USD/CAD Forecast December 4, 2012, Technical Analysis
The USD/CAD pair fell during most of the session on Monday, but managed to bounce back off of the support zone in the 0.99 region, and as a result we now have a hammer for the session.
Category: Daily Forex Reports
GBP/USD Forecast December 4, 2012, Technical Analysis
The GBP/USD pair had a strong showing on Monday, as the 1.6050 level got broken to the upside. This shows that the hammer that we formed during the Wednesday session of last week was no fluke and...
EUR/USD Forecast December 4, 2012, Technical Analysis
The EUR/USD pair rose during the session on Monday as the “risk on” trade was in full effect for most of the trading day. This pair looks ready to aim for the 1.3150 level again, and as...
AUD/USD Forecast December 4, 2012, Technical Analysis
The AUD/USD pair went back and forth during the session on Monday as the markets try and figure out whether or not the US Congress can come together to find a solution to the “fiscal cliff.” Because...
Daily FX Perspective December 04, 2012 – GFM Research
Market CommentaryThe Dollar Index is trading tight near the short term support of 80.00 ranges; it is currently trading at 79.90 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
NZD/USD: Dimming Outlook for Australia to Weigh on the Kiwi
The New Zealand dollar is foreseen to weaken opposite the US dollar today as a deteriorating outlook for Australia, its largest trading partner, is likewise seen to dampen prospects for the domestic economy.
Net Speculative Long in the USD Sharply Lower
CFTC Commitments of Traders (COT) Report, 27 November 2012. The net speculative position in the USD remains long, but only 3052 contracts, down from 52, 244 contracts last week. Within the composite number are some conflicting trends.
Higher-Yielding Assets Give up Gains Ahead of Busy Trading Week
Riskier currencies and commodities, including the euro and gold, reversed some of their recent gains on Friday afternoon after a credit rating downgrade of the European Stability Mechanism and European Financial Stability Fund.
Daily FX Perspective December 03, 2012 – GFM Research
Market CommentaryThe US Dollar traded mixed bag wherein it has lost against the Euro, the Swiss France but gained against the Aussie and the Japanese Yen.
USD/JPY: US Manufacturing Slump and Japan’s Lower Sales Tax Boosts the Yen
Capital Spending in Japan plunged to 2.2 percent in Q3 from the 3.7 percent forecast and the 7.7 percent reading in Q2. The fall of the nation’s Core CPIs for a sixth straight month in the year...