USD/CAD Forecast May 1, 2012, Technical Analysis
The USD/CAD pair shot straight up on Monday as traders reacted to the poor GDP numbers out of Ottawa. The Canadians reported a GDP of -0.2% m/m, while the market was expecting a reading of 0.2%.
Category: Daily Forex Reports
Weekly technical analysis for 23.04-4.05
EURUSD
USD Shivers in the Spring Breeze of Poor Economic Numbers
After last weekend’s election in France, where the incumbent Sarkozy finished poorly, many were expecting the euro to weaken versus the USD. Such was not the case, and to the chagrin of a market loaded with shorts,...
Dollar Tumbles Following Disappointing GDP Figure
A worse than expected Advance GDP figure sent the dollar tumbling to multi-week lows against several of its main currency rivals on Friday. The EUR/USD closed out the week at 1.3249, up close to 100 pips for...
EUR/USD Forecast April 30, 2012, Technical Analysis
The EUR/USD pair rose during the session on Friday, but fell a bit short of breaking out of the descending triangle that the market looks like it is trying to form. There are a ton of problems...
USD/JPY Forecast April 30, 2012, Technical Analysis
The USD/JPY pair is one that many traders are watching at the moment. The pair features two central banks that are trying to ease monetary policy in different ways, and as such this is a real race...
GBP/USD Forecast April 30, 2012, Technical Analysis
The GBP/USD pair is absolutely out of control, and the bullishness continued on Friday. The move has been strong and relentless, and on top of that – the United Kingdom has recently gone into recession! None the...
AUD/USD Forecast April 30, 2012, Technical Analysis
The AUD/USD pair shot straight up on Friday as the “risk on” attitude came back into the markets. The pair is often used as a proxy for risk appetite and the gold markets, both of which rose...
USD/CAD Forecast April 30, 2012, Technical Analysis
The USD/CAD pair fell again on Friday as the Dollar negative sentiment continues. The reaction is to words by Federal Reserve Chairman Ben Bernanke, in which he expressed the Federal Reserve’s willingness to prop the economy up...
Forex Markets Chew On Japanese Fundamentals
European news has dominated the forex market with a steady narrative of an ongoing saga, making it easy to forget the Europeans do not have a monopoly on a saga of troubled times. Last night we got...