USD/JPY Forecast April 11, 2012, Technical Analysis
The USD/JPY pair fell off of a cliff on the Tuesday session as traders ran into the safety of the Yen. The bullish thesis that we have had over the last several weeks has been beaten down,...
Category: Daily Forex Reports
EUR/USD Forecast April 11, 2012, Technical Analysis
The EUR/USD pair fell on Tuesday as the markets sold the Euro off in general. The Spanish and Italian bonds markets saw a spike in yields as the fears of a debt crisis have obviously not gone...
Risk Aversion Continues to Start Off Week
Safe haven currencies, in particular the Japanese yen, started off the week on a bullish note as investors continued to digest last week’s disappointing US Non-Farm Payrolls figure. The US added just 120K jobs last month, significantly...
USD/CAD Forecast April 10, 2012, Technical Analysis
The USD/CAD pair has risen during the Monday session, only to fall again and form a shooting star. This market is currently trading just below the 200 day EMA, and the parity level as well. The pair...
AUD/USD Forecast April 10, 2012, Technical Analysis
The AUD/USD pair fell for some of the session on Monday, but managed a bounce to form a doji. The pair has bounced at the 50% Fibonacci level, and it looks as if the buyers are starting...
GBP/USD Forecast April 10, 2012, Technical Analysis
The GBP/USD pair fell at first on the Monday session, but only to bounce and form a hammer at the end of the day. The pair is sitting just above the 200 day EMA, and this will...
USD/JPY Forecast April 10, 2012, Technical Analysis
The USD/JPY pair rose during the Monday session as the bottom of the recent down trending channel has held as support. Also, the 81 handle came into play, and it appears that the pair is still finding...
EUR/USD Forecast April 10, 2012, Technical Analysis
The EUR/USD pair fell during the session on Monday, but bounced from the 1.30 area to form a hammer. This pair is certainly one we don’t like to buy, but selling at this point will be difficult...
Forex-Metal Weekly Analysis
Market review for 26 – 30.03, 2012
April 09, 2012 – Forex Daily Report by GFM Research
The Dollar Index is currently range bound between 81.00 and 78.70. Major constituent of the Dollar Index basket, the Euro is trading sideways with bearish undertone, resulting in correction in most of the asset classes, especially the...