Market Volatility Expected Ahead of NFP Report This Week
Despite a better than expected US GDP report on Friday, the US dollar took somewhat significant losses against the Japanese yen before markets closed for the week.
Category: Daily Forex Reports
Daily FX perspective October 29, 2012 – GFM Research
The Dollar Index is still trading range bound between 80.00 and 79.00. The USD traded flat against most of the FX majors, though mild correction was observed in the Cable after the Cable has appreciated during past...
USD/JPY Forecast October 29, 2012, Technical Analysis
The USD/JPY pair fell during the session on Friday as the risk appetite fell around the world. The 80 handle continues offer significant resistance, and we could not get above the all-important 80.50 level. If that level...
USD/CAD Forecast October 29, 2012, Technical Analysis
The USD/CAD pair rose during the session on Friday in order to test the parity level as resistance. The level did hold at the end of the day, but is currently being threatened.
GBP/USD Forecast October 29, 2012, Technical Analysis
The GBP/USD pair fell slightly during the Friday session as we attempted to break out above the 1.61 handle. However, it must be said that this pair is starting to show real signs of strain, and as...
EUR/USD Forecast October 29, 2012, Technical Analysis
The EUR/USD pair fell during the session on Friday but found a bit late in the day in order to form a hammer. This hammer was formed directly after a shooting star, so it does suggest to...
AUD/USD Forecast October 29, 2012, Technical Analysis
The AUD/USD pair fell during the Friday, but got a bit once we got below the 1.03 level. This formed a hammer, and as such it looks like we have support to go higher. However, we have...
US GDP Figure Set to Impact Markets Today
The USD/JPY spent most of the day yesterday within reach of a recent four-month high, as speculations that the Bank of Japan would soon initiate a new round of quantitative easing continued to weigh down on the...
USD/JPY Forecast October 26, 2012, Technical Analysis
The USD/JPY pair shot straight up during the session on Thursday as the bullishness in this market continues. In fact, it is the first time that we have closed over the 80 handle and quite some time....
USD/CAD Forecast October 26, 2012, Technical Analysis
The USD/CAD pair fell most of the session during Thursday, but caught a bid the closer we got to the 0.99 handle. This resulted in a hammer, which is the second one in a row on this...