AUD/USD Forecast February 24, 2012, Technical Analysis
AUD/USD rose on Thursday as the bottom of the recent consolidation area held true. The 1.06 level looks very constructive at the moment, and the market simply couldn’t break down through it.
Category: Daily Forex Reports
EUR/USD Forecast February 24, 2012, Technical Analysis
EUR/USD continued to rise on Thursday as traders continue to look at the bright side of all things European, even if the area has severe issues ahead of it for the next several years.
GBP/USD Forecast February 24, 2012, Technical Analysis
The GBP/USD pair rose on Thursday as the consolidation and general choppiness of the Forex markets continues. The back and forth action is solely based upon the next headline, and this pair is one of the biggest...
USD/CAD Forecast February 24, 2012, Technical Analysis
USD/CAD continued to dance around the parity level on Thursday as traders simply cannot move this pair one way or the other. The levels are too close to see breakouts in the near-term,
USD/CHF Forecast February 24, 2012, Technical Analysis
In a somewhat surprising move, the Franc appreciated during the Thursday session. The pair has a massive support zone between 0.91 and 0.90, and it has fallen towards the bottom of this area at the end of...
USD/JPY Forecast February 24, 2012, Technical Analysis
USD/JPY fell for the session on Thursday as the Dollar lost against most major currencies. The pullback is long overdue, and the 80 level always looked as if it could give the bullish momentum issues.
24th February, 2012 – Daily Forex Report by GFM Research
Dollar Index resumes bearish trend on the event of most of the asset classes especially the benchmark equity index of the Dow Jones Industrial Average (.DJIA) appreciating.Historic correlation between DX Vs DJIA is signifying USD bearishness in...
Forex-Metal Daily Analysis -23/02/2012
The yen weakened against the U.S. dollar. The USD/JPY pair grew to Y80.37 level. Asian and European trading sessions:
EUR Remains under Pressure as Greece Concerns Persist
The euro remained under pressure against the US dollar throughout yesterday’s trading session, as investors remained cautious regarding Greece’s financial situation. The EUR/USD spent much of the day range trading around the 1.3225 level after failing to...
USD/CAD Forecast February 23, 2012, Technical Analysis
USD/CAD rose during the session on Wednesday as the markets went a bit sour overall. Oddly enough though, the oil markets were quiet as the Canadian dollar weakened.