Positive US Data Boosts Dollar
The US dollar received a boost against several of its main currency rivals yesterday, following the release of better than expected ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI figures.
Category: Daily Forex Reports
Daily FX perspective October 04, 2012 – GFM Research
The Greenback traded mixed against the major pairs, wherein it continued appreciating against the Cable and the Aussie; it traded flat against the Common currency and the Swiss Franc.
USD/JPY Forecast October 4, 2012, Technical Analysis
The USD/JPY pair had a strong showing on Wednesday as we gained 50 pips. While this doesn’t seem like a big move, in this highly manipulated market it truly is. With the Federal Reserve and the Bank...
USD/CAD Forecast October 4, 2012, Technical Analysis
The USD/CAD pair rose during the session on Wednesday as we entered the resistance zone going all the way to 0.9950 or so. This cluster should continue to keep the bit of a lid on this currency...
GBP/USD Forecast October 4, 2012, Technical Analysis
The GBP/USD pair fell during the session after initially trying to rally on Wednesday, as we start to head back down towards the 1.60 level. However, the 1.60 level looks to be very supportive, and we do...
EUR/USD Forecast October 4, 2012, Technical Analysis
The EUR/USD pair attempted to rally during the session on Wednesday as the Euro continues get a bit of a reprieve. However, the 1.30 level looks to be a bit too restrictive for this currency, and as...
AUD/USD Forecast October 4, 2012, Technical Analysis
The AUD/USD pair fell hard during the session on Wednesday as the commodity markets in general have taken a beating. It should also be noted that the Reserve Bank of Australia looks likely to continue to cut...
Forex Daily review- 03.10.2012
Tracking the EUR/USD pair Date: 02.10.2012 Time: 21:02 Rate: 1.2919 Daily chart Last Review
Investors wait for Spanish Bailout News
The anticipation of a Spanish bailout affected all major currencies and pairs yesterday. While a request for a bailout by Spain could see a short-term rally in the euro, there is some resistance to it in the...
Daily FX perspective October 03, 2012 – GFM Research
The Dollar traded flat against the major pairs of the Euro and the Cable but has appreciated by more than 100 pips against the Aussie on the event of profit taking witnessed on most of the asset...