Forex-Metal Daily Analysis – 02/12/2011
The results of France and Spain Government bonds’ auctions supported the Euro currency.
Category: Daily Forex Reports
Staying Skeptical of Todays Non-Farm Payrolls Report
Today’s non-farm payrolls report is expected to show improvement in US employment data as many economists have upped their forecasts following the strong ADP report. However, traders may want to remain skeptical as US unemployment continues to...
AUD/USD Forecast Dec. 2, 2011, Technical Analysis
AUD/USD fell during the session, but bounced back to form a hammer by the end of the day. This shows that the pair still wants to rise, and that the majority of traders think that the pair...
EUR/USD Forecast Dec. 2nd, 2011, Technical Analysis
EUR/USD had a positive day on Thursday as traders continue to see potential movement in the crisis by leaders of the EU. The pair again struggled with the 1.35 level as resistive, and the pair looks a...
GBP/USD Forecast Dec. 2nd, 2011, Technical Analysis
GBP/USD had a volatile day on Thursday as traders went between bullish and bearish in this pair. The resulting candle is a doji, and shows just how confused the market is at the moment. After the two...
USD/CAD Forecast Dec. 2nd, 2011, Technical Analysis
USD/CAD fell again on Thursday as traders continue to buy the “risk on” trade. The USD/CAD will particularly interesting today as it has an interesting dynamic when it comes to the US jobs market.
USD/CHF Forecast Dec. 2nd, 2011, Technical Analysis
USD/CHF fell at first on Thursday, but got a bit of a bounce as rumors of the Swiss National Bank setting negative interest rates came to light. It hasn’t be confirmed at this point, but the idea...
USD/JPY Forecast Dec. 2nd, 2011, Technical Analysis
The USD/JPY had a fairly quiet day on Thursday as traders pared volume ahead of the Non-Farm Payroll reports later today. The US job market will certainly have an effect on the rate in each currency, but...
2nd December, 2011 – Daily Forex Report by GFM Research
The Dollar Index again take resistance in the ranges of 79.50 to currently trade at 78.30 resulting in major rally in most of the asset classes especially the benchmark equity index of the Dow Jones Industrials. Major...
GBP/USD NFP Analysis
Greetings. It’s that time of year again – NFP – and we’re starting to see the markets ease up from yesterday in prepartation for NFP.