GBP/USD Forecast February 4, 2013, Technical Analysis
GBP/USD had a horrible showing on Friday, as we slammed all the way down to the 1.57 handle. If there was going to be any serious fight by the bulls down at this level, Friday proved that...
Category: Daily Forex Reports
EUR/USD Forecast February 4, 2013, Technical Analysis
The EUR/USD pair rose again during the Friday session as the nonfarm payroll numbers in America came out pretty much as expected. This being said, we have broken above the 1.350 level, which of course was an...
AUD/USD Forecast February 4, 2013, Technical Analysis
The AUD/USD pair fell during the Friday session as the Aussie continues to underperform. The market has been consolidating between the 1.02 and 1.06 levels, and has a “midpoint” of 1.04 to guide the markets.
AUD/USD: Projected Strong NFP Figure Seen to Revive Fed Pullback Talks
The US dollar is foreseen to gain opposite the Australian dollar today on views that an expected buoyant Non-Farm Payrolls report could spur the Federal Reserve to start considering a rollback of its easy monetary policy.
Is the Yen Still a Sale?
Forex traders who correctly anticipated the yen was going to fall against other currencies have had a good month. At the beginning of January, the USD/JPY was trading just under 87¥ to the USD. By the end...
All Eyes on US Employment Data Today
The euro saw a temporary downward correction during morning trading yesterday, following a worse than expected German retail sales figure that caused investors to shift their funds to safe-haven assets.
USD/JPY Forecast February 1, 2013, Technical Analysis
The USD/JPY pair rose during the session on Thursday as the Yen continues to weaken against almost everything its used to buy. The pair has broken out, and the 90 handle should now continue to offer support...
USD/CAD Forecast February 1, 2013, Technical Analysis
The USD/CAD currency pair fell rather strongly during the Thursday session as we broke the bottom of the shooting star from Wednesday. If you watched yesterday’s video, you know that we had suggested that a break down...
GBP/USD Forecast February 1, 2013, Technical Analysis
The GBP/USD pair rose during the session on Thursday, as the selloff has abated, and the 1.58 area is starting to show real strength. Because of this, we think that the analysis that we have been going...
EUR/USD Forecast February 1, 2013, Technical Analysis
The EUR/USD pair initially fell during the Thursday session, but found enough buyers to push the market back up and form a hammer. This hammer since just below the 1.36 level, and we believe that the Friday...