USD/CAD Forecast February 9, 2012, Technical Analysis
USD/CAD continues to fail at the parity level. The longer this goes on, the more bearish this pair looks to us. However, there is a ton of support going all the way down to the 0.9750 level.
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AUD/USD Forecast February 9, 2012, Technical Analysis
AUD/USD rose for most of the session on Wednesday, but pulled back to form a shooting star. The fact that this happened at the 1.08 level is very interesting as it was seen as a “barrier” of...
USD/CHF Forecast February 9, 2012, Technical Analysis
USD/CHF had a very tight range on Wednesday as the world continues to wait on the results of a Greek bailout deal. The markets have been incredibly patient with Athens, but the time has come to see...
GBP/USD Forecast February 9, 2012, Technical Analysis
GBP/USD fell during the Wednesday session as the Dollar got a bit of relief from the massive selling it has seen over the last several days. The Europeans still haven’t come together with some kind of agreement...
USD/JPY Forecast February 9, 2012, Technical Analysis
USD/JPY continues to grind higher on Wednesday as the market takes the recent admission of the Bank of Japan to intervening in the markets recently. The 77 handle is resistive and in the middle of recent consolidation,...
EUR/USD Forecast February 9, 2012, Technical Analysis
EUR/USD had a fairly quiet day as the world awaits the results of the talks between Athens and the Troika. The debt negotiations continue to drag on, and one has to wonder how much longer this can...
9th February, 2012 – Daily Forex Report by GFM Research
The US Dollar Index is approaching critical support of 78.20 and the key equity index of the Dow Jones Industrials is trading at the last year highs of 12900 ranges; DJIA Vs DX correlation suggests a word...
Forex-Metal Daily Analysis -08/02/2012
The Euro boosted on rumors of early agreement between Greece authorities and
EU Debt Crisis Continues to Fuel Risk Aversion
The euro-zone debt crisis continued to fuel risk aversion in the market place yesterday, as poor news briefly brought the EUR/USD pair below the 1.3100 level. The pair staged a recovery later in the European session, after...
USD/CAD Forecast February 8, 2012, Technical Analysis
The USD/CAD pair tried to rally during the Tuesday session, but failed at the parity level for the second day in a row. The oil markets rallied during the session, and this certainly had some kind of...