EUR/USD forecast – 17.10.2012
Date: 16.10.2012 Time: 19:50 Rate: 1. 3047 Daily chart Last Review During the last trading week the price has checked again the 1.2824 price level and jumped back up after touching it. It is possible to see...
Category: Daily Forex Reports
GBP/USD forecast – 17.10.2012
Date: 16.10.2012 Time: 21:08 Rate: 1.6114 4 Hour chart Last Review It is possible to see that the price has corrected the short move upwards (black broken line) by 61.8% and the long move upward (blue broken...
AUD/USD forecast – 17.10.2012
Date: 16.10.2012 Time: 22:13 Rate: 1.0276 4 Hour chart Last Review The price has raised and corrected the last downtrend which started on the 1.0474 price level (red broken line) by a third to the 1.0275 price...
USD/CHF forecast – 17.10.2012
Date: 16.10.2012 Time: 21:23 Rate: 0.9260 4 Hour chart Last Review The price is ranging between the 0.9300 and the 0.9438 price levels while breaking of the 0.9438 price level in a proven way will probably lead...
EUR/GBP: Moody’s Maintains Spain’s Credit Rating, Boosting Appetite for Risk
Yesterday’s economic report indicated that confidence among German investors improved for a second month in October, after the European Central Bank announced its new bond-buying program to help lower bond yields of troubled countries.
Increased confidence in Germany, Spanish Bailout Lift Euro
The euro made bullish gains yesterday morning against the dollar and yen, as investors increased their confidence regarding Spain asking for a bailout and confidence in the German economy. Today, the main piece of economic news is...
Are the Canadian Dollar Longs Starting to Sell?
Since the beginning of August, currency futures speculators have been putting on a very large long position in the Canadian Dollar. According to the latest COT report, the spec long was down from the high, 139.3K contracts...
Daily FX perspective October 17, 2012 – GFM Research
The US Dollar continues down trend after hitting short term resistance of 80.25 ranges a couple of days back to currently trade at short term support of 79.20 resulting in appreciation of most of the asset classes,...
AUD/JPY: Moody’s Holding of Spain’s Credit Rating Benefits the Aussie, Hurts the Yen
The latest release of the Reserve Bank of Australia’s Minutes of the Policy Meeting highlighted a sluggish economic growth in China and the European debt crisis that drove the decision of the central bank to lower the...
Speculators Reduce Their USD Currency Shorts
COT (Commitment of Traders) Report, 09 October 2012. During the latest COT reporting period, currency speculators, in the aggregate, reduced their USD short position by over 107K contracts.