US, Euro-Zone News Set to Generate Volatility Today
A lack of significant international news yesterday, combined with concerns regarding a hurricane set to hit the United States resulted in low volatility in the marketplace.
Category: Daily Forex Reports
EUR/GBP: Euro Falls as Markets Remain Pessimistic
In the previous European trading exchanges, the Euro gained versus the Great British pound as Bank of England Deputy Governor Charles Bean appeared to have dampened optimism towards the UK economy when he warned against being too...
Buy the Pound, Sell the Euro?
EURGBP. We had some interesting economic numbers released last week. Perhaps overlooked was the European M3 money supply report. This is the broadest measurement of the money supply and the quarterly and yearly growth numbers were both...
Daily FX perspective October 30, 2012 – GFM Research
The Dollar Index is still trading range bound between 80.40 and 79.00. The USD traded flat against the Euro, the Swiss Franc and the Aussie Dollar but appreciated by more than 70 pips against the Cable.
USD/JPY Forecast October 30, 2012, Technical Analysis
The USD/JPY pair rose slightly during the session on Monday as the bounce back from Friday’s selloff fails to impress. However, it should be noted that with the hurricane in the United States, the liquidity dried up...
USD/CAD Forecast October 30, 2012, Technical Analysis
The USD/CAD pair rose during the session on Monday and even managed to break above the parity level. This is a signal that the US dollar is going to continue to gain against the Canadian dollar. This...
GBP/USD Forecast October 30, 2012, Technical Analysis
The GBP/USD pair fell in a steady manner during the Monday session as the British pound in general weekend. We solve Pound weakness against the dollar, the Swiss franc, and the Japanese Yen. With this being said,...
EUR/USD Forecast October 30, 2012, Technical Analysis
The EUR/USD pair fell during the session as the Dollar gained in general against most currencies. Looking at this chart, you can see that we are trying to go higher overtime, but it is been a ridiculous...
AUD/USD Forecast October 30, 2012, Technical Analysis
The AUD/USD pair fell during the session on Monday as the “risk off” trade came back into play. However, with the hurricane bearing down on the New York/New Jersey area, we saw much less liquidity in the...
More Evidence of a European Slowdown
EURUSD. Reports Wednesday October 24 confirmed that the economic slowdown which has been plaguing the countries in Southern Europe is moving north. The German Manufacturing PMI (M/M) was down to 45.7 from 47.4 last month. The Services...