The Japanese yen is foreseen to weaken opposite the US dollar today after sources reveal that the Bank of Japan will likely cut its growth forecasts and could debate expanding its asset-buying program later this month.
Date: 16.10.2012 Time: 19:50 Rate: 1. 3047 Daily chart Last Review During the last trading week the price has checked again the 1.2824 price level and jumped back up after touching it. It is possible to see...
Date: 16.10.2012 Time: 21:08 Rate: 1.6114 4 Hour chart Last Review It is possible to see that the price has corrected the short move upwards (black broken line) by 61.8% and the long move upward (blue broken...
Date: 16.10.2012 Time: 22:13 Rate: 1.0276 4 Hour chart Last Review The price has raised and corrected the last downtrend which started on the 1.0474 price level (red broken line) by a third to the 1.0275 price...
Date: 16.10.2012 Time: 21:23 Rate: 0.9260 4 Hour chart Last Review The price is ranging between the 0.9300 and the 0.9438 price levels while breaking of the 0.9438 price level in a proven way will probably lead...
Yesterday’s economic report indicated that confidence among German investors improved for a second month in October, after the European Central Bank announced its new bond-buying program to help lower bond yields of troubled countries.
The euro made bullish gains yesterday morning against the dollar and yen, as investors increased their confidence regarding Spain asking for a bailout and confidence in the German economy. Today, the main piece of economic news is...
Since the beginning of August, currency futures speculators have been putting on a very large long position in the Canadian Dollar. According to the latest COT report, the spec long was down from the high, 139.3K contracts...
The US Dollar continues down trend after hitting short term resistance of 80.25 ranges a couple of days back to currently trade at short term support of 79.20 resulting in appreciation of most of the asset classes,...
The latest release of the Reserve Bank of Australia’s Minutes of the Policy Meeting highlighted a sluggish economic growth in China and the European debt crisis that drove the decision of the central bank to lower the...
