as low as 0.8465. Further fall could be expected in a couple of weeks, and next target would be at 0.8300 area. Key resistance is now...
27th May, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXM11) taking resistance at 76.50 ranges is lower at 75.20 ranges; weekly close below 75.00 ranges would result in continuation of the long-term dollar weakness.Benchmark equity index of the Dow Jones Industrials (DJIA) recovered...
Forex-Metal Daily Analysis -26/05/2011
Swiss frank demonstrated hit historical maximum against the euro today. Asian and European trading session: Euro: Uncertainty and lack of consensus with the Greek budget problems pressured the euro today. The EUR/USD pair showed minimums at the...
26th May, 2011 – Daily Forex Report by GFM Research
The Dollar Index (DXM11) slips again from 76.50 ranges; on the event of weaker than expected economic data, profit taking was witnessed in the dollar long positions. The Cable appreciated the most followed by the Euro and...
Forex-Metal Daily Analysis -25/05/2011
Positive Euro-zone statistics rendered temporary support for the euro.
25th May, 2011 – Daily Forex Report by GFM Research
The U.S Dollar is trading mixed, where as the Greenback is showing resilience against the Cable, the Aussie Dollar and the Common Currency are still trading weaker.The Dollar Index (DXM11) has reached major resistance zone of 76.50;...