US Jobs Report Leads to Moderate Risk Taking
Higher-yielding assets, including the euro, Australian dollar and crude oil, saw modest gains on Friday afternoon, following a positive US jobs report that led to risk taking among investors.
Category: Daily Forex Reports
USD/JPY: Japan Stimulus Bets and Upbeat US Data Weigh on the Yen
The Japanese yen is foreseen to sustain its weakness alongside the US dollar today on continuing speculation that the Bank of Japan will ramp up efforts to revive economic growth under pressure from Prime Minister Shinzo Abe.
USD/JPY Forecast January 7, 2013, Technical Analysis
The USD/JPY pair had another strong session during the day on Friday, as the nonfarm payroll numbers of the United States came in right at consensus.
USD/CAD Forecast January 7, 2013, Technical Analysis
The USD/CAD pair went back and forth during the session on Friday as the 0.99 handle continues to be a magnet for price. However, by the end of the day the market closed below that level, and...
GBP/USD Forecast January 7, 2013, Technical Analysis
The GBP/USD pair fell during the Friday session, but found plenty of support at the 1.60 level in order to bounce and formed a nice-looking hammer. This hammer is formed essentially where you expected to be, and...
EUR/USD Forecast January 7, 2012, Technical Analysis
The EUR/USD pair had a slightly positive session for the Friday trading day, bouncing off of the 1.30 level. However, we think that the 1.3150 level above should continue to be resistant, and as a result we...
AUD/USD Forecast January 7, 2013, Technical Analysis
The AUD/USD pair fell initially during the Friday session, but 1.04 offered plenty of support and as a result we bounced hard and close of the 1.0477 level. This candle is a massive hammer, and it does...
Daily review of USD/JPY and EUR/USD
Economic news The dollar’s performance against the euro and the yen after the fiscal cliff deal The first week of the new year started with a last-minute agreement that saw many investors’ hearts trembling on whether the...
US Non-Farm Payrolls Set to Create Significant Market Volatility Today
Speculations that US lawmakers will be unable to reach an agreement to boost the nation’s borrowing limit before the government runs out of money in the next two-months, boosted safe-haven assets yesterday.
USD/JPY Forecast January 4, 2013, Technical Analysis
The USD/JPY pair initially fell during the session on Thursday as the majority of the markets looked to take profit in trades that have worked out well recently. However, we bounce quite a bit and formed a...