USD/CAD Forecast June 20, 2013, Technical Analysis
The USD/CAD pair initially fell during the session on Wednesday, but after the FMOC meeting and minutes, you can see that the market shot straight back up.
Category: Daily Forex Reports
GBP/USD Forecast June 20, 2013, Technical Analysis
The GBP/USD pair fell rather hard during the session on Wednesday as the FMOC announcement suggested that the Federal Reserve would begin to taper off of quantitative easing later this year, and be completely out of that...
EUR/USD Forecast June 20, 2013, Technical Analysis
The EUR/USD pair fell hard during the session on Wednesday, slamming into the 1.33 handle and breaking below it. However, we did get a little bit of a bounce towards the end of the session, and as...
AUD/USD Forecast June 20, 2013, Technical Analysis
The AUD/USD pair fell after initially trying to rally during the session on Wednesday. Once word got out that the Federal Reserve was looking at cutting back on quantitative easing by the end of the year, the...
Daily global currencies review (19 June 2013
Markets are in a stand-by position on Wednesday as investors are waiting the highly anticipated Fed’s meeting with its main highlight- a possible decision on the future of the U.S. asset-purchase programme.
USD/JPY Forecast June 19, 2013, Technical Analysis
The USD/JPY pair rallied during the session on Tuesday, breaking above the 95 handle. In fact, we managed to close above that level in order to show significant support in this general vicinity. With today being the...
USD/CAD Forecast June 19, 2013, Technical Analysis
The USD/CAD pair rose during the session on Tuesday as the US dollar continues to be bid up in general. The market is one that needs to rise back above the 1.02 level for the buyers to...
GBP/USD Forecast June 19, 2013, Technical Analysis
The GBP/USD pair fell during the session on Tuesday, as the market slices below the 1.56 handle during the day. Going forward, we feel that this market is simply pulling back, and that we will eventually certainly...
EUR/USD Forecast June 19, 2013, Technical Analysis
The EUR/USD pair initially fell during the session on Tuesday, but found enough support yet again for the fifth day in a row in order to show strength yet again. The resulting candle formed a hammer, and...
AUD/USD Forecast June 19, 2013, Technical Analysis
The AUD/USD pair fell during the session on Tuesday, after printing a shooting star on Monday. This looks like it’s rather weak, but there is a hammer from last week that suggests that there is a bit...