AUD/USD Forecast January 15, 2013, Technical Analysis
The AUD/USD pair had a positive showing on Monday, but still remains well underneath the massive resistance barrier that needs to break in order to truly become a bullish proposition.
Category: Daily Forex Reports
GFM Research – FX Daily Report, January 15, 2013
Market Commentary The US Dollar traded mixed wherein it has traded weak against the Euro and the Aussie; continued to appreciate against the Japanese Yen and traded flat against the Cable. The Dollar Index is trading at...
Weekly Review (07 – 11.01.2013) – The euro rises sharply after ECB’s press conference
The euro appreciated significantly against other major currencies after ECB President Mario Draghi announced at a news conference on Thursday that the bank’s decision to keep its key interest rate unchanged was taken unanimously by the bank’s...
Euro Bullish Ahead of Busy Trading Week
The euro saw bullish movement against most of its main currency rivals on Friday, as investor confidence in the EU economic recovery remained high after the European Central Bank left interest rates unchanged earlier in the week.
AUD/JPY: Japanese PM Abe Piles on the Pressure
Comments from Japanese and Australian leaders over the weekend are deemed to sustain the bullish trend of the AUDJPY to begin the new trading week. Japanese Prime Minister Shinzo Abe continued to call on the Bank of...
USD/JPY Forecast January 14, 2013, Technical Analysis
The USD/JPY pair initially pulled back during the Friday session, but got a bit of a bounce as usual and formed a nice-looking hammer at the top of the massive green candles from Wednesday and Thursday.
USD/CAD Forecast January 14, 2013, Technical Analysis
The USD/CAD currency pair fell during the session on Friday, but found the 0.98 handle supportive as usual and bounced enough to form a hammer. The hammer isn’t exactly the most perfect looking hammer, but it does...
GBP/USD Forecast January 14, 2013, Technical Analysis
The GBP/USD pair fell during the Friday session, but bounced enough in order to form a hammer by the end of the session. We are well above the 1.61 handle, and the bullish move from Thursday appears...
EUR/USD Forecast January 14, 2013, Technical Analysis
The EUR/USD pair shot through the 1.33 level during the Friday session, in order to breakout and above a massive resistance. Having said that, we expect quite a bit of noise all the way to the 1.35...
AUD/USD Forecast January 14, 2013, Technical Analysis
The AUD/USD pair tried to break above the 1.06 handle again on Friday, but failed just as it did on Thursday. After that, we solve quite a bit of a selloff, but recognize the fact that the...