Forex Major Currencies Outlook (February 20, 2013)
USD: Bullish The U.S. dollar could be in for a bit of consolidation against its major currency counterparts until the big reports are released during the New York session.
Category: Daily Forex Reports
Trade Setup for the Day: Long NZD/USD (February 20, 2013)
NZD/USD’s uptrend is still intact as the rising channel on the 4-hour chart seems to be holding. The pair just tested the top of the channel last week when New Zealand released stronger than expected quarterly retail...
USD/JPY Forecast February 20, 2013, Technical Analysis
The USD/JPY pair had a very quiet session on Tuesday as the market essentially hovered around the 93.50 level. This market looks like it’s trying to go sideways for the short term, possibly even with a downward...
USD/CAD Forecast February 20, 2013, Technical Analysis
The USD/CAD pair managed to break above the 1.01 level again for the session on Tuesday, and even managed to break above the highest from the Monday session.
GBP/USD Forecast February 20, 2012, Technical Analysis
The GBP/USD pair fell after initially trying to rally to get above the 1.55 handle on Tuesday. However, this failure led to a lower low, as we broke the bottom of the neutral candle from Monday.
EUR/USD Forecast February 20, 2013, Technical Analysis
The EUR/USD pair rose during the session on Tuesday as the 1.3350 level has acted as support. This market does look like it wants to consolidate between the 1.33 level and the 1.350 area, and as a...
AUD/USD Forecast February 20, 2013, Technical Analysis
The AUD/USD pair had a strong showing on Tuesday, after the RBA minutes came out suggesting that the Aussie economy was doing a little better than anticipated. However, we still see a significant barrier of resistance just...
AUD/JPY: Aussie Rises as RBA Minutes Scale Down Rate Cut Expectations
The Australian dollar is deemed to sustain its gains opposite the Japanese yen today after the Reserve Bank of Australia said it saw signs that low interest rates are starting to stimulate the economy, managing to scale...
GFM Research FX Daily Report, Feb 20, 2013
Market Commentary The US Dollar traded mixed wherein it has depreciated against the Euro and the Aussie but continued to appreciate against the Sterling and the Japanese Yen. Dollar Index (DX) finds resistance near 81.00 ranges; further...
Speculators Continue to Cover USD Short Position
CFTC Commitments of Traders (COT) Report, published 15 February 2013. There was about a 58K contract reduction in the combined net short position in the USD. The biggest reduction was in the Australian Dollar where the reduction...