Concerns Regarding US Economy Leads to Losses for USD
The US dollar took losses against several of its main currency rivals yesterday, amid concerns regarding the US economic recovery, highlighted by a worse than expected Advance GDP figure.
Category: Daily Forex Reports
USD/JPY Forecast January 31, 2013, Technical Analysis
The USD/JPY pair rose during the session on Wednesday, but found the area above the 91 handle a bit too much for the buyers to hold onto. The resulting candle is somewhat of a shooting star, but...
USD/CAD Forecast January 31, 2013, Technical Analysis
The USD/CAD currency pair attempted to rally during the session on Wednesday, but ran into significant resistance at the 1.0050 level. It is because of this that we are starting to suspect that the breakout is a...
EUR/USD Forecast January 31, 2013, Technical Analysis
The EUR/USD pair shot through the 1.35 level finally on Wednesday. This is a significant breakout, in the fact that the market is closing so high suggests that we are just now starting to form the next...
AUD/USD Forecast January 31, 2013, Technical Analysis
The AUD/USD pair had a negative session during the trading day on Wednesday, retesting the 1.04 level. However, it should be noted that that level course did hold as support, and it looks like you’re trying to...
AUD/CAD: Loonie to Benefit from US data, Oswald Impact on Australian Economy
After Mark Carney’s acknowledgment that the financial markets have improved, whilst warning that downside risks remain to the global economy, the Canadian dollar registers gains opposite the Australian currency.
Daily review of USD/JPY
Economic news The yen slides against the dollar The yen reached another low against most of its major counterparts, including the dollar, during the Asian session on Wednesday. The Japanese currency crossed the psychological level of 91...
US Economic Data Set to Generate Volatility Today
The US dollar took losses against virtually all of its main currency rivals yesterday, following a disappointing consumer sentiment indicator that generated concerns regarding the pace of the US economic recovery.
GFM Research Daily FX Report, Jan 30, 2013
Market Commentary The US Dollar is trading mixed since past couple of weeks wherein it has depreciated against the Euro and traded flat against the Swiss France and the Aussie but continued appreciating against the Japanese Yen...
USD/JPY Forecast January 30, 2013, Technical Analysis
The USD/JPY pair bounced slightly during the session on Tuesday, but gave back much of the gains towards the end of the session in order to form a little bit of a shooting star. However, we see...