USD/JPY Forecast February 12, 2013, Technical Analysis
The USD/JPY pair had another strong showing on Monday as we managed to break to new highs. Now that we are well above the 94 handle, we have to assume that the 95 handle is next, and...
Category: Daily Forex Reports
USD/CAD Forecast February 12, 2013, Technical Analysis
The USD/CAD pair shot straight up during the session on Monday, but lost most of the gains in order to close right around the 1.0050 level. This significant give back formed a shooting star for the session,...
GBP/USD Forecast February 12, 2013, Technical Analysis
The GBP/USD pair looks absolutely horrible as the pair collapsed on Monday. We’re closing towards the bottom of the candle, and this almost always means that weakness will continue.
EUR/USD Forecast February 12, 2013, Technical Analysis
The EUR/USD pair rose during the session on Monday, bouncing off of the lows that we had put in last week. However, we did give back a significant amount of the gains, so now we are left...
AUD/USD Forecast February 12, 2013, Technical Analysis
The AUD/USD pair fell hard during the session on Monday, and continued its weakness as the Australian dollar simply cannot get out of its own way. However, we think that there is quite a bit of noise...
GFM Research FX Daily Report, Feb 12, 2013
Market Commentary The Dollar Index is trading firm at 80.00 ranges on the event of most of the asset classes either nearing their respective resistance zones or correcting. The benchmark equity index of the Dow Industrials (.DJIA)...
AUD/JPY: Aussie Maintains Dip on RBA Outlook, Home Loans Decline
The Australian dollar is deemed to maintain its drop opposite the Japanese yen today after the Reserve Bank of Australia slashed its economic growth and inflation forecasts in its quarterly monetary policy statement released last Friday, suggesting...
GFM Research FX Daily Report, Feb 11, 2013
Market Commentary The Dollar Index (DX) is dwindling around 80.20 ranges on the even of the benchmark equity index of the Dow Industrials (.DJIA) trading tight at the psychological resistance of 14000 mark. Next leg of Dollar...
USD/JPY Forecast February 11, 2013, Technical Analysis
The USD/JPY pair fell during the session on Friday, but did bounce towards the end of the day at the 92.50 level. However, the weekly candle is a shooting star, and this of course suggests weakness.
USD/CAD Forecast February 11, 2013, Technical Analysis
The USD/CAD currency pair rose during the session on Friday, and managed to close above the parity level. However, we still see resistance all the way up to the 1.01 level, and will wait until that area...