USD/CAD: Limited Gains on Greek Debt Accord and Durable Goods Orders
With market elation over a Greek debt agreement, risk sentiment is anticipated to push the Canadian dollar to further gains opposite its currency neighbor, US dollar.
Category: Daily Forex Reports
US News Expected to Impact Marketplace Today
The marketplace was relatively quiet throughout the European session yesterday, as cautious investors were hesitant to open new positions during a meeting of euro-zone finance ministers discussing a new round of bailout funds for Greece.
USD/JPY Forecast November 27, 2012, Technical Analysis
The USD/JPY pair fell during the session on Monday, as traders took profits. The market has been a short nearly stronger the last couple of sessions, and as such a rest or even a pullback really wouldn’t...
USD/CAD Forecast November 27, 2012, Technical Analysis
The USD/CAD currency pair initially rose during the session on Monday, but failed to keep its gains and formed a shooting star as a result. This shooting star is just above the 0.99 level, an area that...
GBP/USD Forecast November 27, 2012, Technical Analysis
The GBP/USD pair fell during the session on Monday, but got a nice bounce off of the 1.60 area in order to form a hammer. This market looks like it’s beginning to get ready to rise again,...
EUR/USD Forecast November 27, 2012, Technical Analysis
The EUR/USD pair fell initially during the Monday session but bounced in order to form a hammer. This hammer is at the top of a significant move higher, so it can be considered a sign of continuation.
AUD/USD Forecast November 27, 2012, Technical Analysis
The AUD/ USD pair fell on Monday initially, but bounced in order to form a nice-looking hammer. This hammer suggests that we are going to break through the 1.05 level, and continue higher.
USD/JPY: Policy Board Pushes BOJ for More Easing; Yen Rises
More expansionary wording of the bank’s price outlook released at its Oct. 30 meeting was voted by two new members of the Bank of Japan’s nine-member Policy Board.
Daily FX perspective November 27, 2012 – GFM Research
The Dollar Index is currently trading at 80.00 ranges, after finding resistance at 81.00 ranges from where is sold off during September. Daily close below 79.80 would result in further depreciation of the US Dollar across the...
Black Friday, Eurozone Monday, Weather Wintry
Equities have continued their rally with no negative news to derail last week’s earlier trade. Fears of the ‘fiscal cliff’ were off the front page as President Obama tours South East Asia on what might be called...