Forex-Metal Weekly Analysis
Market review for 04-08.06.2012
Category: Daily Forex Reports
Spanish Banking Worries Lead to Further Euro Losses
The euro fell against several of its main currency rivals on Friday, following another Spanish credit rating downgrade and the news that the country will require a bailout to help its ailing banking sector.
EUR/USD Forecast June 11, 2012, Technical Analysis
The EUR/USD pair continued to be the focus of everyone in the Forex world on Friday. The pair features a currency that many think may not even exist in a couple of years, and as a result...
USD/JPY Forecast June 11, 2012, Technical Analysis
The USD/JPY pair fell for most of the session on Friday, only to turn around and form a hammer in the end. The hammer is just below a massive resistance area though, so we don’t read too...
GBP/USD Forecast June 11, 2012, Technical Analysis
The GBP/USD pair fell during the Friday session as the Pound’s woes continued. The Dollar has been relentlessly gaining on European currencies in general, and the Pound is no different.
AUD/USD Forecast June 11, 2012, Technical Analysis
The AUD/USD pair fell most of the session on Friday, only to turn around and bounce during the US session. This shows that there is a lot on the market’s mind and a lot of confusion as...
USD/CAD Forecast June 11, 2012, Technical Analysis
The USD/CAD pair rose quite a bit during the session on Friday, only to turn back around as the rumors of a bailout flew around the markets worldwide. The “hopium” trade seems to be back on the...
If QE3 Is Really Imminent, Why Are Commodity Prices Trading So Poorly?
Fear that the global economies are about to contract further has sent the central bankers scrambling for a solution. To no one’s surprise, the central banks are going to figure out a way to loosen the money...
EUR/USD Hits 10-Day High
The euro hit a ten-day high against the US dollar during trading yesterday, following a positive Spanish bond auction which led to an increase in risk taking. By the end of European trading, the EUR/USD rose as...
USD/JPY Forecast June 8, 2012, Technical Analysis
The USD/JPY pair rose again during the session on Thursday in reaction to the lack of easing being mentioned by the Federal Reserve Chairman Ben Bernanke in front of Congress. In fact, Mr. Bernanke even admitted that...