USD/CAD Forecast October 9, 2012, Technical Analysis
The USD/CAD pair fell a bit during the session on Monday as the 0.98 continues to be the focus of all things in this market. The oil markets went back and forth between wins and losses, and...
Category: Daily Forex Reports
Daily FX perspective October 09, 2012 – GFM Research
The US Dollar traded flat against most of the FX majors except against the Cable wherein the Pound has lost by more than 100 pips yesterday. The benchmark equity index (.DJIA) is currently trading flat at 13594...
Commodity Currency Longs Reduce Positions
COT (Commitment of Traders) COT Report, 02 October 2012. Commodity currency longs reduced some of their longs versus the USD in the latest reporting period.
Riskier Currencies Turn Bullish Following US Unemployment Rate
The US dollar took losses against several of its main currency rivals on Friday, following the release of this month’s Non-Farm Payrolls report and unemployment rate.
USD/JPY Forecast October 8, 2012, Technical Analysis
USD/JPY had a wild session during the Friday trading day after the nonfarm payroll numbers. This is typical for a nonfarm payroll Friday, and as such it really shouldn’t come as much of a surprise.
USD/CAD Forecast October 8, 2012, Technical Analysis
The USD/CAD pair fell during most of the session on Friday as the Canadian jobs number was outstanding. However, by the end of the session we got quite a bit of a bounce and formed a hammer...
GBP/USD Forecast October 8, 2012, Technical Analysis
The GBP/USD pair fell on the session Friday as the “risk off” trade came back into play. We still are very bullish of the British pound against the US dollar, and think that as long as we...
EUR/USD Forecast October 8, 2012, Technical Analysis
EUR/USD rose for most of the session on Friday after the better-than-expected nonfarm payroll numbers in America, but gave back much of the gains by the end of the session.
AUD/USD Forecast October 8, 2012, Technical Analysis
AUD/USD fell during the session on Friday as the 1.02 level continues to act as a zone of interest. The market growth below the bottom of the hammer that was formed on Thursday, and as such we...
EUR/GBP: Euro Climbs Ahead of Eurogroup Meeting
Comments from European Central Bank President Mario Draghi that the central bank’s bond-buying program is ready to be activated supported the Euro versus the British pound in the previous European trading exchanges.