USD/CHF Forecast December 5th, 2011, Technical Analysis

by FX Empire | December 3, 2011 5:32 am
USD/CHF rose during the Friday session as the breaking of the highs form Thursday signaled more buying. The pair has shown to attract support in the area of 0.90 over the last several sessions.

USD/JPY Forecast December 5th, 2011, Technical Analysis

by FX Empire | December 3, 2011 5:31 am
The USD/JPY pair got a boost on Friday as traders continue to buy the Dollar against the Yen at the moment. However, there is a ton of selling in this pair overall and the 0.8000 level is...

Staying Skeptical of Todays Non-Farm Payrolls Report

by Forexyard.com | December 2, 2011 7:59 am
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

by FX Empire | December 2, 2011 6:55 am
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

by FX Empire | December 2, 2011 6:54 am
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

by FX Empire | December 2, 2011 6:53 am
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

by FX Empire | December 2, 2011 6:52 am
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

by FX Empire | December 2, 2011 6:52 am
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

by FX Empire | December 2, 2011 6:51 am
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...