Risk Taking Returns to Marketplace Following Draghi Speech
Riskier assets saw major gains during the European session, following a speech from ECB President Draghi in which he pledged to do everything necessary to preserve the European Union.
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USD/JPY Forecast July 27, 2012, Technical Analysis
The USD/JPY pair rallied a bit during the Thursday session to bounce off of the 78 handle once again. This area looks to be very supportive, and as such we are more than willing to go long...
USD/CAD Forecast July 27, 2012, Technical Analysis
The USD/CAD pair had a pretty wild session on Thursday as the pair sold off drastically. The “risk on” attitude of the markets sold the Dollar off against almost every currency. The Canadian dollar of course was...
GBP/USD Forecast July 27, 2012, Technical Analysis
The GBP/USD pair slammed directly into the 1.57 resistance area during the session on Thursday, and one of the most exaggerated moves we’ve seen in a while. With the head of the European central bank stating on...
EUR/USD Forecast July 27, 2012, Technical Analysis
EUR/USD rally during the session on Thursday after the head of the European Central Bank, Mario Draghi suggested that he was ready to do “whatever it takes” to keep the Euro viable. The truly interesting thing about...
AUD/USD Forecast July 27, 2012, Technical Analysis
The AUD/USD pair shot straight up during the Thursday session as the head of the ECB suggested they were willing to do anything to keep the Euro afloat. This suggests that the central bank will further ease,...
Draghi Comments Buoy The Euro And The Equity Markets
The European Central Bank President, Mario Draghi, at a meeting in London yesterday, led cheers for the future of the euro. Draghi said: “Within our mandate, the ECB is ready to do whatever it takes to preserve...
Forex-Metal Daily Analysis -26/07/2012
Market review for 25.07.12: The Euro increased despite negative news from Germany.
EUR/USD: triangle forming
The eurodollar pair has stopped rallying and consolidated into a triangle which looks almost complete. If it breaks down and continues the bearish trend lower then it will reach the cluster of pivots at 1.2100; a break...
EUR/USD: Spanish Political Backlash Deteriorates the Euro
Continuing turmoil in Spain is seen to hamper the Euro’s stride alongside the US dollar today. After having fallen in the previous four months, the National Bank of Belgium’s business barometer reached a gain in July, reversing...