AUD/USD Forecast November 27, 2012, Technical Analysis
The AUD/ USD pair fell on Monday initially, but bounced in order to form a nice-looking hammer. This hammer suggests that we are going to break through the 1.05 level, and continue higher.
Category: Daily Forex Reports
USD/JPY: Policy Board Pushes BOJ for More Easing; Yen Rises
More expansionary wording of the bank’s price outlook released at its Oct. 30 meeting was voted by two new members of the Bank of Japan’s nine-member Policy Board.
Daily FX perspective November 27, 2012 – GFM Research
The Dollar Index is currently trading at 80.00 ranges, after finding resistance at 81.00 ranges from where is sold off during September. Daily close below 79.80 would result in further depreciation of the US Dollar across the...
Black Friday, Eurozone Monday, Weather Wintry
Equities have continued their rally with no negative news to derail last week’s earlier trade. Fears of the ‘fiscal cliff’ were off the front page as President Obama tours South East Asia on what might be called...
Market Volatility Expected Following Eurogroup Meetings
Speculations that a deal will soon be reached to provide Greece with a new round of bailout funds, combined with a better than expected German business climate figure, turned the euro bullish against most of its main...
Daily FX perspective November 26, 2012 – GFM Research
The Dollar Index falls again from 81.20 ranges from where it has sold off during September. Currently it is trading at 80.30 with 79.90-80.00 acting as important support. Daily close below 79.80 would result in further depreciation...
NZD/USD: Kiwi to Rise as Market Moods Improve
The New Zealand dollar is seen to benefit from risk-on trades today as optimism over holiday sales in the US and a Greek aid package is deemed to buoy market sentiment.
USD/JPY Forecast November 26, 2012, Technical Analysis
The USD/JPY fell during the session on Friday, but got a bounce as this pair continues to defy gravity.
USD/CAD Forecast November 26, 2012, Technical Analysis
The USD/CAD pair fell on Friday as the “risk on” rally started up. However, we are still above the 0.99 handle, which of course is a fairly significant support line. As long as we are above that...
GBP/USD Forecast November 26, 2012, Technical Analysis
The GBP/USD pair rose during the session on Friday as we continue to bounce from the 1.58 level. This market has been extremely aggressive to the upside over the last several months, with only as the pullback...