USD/JPY Forecast August 16, 2012, Technical Analysis
The USD/JPY pair had a pretty wild session on Wednesday as the pair both rose and fell in order to form a hammer just above the 78.75 level that we have been watching recently.
Category: Daily Forex Reports
GBP/USD Forecast August 16, 2012, Technical Analysis
The GBP/USD pair had another bullish session on Wednesday, but then again still cannot break above the 1.57 level for any significant amount of time. Because of this, it looks like this market is starting to run...
AUD/USD Forecast August 16, 2012, Technical Analysis
The AUD/USD pair managed to bounce after falling through the 1.05 level that acted as support. The fact that the daily candle ended up is a hammer is also very bullish, and as such we think that...
USD/CAD Forecast August 16, 2012, Technical Analysis
The USD/CAD pair fell during the session on Wednesday in order to finally break down below the 0.99 level. This area had acted as support over the last week, but now has given way and it looks...
Disappointing US Data Sends Dollar Tumbling
A worse than expected US Core CPI figure yesterday caused the US dollar to reverse its gains from earlier in the week against the Japanese yen. The greenback had more luck against the euro, as an increase...
Fundamental analysis – 15th August 2012
USD Major currency pairs traded within narrow ranges and closed the trading day almost at their opening prices. However, dollar managed to gain versus the yen, driven by the increase in the US treasury yields. Turning to...
Forex-Metal Daily Analysis -15/08/2012
Market review for 14.08.12: The reports for German and French economical data were quite positive. Asian and European trading sessions:
Forex Markets Looking for Direction – Where Do We Sell the Pound?
The euro got an early-morning boost when the German GDP Season Adjusted (Q/Q) came in a tick better than expected at a positive 0.3%. Most of the other German numbers were negative but the market did not...
EUR/USD Forecast August 15, 2012, Technical Analysis
The EUR/USD pair attempted to rally on Tuesday, but fell short and formed a shooting star. The shooting star suggests that perhaps we are going to try the uptrend line or bottom of the rising wedge over...
USD/JPY Forecast August 15, 2012, Technical Analysis
The USD/JPY pair had a bullish session on Monday, as the Yen sold off in general. The 78.75 level gave way, and as such we think that this pair will continue to rise over time. We have...