EUR/USD Forecast October 11, 2012, Technical Analysis
The EUR/USD fell on Wednesday in order to fall and test a trend line. We also are right at the 1.2850 level, and this is an area that we have pointed out as a possible selling signal....
Category: Daily Forex Reports
AUD/USD Forecast October 11, 2012, Technical Analysis
AUD/USD had a very back and forth session in order to essentially finish unchanged. We are trading at the bottom of the recent consolidation area, and as such the market does look like it’s trying to set...
EUR/USD: Concerns Over US Corporate Earnings Hurt Risk Appetite
In the previous European trading exchanges, the Euro was supported by the release of the French and Italian Industrial Production reports, which showed both improvements in August.
Daily FX perspective October 11, 2012 – GFM Research
The US Dollar could trade flat despite profit taking witnessed in most of the asset classes, especially in the benchmark equity index of Dow Jones Industrials Average (.DJIA). The Dollar Index is currently trading flat at 80.10...
NZD/USD: Kiwi Maintains Drop on Heightened Risk Aversion
The New Zealand dollar is deemed to continue weakening opposite the US dollar today as bleak economic data and a downgrade of Spain’s credit rating are presumed to deter demand for commodity-linked currencies.
Spain and Greece Concerns Continue to Affect Euro Zone Trading
News out of Europe affected yesterday’s trading as most major pairs turned bearish due to concerns about Spain and Greece. A speech from European Central Bank President Draghi during morning trading kept the major pairs from huge...
EUR/USD Forecast October 10, 2012, Technical Analysis
The EUR/USD pair fell precipitously from the 1.30 handle on Tuesday in order to test the uptrend line that has been driving this market higher sense the middle of July. This move wasn’t much of a surprise...
USD/JPY Forecast October 10, 2012, Technical Analysis
The USD/JPY pair had a negative session on Tuesday, which of course should have been much of surprise. After all, we were towards the top of the consolidation range, and it doesn’t look like there is a...
GBP/USD Forecast October 10, 2012, Technical Analysis
The GBP/USD pair fell precipitously during the session on Tuesday as the “risk off” fell apart. The pair closed the session at the 1.60 level, but also closed the very bottom of the candle. This has is...
AUD/USD Forecast October 10, 2012, Technical Analysis
The AUD/USD pair had a slightly positive session during the Tuesday trading day, but the 1.02 level looks to be resistive. With this in mind, we cannot help but notice that this pair has struggled recently, and...