USD/JPY Forecast December 19, 2012, Technical Analysis
The USD/JPY pair rose during the session on Tuesday as the 84 handle continues to offer support. The testing of it for support has gone on for the last 40 hours, and the fact that we could...
Category: Daily Forex Reports
USD/CAD Forecast December 19, 2012, Technical Analysis
The USD/CAD currency pair rose during the session on Tuesday, but remains consolidating between the 0.98 and 0.99 handles. We think this pair will be one of the most sensitive to the so-called “fiscal cliff”, and as...
GBP/USD Forecast December 19, 2012, Technical Analysis
The GBP/USD pair shot straight up during the Tuesday session as we broke above the 1.62 handle. This area signified a resistance level that finally has given way, and because of this, it does look like we...
EUR/USD Forecast December 19, 2012, Technical Analysis
The EUR/USD pair shot straight up during the Tuesday session, as the 1.3150 level has been confirmed as a floor. The candle is very bullish, and we did close towards the very highs for the day, always...
AUD/USD Forecast December 19, 2012, Technical Analysis
The AUD/USD pair fell during the session on Tuesday as the consolidation between 1.05 and 1.06 continues. The market does look healthy overall, and unlike its cousin the New Zealand dollar, the Australian dollar is an overextended.
Daily FX Perspective December 19, 2012 – GFM Research
Market Commentary The US Dollar continued to depreciate across the board; the Dollar Index (DX) continued to fall for continuous sixth session. The Dollar Index is currently trading flat at 79.37 after correcting from intermediate resistance of...
Forex-Metal Daily Analysis -18/12/2012
Technical analysis for 18.12
Daily Forex review of USD/JPY, EUR/USD, GBP/USD
Economic news Today’s Forex market openings continue to be dominated by updates on the US fiscal cliff talks, Japan’s election results as well as the anticipated release of the UK November Consumer Price Index figure later in...
USD Net Short Position Climbs to 109K
CFTC Commitments of Traders (COT) Report, 11 December 2012. The net spec short position in the USD grew this past week from 68K contracts to 109K contracts. While the aggregate net position is USD short, the specs...
Yen Remains Bearish Following Japanese Elections
Following Japanese elections over the weekend, in which the party favoring additional monetary easing won a landslide victory, the JPY proceeded to tumble throughout the day yesterday.