Optimism in Global Economic Recovery Turns Dollar Bearish
The safe-haven US dollar took losses against several of its main currency rivals yesterday, as increased optimism in the global economic recovery led to risk taking in the marketplace.
Category: Daily Forex Reports
USD/JPY Forecast November 30, 2012, Technical Analysis
The USD/JPY pair did very little during the session on Thursday as the markets go back and forth between trying to figure out whether or not the main players in Congress are close to a fiscal deal...
USD/CAD Forecast November 30, 2012, Technical Analysis
USD/CAD pair did very little on Thursday as the markets continue to try and figure out what is going on with the U.S. Congress and their fiscal cliff talks. With this being said, the 0.99 level looks...
GBP/USD Forecast November 30, 2012, Technical Analysis
The GBP/USD pair rose during the Thursday session to trigger buy orders from the hammer that had formed on Wednesday. We are still bullish of this pair, and think that a break above the 1.6050 level will...
EUR/USD Forecast November 30, 2012, Technical Analysis
The EUR/USD pair rose during the session on Thursday, but gave back about half of its gains for the day by the time we closed. The 1.3050 level continues offer resistance, and the candle almost looks like...
AUD/USD Forecast November 30, 2012, Technical Analysis
The AUD/USD pair had a pretty very session during the Thursday trading day, as we continue to see the 1.05 level is far too resistive to overcome. With this in mind, we also see quite a bit...
Daily FX Perspective November 30, 2012 – GFM Research
The Dollar Index is trading tight at the short term support of 80.00 ranges; it is currently trading at 80.18 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
How Will the Markets Discount the Fiscal Cliff?
Often markets, confronted by a forthcoming risk event, will weigh the pros and cons of an anticipated outcome. Price will be determined by the collective judgement of the market appraising the involved risk.
“Fiscal Cliff” Fears Turn Commodities Bearish
The price of crude oil and gold tumbled yesterday, as concerns about the upcoming US “fiscal cliff”, a series of automatic tax increases and spending cuts set to take place if the US Congress fails to reach...
USD/JPY Forecast November 29, 2012, Technical Analysis
The USD/JPY pair fell during much of the session on Wednesday, but found the 82 level supportive by the end of the session, and formed a hammer. This hammer suggests that we are going to continue higher...