AUD/USD Forecast January 24, 2013, Technical Analysis
The AUD/USD pair fell during most of the session on Wednesday, but bounced that the 1.0530 level in order to form a bit of a hammer. With this being said, it does look like a market that’s...
Category: Daily Forex Reports
AUD/CAD: Loonie Falters to Aussie After Earlier Gains
After failing to surpass the 1.0500 mark and falling 53 pips in earlier exchanges, the Aussie-Loonie pair is making another hike. The Canadian dollar is projected to pare earlier gains from its Australian counterpart as investor sentiment...
Yen Sees Significant Gains Following BOJ Decision
The yen saw significant gains against both the euro and US dollar throughout yesterday’s trading session, after the Bank of Japan announced that their measures to increase inflation were not quite as strong as forecasted.
USD/JPY Forecast January 23, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, after the Bank of Japan announced its plans for monetary easing. It wasn’t really a matter of being disappointed, more of a “sell on the news” type of...
USD/CAD Forecast January 23, 2013, Technical Analysis
The USD/CAD pair initially rallied during the session on Tuesday, but found the 0.9950 level far too resistant yet again. Because of this, we formed a candle that looks somewhat like a shooting star it certainly looks...
GBP/USD Forecast January 23, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Tuesday, but essentially ended up flat. The 1.58 level just below should be massively supportive, as it was the top of the ascending triangle that sent...
EUR/USD Forecast January 23, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session on Tuesday, but closed well above the 1.33 handle. This shows us that 1.33 should continue to offer support, and that the real risk in this pair...
AUD/USD Forecast January 23, 2013, Technical Analysis
The AUD/USD pair had a strong showing on Tuesday after the slightly bullish candle on Monday. We are now at the very top of the range, which of course is bordered by the 1.06 handle which has...
EUR/JPY: Euro Seen to Gain as Investor Surveys Deemed to Offer Hope
The Euro is deemed to regain its strength opposite the Japanese yen today as the ZEW reports due today are deemed to underscore improving prospects for the Euro Zone economy as it attempts to emerge out of...
EU, US News Forecasted to Create Market Volatility Today
The yen came off a recent 2 ½ year low against the US dollar yesterday, as investors spent the day speculating about the possible steps the Bank of Japan was willing to take to increase inflation.