USD/JPY Forecast January 22, 2013, Technical Analysis
The USD/JPY pair has been one that has been very interesting lately. During the Monday session, we initially saw the pair fall, only to be fit back up and form a somewhat hammer like candle.
Category: Daily Forex Reports
USD/CAD Forecast January 22, 2013, Technical Analysis
The USD/CAD pair did very little during the session on Monday, which of course would have been expected as it was the US holiday celebrating Martin Luther King Jr.’s birthday.
GBP/USD Forecast January 22, 2013, Technical Analysis
The GBP/USD pair went back and forth during the Monday session again, as traders try to decide what to do with it. The lovely five a level has held as support so far, so this will give...
EUR/USD Forecast January 22, 2013, Technical Analysis
The EUR/USD pair did almost nothing during the Monday session. We currently sit just above the 1.33 level, and look like we are trying to consolidate between here and 1.34 or so.
AUD/USD Forecast January 22, 2013, Technical Analysis
The AUD/USD pair had a slightly positive session on Monday as the 1.05 level continues to offer support. It is because of this that we are more than willing to go along at this point as we...
Dollar Gains amid Signs of Slowdown in Global Economy
The safe-haven US dollar saw gains virtually all of its main currency rivals on Friday, as signs of a slowdown in economic growth in China, combined with disappointing British and American economic indicators encouraged risk aversion among...
AUD/JPY: Yen Maintains Dip as BOJ Easing Expectations High
Expectations that the Bank of Japan would commit to aggressive monetary policy at the end of its two-day meeting tomorrow are foreseen to continue weighing on the Yen today.
USD/JPY Forecast January 21, 2013, Technical Analysis
The USD/JPY pair managed to eke out a bit of gains during the Friday session as we closed above the 90 handle for the first time in ages. This pair looks extremely bullish, and we believe that...
USD/CAD Forecast January 21, 2013, Technical Analysis
The USD/CAD pair surged during the Friday session as we closed above the 0.99 handle for the first time in roughly 2 weeks. The markets continue to stay under parity though, and as a result we think...
GBP/USD Forecast January 21, 2013, Technical Analysis
The GBP/USD pair fell extremely hard during the session on Friday in order to test the 1.5850 level. However, we see significant support below at the 1.58 handle, and think that perhaps the downside is somewhat limited...