EUR/USD Forecast June 7, 2012, Technical Analysis
The EUR/USD pair rose during the session on Wednesday as the 1.25 level gave way as resistance. The pair is getting a boost by the potential easing out of the Fed, and the fact that the ECB...
Author: FX Empire
USD/JPY Forecast June 7, 2012, Technical Analysis
The USD/JPY pair gained for the third session in a row on Wednesday as the “risk on” trade came back into vogue. The Bank of Japan has been jawboning the value of the Yen down again, and...
GBP/USD Forecast June 7, 2012, Technical Analysis
The GBP/USD pair managed to bounce hard finally on the session as the hammer from the previous Friday finally trigger buy orders. The pair is a risk sensitive one, and as a result we think that this...
AUD/USD Forecast June 7, 2012, Technical Analysis
AUD/USD rose during the session on Wednesday as all risk related pairs did. The open speculation now is that the Federal Reserve will ease again because of the poor jobs number. Also, with the situation in Europe...
USD/CAD Forecast June 7, 2012, Technical Analysis
The USD/CAD pair fell hard during the session on Wednesday as the market started to speculate that the Fed will be forced to ease again. The oil markets got a nice boost during the session, and as...
EUR/USD Forecast June 6, 2012, Technical Analysis
The EUR/USD pair fell during the session on Tuesday as the risk off attitudes came back to the markets, albeit in a limited mode. The pair seems to have reacted to the 1.25 level as resistance, and...
USD/JPY Forecast June 6, 2012, Technical Analysis
The USD/JPY pair had a bullish session on Tuesday as members of the Bank of Japan started the verbal phrase of their intervention in order to bring down the value of the Yen. The BoJ has a...
GBP/USD Forecast June 6, 2012, Technical Analysis
The GBP/USD pair continued to grind sideways on Tuesday as the pair simply has no real catalyst to rise, but the Dollar is being speculated against as the ideas of another round of quantitative easing are in...
AUD/USD Forecast June 6, 2012, Technical Analysis
The AUD/USD pair had a slightly bullish session on Tuesday as the markets in general had a slightly firmer tone to them. The 0.99 level just above looks to be resistive, and could keep a lid on...
USD/CAD Forecast June 6, 2012, Technical Analysis
The USD/CAD pair attempted to rally on Tuesday, but in the end failed. In fact, it formed a shooting star at the end of the day, and this could be a signal that further weakness is coming.