Forex-Metal Weekly Analysis
Market review for 17 – 21.09.2012
Category: Daily Forex Reports
AUD/CAD: Aussie Gives Way to the Loonie
The skirmish between the ComDolls has the Canadian dollar gaining the upper hand over its Australian counterpart. An extension of late Friday’s bearish streak is seen to pick up today, as the currency pair feels the selloff...
EUR/GBP: Spanish, Greek Concerns Drive Down the Euro
The Euro lost to the Great British pound in the previous European trading session despite speculations that Spain is coming up with new economic reforms that bring it closer to making a formal request for rescue funds...
US News Set to Impact Markets This Week
The euro saw mild gains against most of its main currency rivals on Friday, as hopes that Spain will soon seek a bailout from the ECB boosted risk appetite with investors. Still, a lack of significant economic...
Daily FX perspective September 24, 2012 – GFM Research
The Dollar Index is trading firm at 79.60 after finding support at 78.70 ranges; further fall in the Greenback is expected only on the Dollar Index consistently trading below 78.00 ranges.
USD/JPY Forecast September 24, 2012, Technical Analysis
The USD/JPY pair initially trying to rise during the session on Friday, but fell in the end to form a bit of a shooting star. However, we are sitting just above the 78 handle which of course...
USD/CAD Forecast September 24, 2012, Technical Analysis
The USD/CAD pair originally fell during the session on Friday, but did bounce in order to form a hammer. This directly competes with the shooting star from the day before, but we also see the 0.98 handle...
GBP/USD Forecast September 24, 2012, Technical Analysis
The GBP/USD pair rose during the session on Friday and even managed to break through the 1.63 level at one point. However, by the end of the day we saw a pullback that formed a shooting star.
EUR/USD Forecast September 24, 2012, Technical Analysis
The EUR/USD pair tried to rally during the Friday session above the 1.30 level, but failed and formed a shooting star. This is a market that has been very overbought for a while now, and a pullback...
AUD/USD Forecast September 24, 2012, Technical Analysis
The AUD/USD pair rose during the session on Friday, but would be beat back at the 1.05 level. The previous day of course saw a hammer, as did the two before that. With that being said, it...