USD/CAD Forecast December 20, 2012, Technical Analysis
The USD/CAD pair initially fell during the Wednesday session, but as the date grew longer, we got more and more negative headlines out of Washington DC which push the Dollar higher.
Category: Daily Forex Reports
GBP/USD Forecast December 20, 2012, Technical Analysis
The GBP/USD pair tried to break through the 1.63 handle on Wednesday, but with the beat back by the sellers. The decisive turnaround was quite impressive, and formed a nasty looking shooting star.
EUR/USD Forecast December 20, 2012, Technical Analysis
The EUR/USD pair shot straight up during most of the session on Wednesday, but ran into far too much trouble as the 1.33 level in order to keep going higher.
AUD/USD Forecast December 20, 2012, Technical Analysis
The AUD/USD pair had a negative session after initially trying to rally on Wednesday as the 1.05 level was overcome by the sellers. We do have to consider the 1.04 level as a significant support level below...
AUD/CAD: Loonie Set to Benefit from Santa Rally
Market expectations that a resolution to the budget impasse will soon be reached, and the United States will avert the looming fiscal cliff, has risk confidence supporting demand for the Canadian dollar over the Australian currency.
Market Volatility Expected Following German, US Data
Signs of progress in budget negotiations between US Congressional leaders and President Obama led to moderate risk taking yesterday, which gave a boost to the euro. That being said, a lack of significant international news resulted in...
USD/JPY Forecast December 19, 2012, Technical Analysis
The USD/JPY pair rose during the session on Tuesday as the 84 handle continues to offer support. The testing of it for support has gone on for the last 40 hours, and the fact that we could...
USD/CAD Forecast December 19, 2012, Technical Analysis
The USD/CAD currency pair rose during the session on Tuesday, but remains consolidating between the 0.98 and 0.99 handles. We think this pair will be one of the most sensitive to the so-called “fiscal cliff”, and as...
GBP/USD Forecast December 19, 2012, Technical Analysis
The GBP/USD pair shot straight up during the Tuesday session as we broke above the 1.62 handle. This area signified a resistance level that finally has given way, and because of this, it does look like we...
EUR/USD Forecast December 19, 2012, Technical Analysis
The EUR/USD pair shot straight up during the Tuesday session, as the 1.3150 level has been confirmed as a floor. The candle is very bullish, and we did close towards the very highs for the day, always...