EUR/USD Forecast June 4, 2012, Technical Analysis
The EUR/USD pair got a bit of a boost during the session on the bad jobs numbers out of America. This seems to be predicated on the idea that the Federal Reserve could forced to step in...
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USD/JPY Forecast June 4, 2012, Technical Analysis
The USD/JPY pair fell hard during the session on Friday as the Non-Farm Payroll numbers came out weak. The 69 thousand jobs added was well under the expected amount, and as a result the Dollar got pummeled.
GBP/USD Forecast June 4, 2012, Technical Analysis
The GBP/USD pair fell again on Friday as the Non-Farm Payroll numbers for the month of May come out at just 69 thousand jobs added in America. This had a bit of speculation enter the market that...
AUD/USD Forecast June 4, 2012, Technical Analysis
The AUD/USD pair had a bearish day on the Friday session as the Non-Farm Payroll reports in America came out very weak. However, the bounce at the end of the day managed to form a hammer in...
USD/CAD Forecast June 4, 2012, Technical Analysis
The USD/CAD pair shot straight up for the session on Friday as the Non-Farm Payroll number came out very weak. The mere 69 thousand jobs that America added suggests that the demand for Canadian crude will be...
Disappointing Non-Farm Payrolls Sends USD Tumbling
The USD tumbled vs. its main currency rivals on Friday, following the release of a worse than expected Non-Farm Payrolls figure which showed that the US only added 69K jobs in May. Analysts had been forecasting the...
USDCAD Analysis – June 2, 2012
USDCAD’s upward movement from 0.9799 extends to as high as 1.0441. Further rise is still possible next week, and next target would be at 1.0550 area. Support is at 1.0300, only break below this level could signal...
USDCHF Analysis – June 2, 2012
USDCHF’s upward movement from 0.9043 extends to as high as 0.9769. Further rise is still possible next week, and next target would be at 0.9900 area. Support is at 0.9500, only break below this level could signal...
USDJPY Analysis – June 2, 2012
USDJPY stays below a downward trend line on daily chart, and remains in downtrend from 84.17, and the fall extends to as low as 77.66. Key resistance is at the trend line, as long as the trend...
AUDUSD Analysis – June 2, 2012
AUDUSD continues its downward movement from 1.0855, and the fall extends to as low as 0.9581. Further decline is still possible next week, and next target would be at 0.9450 area. Key resistance is at 0.9900, only...