EUR/USD Forecast May 7, 2012, Technical Analysis
The EUR/USD fell hard for the session on Friday as the markets reacted to the bad jobs number out of the United States. There are elections in France and Greece over the next few days, and as...
Author: FX Empire
USD/JPY Forecast May 7, 2012, Technical Analysis
The USD/JPY pair fell on Friday as the US jobs data come in poor. The 115,000 jobs added certainly didn’t impress, and as a result we saw most financial markets sell off in reaction.
GBP/USD Forecast May 7, 2012, Technical Analysis
The GBP/USD pair fell on Friday as the jobs number out of America got the market in a risk off mode. The pair is broken out to the upside of a massive consolidation range though, and we...
AUD/USD Forecast May 7, 2012, Technical Analysis
The AUD/USD pair fell hard for the Friday session as the “risk off” mode took over again. The pair broken through the 1.02 level, and we feel that the bearish flag we suspected as being formed is...
USD/CAD Forecast May 7, 2012, Technical Analysis
The USD/CAD pair had a very bullish session on Friday as the oil markets fell hard. The Canadian dollar almost always travels with the oil markets over time, so many traders would have jumped out of their...
USD/JPY Forecast May 4, 2012, Technical Analysis
The USD/JPY pair continued to stall on Thursday as the market consolidates around the 80 handle. The level is one of the most important ones in the Forex markets at the moment, and if today has one...
USD/CAD Forecast May 4, 2012, Technical Analysis
The USD/CAD pair rose after first dropping during the Thursday session. The pair is currently stuck in a relatively well defined range, and as a result has been the domain of short term traders lately.
GBP/USD Forecast May 4, 2012, Technical Analysis
The GBP/USD pair fell slightly for the Thursday session as the market consolidated ahead of the Non-Farm Payroll numbers. The market is very bullish at the moment, and because of this we think the pair could be...
EUR/USD Forecast May 4, 2012, Technical Analysis
The EUR/USD pair fell for most of the Thursday session, but bounced in order to form a hammer for the day. The jobs number will be one that could move this market today, as the traders try...
AUD/USD Forecast May 4, 2012, Technical Analysis
The AUD/USD pair fell hard on the session for Thursday as traders prepared for the important Non-Farm Payroll numbers today. The announcement should be one of the most important this year, as the markets try to figure...