EUR/GBP: More Anxieties Over the Euro Zone
Weak economic data springing from Germany continued to put pressure on the Euro in the previous European trading exchanges, resulting to its loss of 30 pips versus the British pound.
Category: Daily Forex Reports
USD/JPY Forecast August 10, 2012, Technical Analysis
USD/JPY had a slightly bullish session for Thursday although it did end up giving back quite a bit of the gains by the end of the session in order to form a less than impressive green candle.
USD/CAD Forecast August 10, 2012, Technical Analysis
Thursday saw the USD/CAD accelerate to the downside as we have suggested after the Wednesday trading session. The fact that we have broken the bottom of the downtrend channel, suggest that perhaps the downward momentum is about...
GBP/USD Forecast August 10, 2012, Technical Analysis
The GBP/USD had a slightly bearish session during the Thursday markets, as the “risk off” trade came back into play. However, by the end of the session we manage to regain half of our losses in order...
EUR/USD Forecast August 10, 2012, Technical Analysis
The EUR/USD pair managed to fall yet again during the Thursday session, and even break down below the 1.23 level. However, by the end of the session we saw the 1.23 level attract buyers again, and it...
AUD/USD Forecast August 10, 2012, Technical Analysis
The AUD/USD pair rose again during the Thursday session, but gave back over half of its gains in order to form a shooting star. While this normally would have us thinking of a short position in the...
EUR Tumbles Due to ECB Inaction
Continued inaction on the part of the European Central Bank to lower borrowing costs in Spain and Italy weighed down on the euro throughout the day yesterday. The news, combined with positive US data also helped the...
Forex-Metal Daily Analysis -09/08/2012
Market review for 08.08.12: The pound grew sharply when the Bank of England expressed less concerns of about the British economy outlook.
When Do We Buy the Swiss Franc?
There has been a steady barrage of conflicting information about the euro during the past week. The euro market was deflated after the ECB President Draghi’s press conference, but quickly reversed once Spain announced there was a...
Speculators Slash USD Net Long Positions
In the reporting period ended on July 1st, the aggregate net USD long was reduced by 89.4K contracts, approximately about one third of the previous total long. With the total USD long down to 174,734 contracts, this...