NZD/USD: Kiwi to Rise as Market Moods Improve
The New Zealand dollar is seen to benefit from risk-on trades today as optimism over holiday sales in the US and a Greek aid package is deemed to buoy market sentiment.
Category: Daily Forex Reports
USD/JPY Forecast November 26, 2012, Technical Analysis
The USD/JPY fell during the session on Friday, but got a bounce as this pair continues to defy gravity.
USD/CAD Forecast November 26, 2012, Technical Analysis
The USD/CAD pair fell on Friday as the “risk on” rally started up. However, we are still above the 0.99 handle, which of course is a fairly significant support line. As long as we are above that...
GBP/USD Forecast November 26, 2012, Technical Analysis
The GBP/USD pair rose during the session on Friday as we continue to bounce from the 1.58 level. This market has been extremely aggressive to the upside over the last several months, with only as the pullback...
EUR/USD Forecast November 26, 2012, Technical Analysis
The EUR/USD pair rose during the session on Friday as the Euro continues to gain. Overall, the currency looks very strong at the moment, and it appears that we are heading towards the 1.3150 level before it’s...
AUD/USD Forecast November 26, 2012, Technical Analysis
The AUD/USD pair rose during the session on Friday as the 1.04 level continues to act as a magnet to price.
Euro Benefits From Positive Global Data
The euro saw gains against virtually all of its main currency rivals yesterday, as the combination of positive Chinese, French and German data boosted confidence in the global economic recovery and encouraged risk taking among investors.
AUD/JPY: Chinese Manufacturing Data and Greek-Aid Optimism Strengthen Risk Appetite
The Japanese yen came under pressure in the previous Asian trading exchanges on growing speculations that a potential change in the Japanese administration would force the Bank of Japan (BOJ) to implement more aggressive economic measures to...
USD/JPY Forecast November 23, 2012, Technical Analysis
The USD/JPY pair attempted to rally during the session on Thursday, but met significant resistance at the 82.50 level. In fact, the resulting failure formed a shooting star at the end of the day, in this now...
USD/CAD Forecast November 23, 2012, Technical Analysis
The USD/CAD pair rose slightly during the Thursday session as Americans took the day off for Thanksgiving. Typically this market will move most in the North American session, and as such we ended up having a very...