GBP/USD Forecast October 12, 2012, Technical Analysis
The GBP/USD pair rose off of the 1.60 level as the buyers came in and supportive this market like we had suspected they would. This area looks like a good spot to get long of the cable...
Category: Daily Forex Reports
EUR/USD Forecast October 12, 2012, Technical Analysis
The EUR/USD pair looked very strong during the session on Thursday as we popped from the lows. However, we still see quite a bit of noise above, and as such are not overly excited about buying this...
AUD/USD Forecast October 12, 2012, Technical Analysis
The AUD/USD pair rose during the session to break the top of the shooting star from Wednesday as the Thursday session was absolutely bullish. The 1.02 level has held as support and it now looks like we...
Daily FX perspective October 121, 2012 – GFM Research
The Dollar Index lost more than 50 points despite lackluster trading witnessed in most of the asset classes. The Greenback lost most against the Common currency and the Swiss Franc followed by the Cable. Currently the short...
USD/JPY: Yen to Drop as Economic Threats Mount
The Japanese yen is foreseen to dip opposite the US dollar today as prospects for the Japanese economy continue to weaken while the US released a buoyant jobs report.
Forex trading Daily review- 11.10.2012
Tracking the EUR/USD pair Date: 10.10.2012 Time: 18:14 Rate: 1.2889 Daily chart Last Review As it was mentioned on yesterdays review, the price has stopped on the 1.3070 price level and created a lower peak after passing the...
U.S. Trade Balance and Unemployment Claims May Impact Trading
Yesterday, traders looked to invest in riskier assets, strengthening the euro and devaluing the dollar. A lack of significant overall news had investors looking to today’s news for clues as to the level of risk appetite in...
USD/JPY Forecast October 11, 2012, Technical Analysis
The USD/JPY pair fell during the session on Wednesday, but bounced off of the 78 handle yet again. This area is the center of the larger consolidation area between 77.50 and 79.
USD/CAD Forecast October 11, 2012, Technical Analysis
The USD/CAD pair shot straight up after initially dipping during the trading day on Wednesday. We paused just above the 0.98 handle, but still see quite a bit of resistance all the way to the 0.9950 level....
GBP/USD Forecast October 11, 2012, Technical Analysis
The GBP/USD pair fell during the session on Wednesday as it retested the 1.60 level. The encouraging thing is that the level has held, although the candle itself isn’t necessarily a hammer.