USD/JPY Forecast June 11, 2012, Technical Analysis
The USD/JPY pair fell for most of the session on Friday, only to turn around and form a hammer in the end. The hammer is just below a massive resistance area though, so we don’t read too...
Author: FX Empire
GBP/USD Forecast June 11, 2012, Technical Analysis
The GBP/USD pair fell during the Friday session as the Pound’s woes continued. The Dollar has been relentlessly gaining on European currencies in general, and the Pound is no different.
AUD/USD Forecast June 11, 2012, Technical Analysis
The AUD/USD pair fell most of the session on Friday, only to turn around and bounce during the US session. This shows that there is a lot on the market’s mind and a lot of confusion as...
USD/CAD Forecast June 11, 2012, Technical Analysis
The USD/CAD pair rose quite a bit during the session on Friday, only to turn back around as the rumors of a bailout flew around the markets worldwide. The “hopium” trade seems to be back on the...
USD/JPY Forecast June 8, 2012, Technical Analysis
The USD/JPY pair rose again during the session on Thursday in reaction to the lack of easing being mentioned by the Federal Reserve Chairman Ben Bernanke in front of Congress. In fact, Mr. Bernanke even admitted that...
USD/CAD Forecast June 8, 2012, Technical Analysis
The USD/CAD pair fell initially during the Thursday session as the trading world believed Ben Bernanke would deliver some kind of message of further quantitative easing to the Congress, but “Uncle Ben” finally spoke up for the...
GBP/USD Forecast June 8, 2012, Technical Analysis
The GBP/USD pair initially spiked during the Thursday session as the “risk on” trade came back into the fray. However, by the end of the day we had given up quite a bit of ground and the...
EUR/USD Forecast June 8, 2012, Technical Analysis
The EUR/USD pair tried to rally for the session on Thursday as the markets expected Ben Bernanke to talk about stimulus in front of the Congress. The fact is that he didn’t explicitly say so, and even...
AUD/USD Forecast June 8, 2012, Technical Analysis
The AUD/USD pair initially spiked during the session on Thursday as the “hopium rally” started back up. The market looks as if it expected that the Fed Chairman would start to talk about easing during his testimony...
Spanish Debt Auction Set to Generate Volatility
The euro saw moderate losses in mid-day trading yesterday, as investors remain concerned about Spanish debt and its possible effect on other countries in the region. Following the ECB’s decision to leave euro-zone interest rates at 1.00%,...