Category: Daily Forex Reports

AUD/USD Forecast Nov.16th, 2011, Technical Analysis

by FX Empire | November 16, 2011 9:57 am
The AUD/USD pair fell on Tuesday, but bounced at the end of the session to form a hammer. The bullish candle looks as if it is reiterating the support at the 1.01 level. The pair has been...

USD/CHF Forecast Nov. 16th, 2011, Technical Analysis

by FX Empire | November 16, 2011 9:56 am
USD/CHF rose during the Tuesday session as the “risk off” trade continued to push traders towards the US dollar. The pair is supported by the Swiss National Bank as the central bank is working to keep the...

GBP/USD Forecast Nov. 16th, 2011, Technical Analysis

by FX Empire | November 16, 2011 9:55 am
The GBP/USD pair fell hard on the Tuesday session as traders continue to sell off the Pound and run to the safety of the US dollar. The pair also broke the bottom of two weekly hammers during...

USD/JPY Forecast Nov. 16th, 2011, Technical Analysis

by FX Empire | November 16, 2011 9:54 am
USD/JPY initially spiked during the Asian session on Tuesday, only to spend the rest of the day falling. The downtrend remains intact as usual, and the selling should continue. However, we are getting to retrace about 50%...

EUR/USD Forecast Nov. 16th, 2011, Technical Analysis

by FX Empire | November 16, 2011 9:53 am
EUR/USD fell hard on the Tuesday session as worries about Italian debts continues. The 10 year Italian bond has closed above the 7% level, an area that many people consider “unsustainable”. This should continue to fuel the...

USD/CAD Forecast Nov. 16th, 2011, Technical Analysis

by FX Empire | November 16, 2011 9:52 am
The USD/CAD spiked during the session on Tuesday as traders bought into the safety trade. At the same time, the oil markets recovered to build up an attempt at the $100 mark, which is very supportive for...

EUR Pressured by Weakening European Bond Markets

by Forexyard.com | November 16, 2011 7:06 am
Sentiment in Europe is deteriorating as the pressure remains on Spanish and Italian bonds. Both the USD and German bunds are outperforming in this type of trading environment while commodities are generally lower. Crude oil is the...