GBP/USD Forecast September 11, 2012, Technical Analysis
The GBP/USD pair fell for much of the Monday session, but bounced in order to form a bit of a hammer that is focused on the 1.60 handle. This makes sense, as the level is a large...
Category: Daily Forex Reports
AUD/USD Forecast September, 11, 2012, Technical Analysis
The AUD/USD pair fell during the session on Monday as the “risk off” attitude came back into the marketplace. The resulting candle for the session almost looks like a shooting star, but nonetheless it says the same...
USD/CAD Forecast September 11, 2012, Technical Analysis
The USD/CAD pair fell for much of the session on Monday, but did manage to balance in order to form a hammer. If we can get back above the 0.98 handle, this would signify that there is...
Daily FX perspective September 11, 2012 – GFM Research
The Dollar Index at the historic support of 80.00, though 81.20-82.00 would act as major resistance. The benchmark equity index of the Dow Industrials (.DJIA) is currently trading firm at 13200 ranges after hitting intermediate resistance of...
Euro Takes Mild Losses in Slow Trading Day
After seeing significant gains across the board last week, the euro reversed some of its recent bullish movement yesterday during a slow news day. That being said, investors were hesitant about going overly bearish on the currency...
EUR/USD: Eurodollar has stalled a little this morning
Eurodollar has stalled a little this morning. The current level lies close to the monthly pivot, which could mean we are at a reversal point and the exchange rate could roll over here. A break back down...
EUR/GBP: Euro In For a Crucial Week
The Euro posted gains versus the Great British pound after European Central Bank President Mario Draghi announced buying bonds at unlimited quantities to be able to address severe distortions in government bond markets.
Daily FX perspective September 10, 2012 – GFM Research
The Dollar Index has closed below the critical support of 81.00 to currently trade at 80.30 on the event of the ECB decision to go unlimited bond buying to tackle the Euro zone debt crisis. Weaker the...
Disappointing Jobs Report Turns Dollar Bearish
The USD tumbled on Friday, following a worse than expected Non-Farm Employment Change report that signaled a slowing down in the US economic recovery.
EUR/USD Forecast September 10, 2012, Technical Analysis
The EUR/USD pair shot straight up during the trading day on Friday as the US jobs number disappointed. This suggests to most traders that the Federal Reserve will have to implement further monetary easing in the near...