AUD/USD Forecast October 3, 2012, Technical Analysis

by FX Empire | October 3, 2012 5:58 am
The AUD/USD pair fell significantly during the trading session on Tuesday as the Reserve Bank of Australia cut rates in the middle of the night. While the general thought was that the RBA would have to cut...

NZD/USD: Kiwi Succumbs as Spain, Australia Concerns Mount

by AlgosysFx | October 3, 2012 1:40 am
The New Zealand dollar is deemed to continue its decline opposite the US dollar today as continued uncertainty over the Spanish debt situation and a dovish outlook for Australia are apt to weaken its appeal.

EUR/GBP: Manufacturing Data Reflects Britain’s Weak Recovery

by AlgosysFx | October 2, 2012 8:32 am
After climbing to 49.5 points in August, manufacturing activity in the UK contracted more than economic projections, falling to 48.4 points in September. As a result, the Great British pound suffered against the Euro in the previous...

Speculators’ Short USD Position Up Again

by CashBackForex.com | October 2, 2012 6:38 am
COT (Commitment of Traders) COT Report, 25 September 2012. Once again the speculators combined net short position in the USD climbed higher. It is now up to 267,878 total contracts in the currencies and the DI tabulated...

USD Bullish Ahead of Non-Farms Report

by Forexyard.com | October 1, 2012 8:08 am
The US dollar saw gains against most of its main currency rivals before markets closed for the weekend on Friday, as concerns regarding Spanish debt continued to boost safe-haven currencies. Worries about Spain were also largely responsible...

USD/JPY Forecast October 1, 2012, Technical Analysis

by FX Empire | October 1, 2012 8:02 am
The USD/JPY pair rose during the Friday session as we slammed back into the 78 handle. However, that level continues to be resistive and the market could not hold that price. Nonetheless, we think that this market...

USD/CAD Forecast October 1, 2012, Technical Analysis

by FX Empire | October 1, 2012 8:01 am
The USD/CAD pair fell during much of the session, but bounced at the 0.98 handle in order to prove the area supportive yet again. Right now, it looks like we have a serious fight on our hands...

GBP/USD Forecast October 1, 2012, Technical Analysis

by FX Empire | October 1, 2012 8:00 am
The GBP/USD pair fell during the session on Friday as the 1.63 level continues to be a bit too resistive for this currency pair. However, we are still bullish of the British pound, and think that any...

EUR/USD Forecast October 1, 2012, Technical Analysis

by FX Empire | October 1, 2012 7:59 am
The EUR/USD pair initially rose during the Friday session, but fell once we get close to the 1.30 handle. The resulting move have the market falling down towards the 1.2850 level, and the candle does in fact...