Forex-Metal Daily Analysis -24/04/2012
The US dollar became more expensive amid the upcoming meeting of the
Category: Daily Forex Reports
EUR Reverses Earlier Gains
The euro gave up its recent gains against the US dollar and Japanese yen yesterday, following a combination of negative euro-zone news which led to an increase in risk aversion.
EUR/USD Forecast April 24, 2012, Technical Analysis
The EUR/USD pair fell most of the session on Monday, but the Americans came in and gave it a lift yet again. The resulting candle looks somewhat like a hammer, but it far too long in the...
USD/JPY Forecast April 24, 2012 Technical Analysis
The USD/JPY pair fell during the Monday session in order to test the 81 handle. The pair has been breaking out of a longer-term downtrend over the last few months, and as long as the 80 level...
GBP/USD Forecast April 24, 2012, Technical Analysis
The GBP/USD pair has been racing higher lately, and the Monday session first looked as if it was going to be the pullback most traders would have needed. However, the fall was very short-lived, and it formed...
AUD/USD Forecast April 24, 2012, Technical Analysis
The AUD/USD continues to looks weak overall as the slump on Monday indicates. The pair is currently suffering by less than stellar economic numbers out of Australia, and the stronger than usual US dollar.
USD/CAD Forecast April 24, 2012, Technical Analysis
The USD/CAD pair rose for much of the session on Monday, only to turn around and form a wicked looking shooting star. The action suggests that we are going to continue to drift around in this consolidation...
EUR Stages Broad Recovery
The euro received a boost following the most recent German Ifo Business Climate figure to close out last week’s trading session. The better than expected news resulted in the EUR/USD shooting up close to 100 pips to...
EUR/USD Forecast April 23, 2012, Technical Analysis
The EUR/USD pair had a bullish day on Friday, breaking higher on the session as the hammers from the previous two sessions triggered a bullish run. The pair looks as if it will continue higher for the...
USD/JPY Forecast April 23, 2012, Technical Analysis
The USD/JPY pair fell slightly for the session on Friday as the Dollar got hit all around. The Japanese are still printing Yen, and the pullback of this pair wouldn’t be a big surprise as the USD...