USD/CAD Forecast June 22, 2012, Technical Analysis
The USD/CAD pair absolutely skyrocketed during the Thursday session as the “risk off” trade came back into play. The oil markets fell during the session, and the CAD got punished as a result.
Author: FX Empire
GBP/USD Forecast June 22, 2102, Technical Analysis
The GBP/USD pair broke down for the session on Thursday as the concerns in global economies continue. There are several British banks on the radar screens of the credit agencies now, and as a result we like...
EUR/USD Forecast June 22, 2012, Technical Analysis
The EUR/USD pair fell hard on Thursday as the markets worried about immanent downgrades of the world’s largest banks by Moody’s, and weak economic numbers from both China and Germany.
AUD/USD Forecast June 22, 2012, Technical Analysis
The AUD/USD pair fell hard on Thursday as the “risk off” trade is now in control again. The lack of risk taking makes sense, as the economic numbers out of Germany and more importantly to the Aussie...
EUR/USD Forecast June 21, 2012, Technical Analysis
EUR/USD had fairly volatile day on Wednesday as the Federal Reserve had its announcement signaling an extension of the “Operation Twist.” The market reaction was one of confusion, and at the end of the day, not much...
USD/JPY Forecast June 21, 2012, Technical Analysis
The USD/JPY pair rose during the session as the Federal Reserve only managed to extend the “Operation Twist” instead of easing further and more aggressively. Based upon the Fed’s announcement, it looks as if the central banks...
GBP/USD Forecast June 21, 2012, Technical Analysis
The GBP/USD pair had a wild day on Wednesday in order to finish the day basically unchanged. The pair will be sensitive to a lot of different things at once, but the most interesting fact is that...
AUD/USD Forecast June 21, 2012, Technical Analysis
The AUD/USD pair rose slightly at the end of the session on Wednesday, to form a green doji. The candle suggests that we are looking for some kind of direction at the moment, and the 1.02 level...
USD/CAD Forecast June 21, 2012, Technical Analysis
The USD/CAD pair had an interesting session on Wednesday as the pair was at one time bullish, then bearish, and finished the day forming a shooting star. The shooting star for the session does in fact seem...
EUR/USD Forecast June 20, 2012, Technical Analysis
The EUR/USD pair rose during the session on Tuesday as the market is getting ready to receive the announcement out of the Federal Reserve’s two day meeting today. There is a lot of speculation that the Fed...