Forex-Metal Daily Analysis -19/05/2011
British pound loses more than 100 points today.
Tag: USDJPY
19th May, 2011 – Daily Forex Report by GFM Research
The U.S Dollar starts trading weak again; unable to trade beyond 76.50 the Dollar Index (DX) succumbed to profit taking at 76.10 ranges to trade currently at 75.40. Benchmark equity index of the Dow Jones Industrials (DJIA)...
18th May, 2011 – Daily Forex Report by GFM Research
Dollar Index (DX) falls unable to trade beyond 76.50; profit taking was witnessed in the U.S Dollar across the board after the Dollar Index hit major resistance zone on 76.20-76.50 ranges to currently trade at 75.28.Benchmark equity...
Forex Metal Newsletter
Market review for 9 – 13. 05, 2011
17th May, 2011 – Daily Forex Report by GFM Research
Dollar looses shine after ten consecutive days appreciation; it seems that focus is increasing on the Fed’s decision about the interest rate decision.Benchmark equity index of the Dow Jones Industrials (DJIA) unable to trade beyond 12800 ranges...
Daily Market Review for 16/05/2011 by SolidityBrokers.com
The release of housing data and quarterly results from major retailers will likely put a double focus on consumer-driven stocks in the coming week as debt concerns loom. On Monday, the National Association of Home Builders is...
16th May, 2011 – Daily Forex Report by GFM Research
Increase in Michigan Sentiment pushes the U.S Dollar to furthers highs on Friday; the Greenback continued strengthening for the consecutive week after the Dollar Index (DX) hitting low of 72.89 ranges couple of weeks earlier.Benchmark equity index...
USDJPY Analysis – May 14, 2011
USDJPY broke above the downtrend line on daily chart, suggesting that a cycle bottom is being formed at 79.58. Further rally is expected in a couple of weeks, and target would be at 83.00 area. Support is...
Daily Market Review for 13/05/2011 by SolidityBrokers.com
Wall Street closed in green territory. American shares rose along with commodities Thursday as the dollar fell against the euro, continuing what one analyst said is Wall Street’s call for continued stimulus from the Federal Reserve. It...
13th May, 2011 – Daily Forex Report by GFM Research
With most of the asset classes especially equity bourses and commodities, finding stability in the lower ranges, the Dollar Index expected to find resistance at 76.10; only weekly close beyond 76.20 ranges would give confirmation of short-term...