AUD/USD Forecast August 8, 2012, Technical Analysis
The AUD/USD pair managed to fall during the session on Tuesday, after initially surging higher. This shooting star shaped candle is a bit of a signal that perhaps a pullback should be coming.
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USD/CAD Forecast August 8, 2012, Technical Analysis
The USD/CAD pair broke down during the session on Tuesday in order to finally get below the parity level. We are starting a get into the “meat” of the support below parity, but we think that this...
USD/JPY: technical analysis – August 6, 2012
The USD/JPY is trading in a sideways range and there is a strong possibility it may continue. It is currently falling within this range and there is a strong possibility that if it breaks below the 76.4%...
EUR/USD: technical analysis – August 6, 2012
The EUR/USD has pushed higher and it if moves above the 1.2442 highs again then it could rise further, targeting the monthly pivot at 1.2636. The inverted H&S at the lows on 4-hour chart increases the possibility...
Forex-Metal Weekly Analysis
Market review for 30.07 – 3.08.2012
EUR/GBP: Worries over a Deepening UK Recession to Hurt the Pound
The Euro gained versus the Great British pound by 60 pips in the previous European trading session as measures aimed at triggering economic growth in the UK could not have been sufficient to pull the nation’s economy...
US Jobs Data Leads to Risk Taking
A better than forecasted US Non-Farms Payroll figure on Friday led to risk taking in the marketplace, which turned currencies like the euro and AUD bullish. Furthermore, commodities and precious metals received a significant boost following the...
EUR/USD Forecast August 6, 2012, Technical Analysis
The EUR/USD pair had a massively bullish session during the Friday trading session as the US jobs number came out at positive 165,000 added last month. This got the “risk on trade” back into play, especially considering...
USD/JPY Forecast August 6, 2012, Technical Analysis
The USD/JPY pair had a bullish session on Friday as the US employment numbers came out at 165,000 jobs added for last month. The pair did Spike above the 78.60 level that we have been watching as...
GBP/USD Forecast August 6, 2012, Technical Analysis
The GBP/USD pair shot straight up like a rocket during the Friday session after the nonfarm payroll numbers came out. It had already been positive for the session, but the jobs situation in the United States only...