Forex-Metal Daily Analysis -15/03/2012
The U.S. dollar strengthened after the FOMC’s decision on interest rate.
Category:
Fed Outlook Gives Dollar Additional Boost
A positive economic outlook from the US Federal Reserve earlier this week, helped boost the dollar against its main currency rivals throughout yesterday’s trading session. The news helped boost the USD/JPY to a fresh 11-month high, while...
USD/CAD Forecast March 15, 2012, Technical Analysis
The USD/CAD pair gained during the session on Wednesday as the oil markets fell. The pair continues to chop around below the parity level and with so many different support levels below, this pair will continue to...
AUD/USD Forecast March 15, 2012, Technical Analysis
The AUD/USD pair fell again on Wednesday as the commodity trade stalled on the whole. The Aussie always tends to benefit from the commodity trade, and as it falls – so does the Aussie dollar. The area...
USD/CHF Forecast March 15, 2012, Technical Analysis
The USD/CHF pair rose on Wednesday as the resistance level at 0.9250 gave way. The level is the point we needed to see cleared to believe the recent consolidation has been broken through, and as it has...
GBP/USD Forecast March 15, 2012, Technical Analysis
The GBP/USD pair fell during the Wednesday session, but failed to break below the 1.56 level. The pair continues to look weak as the market presses against the supportive area.
USD/JPY Forecast March 15, 2012, Technical Analysis
The USD/JPY pair continued to rise in Wednesday session as the massive move up continues. The pair is in the middle of a trend change, and now we have the moving averages confirming this.
EUR/USD Forecast March 15, 2012, Technical Analysis
The EUR/USD pair fell for most of the session on Wednesday to test the 1.30 support level. The area is actually a 200 pip “thick” zone, and as such we don’t consider it broken until we get...
Retail Sales Figure Leads to Dollar Gains
Investors took positive US retail and core retail sales figures, both released yesterday, as further evidence of growth in the world’s biggest economy. As a result, the USD/JPY shot up to 82.83 during the afternoon session, a...
USD/CAD Forecast March 14, 2012, Technical Analysis
The USD/CAD pair fell for the session on Tuesday as the “risk on” attitude came back into the markets. The parity level above continues to push prices lower in this pair, and as a result this pair...