Fed’s Consideration of QE3 Hurts USD
Release of the recent Fed Minutes, which showed active consideration of QE3 – a perceived stimulus for the globally lethargic economies – is reflected in such consideration spreading beyond US shores.
Category: Daily Forex Reports
EUR/USD: Euro Rises Alongside the Greenback
The Euro gained versus the US dollar in the previous European trading exchanges on developments in the Euro Zone and weaker job figures in the US, increasing speculations of another QE by the Federal Reserve. In today’s...
Chinese Data Weakens AUD and Crude Oil
After hitting a fresh seven-week high against the US dollar earlier in the week, the euro was unable to extend its gains during trading yesterday despite the release of positive French and German manufacturing data.
USD/JPY Forecast August 24, 2012, Technical Analysis
USD/JPY fell during the session on Thursday as the “risk off trade” continued. The pair looks like it is trying to find some type of support in that general vicinity and this of course makes sense as...
USD/CAD Forecast August 24, 2012, Technical Analysis
The USD/CAD pair rose during the session on Thursday, to test the top of the shooting star that was printed on Wednesday. The “risk off” trade seems to be back into play now, and the commodity currencies...
GBP/USD Forecast August 24, 2012, Technical Analysis
The GBP/USD pair attempted to continue higher on Thursday, but got old back instead in order to form a hammer. This hammer is essentially anchored at the 1.59 level, and as such it looks like we may...
EUR/USD Forecast August 24, 2012, Technical Analysis
The EUR/USD pair continued to March higher on Thursday, but gave back about half of the gains in order to close near the 1.2550 level.
AUD/USD Forecast August 24, 2012, Technical Analysis
The AUD/USD pair initially rose during the Thursday session, but it must be said that it sold off rather drastically by the end of the day. Looking at this chart, it’s easy to see that there is...
EUR/JPY: technical analysis – August 23, 2012
The EUR/JPY recently broke out of its ascending wedge pattern but the rally has stalled and a pull-back has occurred which could go deeper given the strength of the first leg and reach perhaps to 97.70 where...
EUR/GBP: Euro Sustained by ECB, Greek Hopes
The Euro lost against the British pound before the release of Euro Zone’s manufacturing and services data, led by Germany and France’s PMI figures.