Forex-Metal Daily Analysis -21/06/2012
The FOMC meeting results: the rate kept at 0-0.25 %, the “Twist” program
Category: Daily Forex Reports
Speculation Regarding Fed Policy Keeps Riskier Currencies Elevated
Riskier currencies, including the Australian dollar and euro, were able to hold onto gains from earlier in the week during trading yesterday, as speculation that the Fed would extend its bond-buying program led to risk taking among...
EUR/USD Forecast June 21, 2012, Technical Analysis
EUR/USD had fairly volatile day on Wednesday as the Federal Reserve had its announcement signaling an extension of the “Operation Twist.” The market reaction was one of confusion, and at the end of the day, not much...
USD/JPY Forecast June 21, 2012, Technical Analysis
The USD/JPY pair rose during the session as the Federal Reserve only managed to extend the “Operation Twist” instead of easing further and more aggressively. Based upon the Fed’s announcement, it looks as if the central banks...
GBP/USD Forecast June 21, 2012, Technical Analysis
The GBP/USD pair had a wild day on Wednesday in order to finish the day basically unchanged. The pair will be sensitive to a lot of different things at once, but the most interesting fact is that...
AUD/USD Forecast June 21, 2012, Technical Analysis
The AUD/USD pair rose slightly at the end of the session on Wednesday, to form a green doji. The candle suggests that we are looking for some kind of direction at the moment, and the 1.02 level...
USD/CAD Forecast June 21, 2012, Technical Analysis
The USD/CAD pair had an interesting session on Wednesday as the pair was at one time bullish, then bearish, and finished the day forming a shooting star. The shooting star for the session does in fact seem...
Forex-Metal Daily Analysis -20/06/2012
The Economic Sentiment in Europe showed a disappointed result.
EUR/USD Forecast June 20, 2012, Technical Analysis
The EUR/USD pair rose during the session on Tuesday as the market is getting ready to receive the announcement out of the Federal Reserve’s two day meeting today. There is a lot of speculation that the Fed...
USD/JPY Forecast June 20, 2012, Technical Analysis
The USD/JPY pair fell slightly during the session on very little motion one way or the other during the Tuesday session. The pair is essentially in “No Man’s Land” as the 78 level and the 80 level...