COT (Commitment of Traders) Report, 16 October 2012. The most recent weekly COT report show that the specs are short the Euro, and they have even larger positions short the USD and long the commodity currencies (Canadian,...
USD/JPY rose during the session on Monday as the Bank of Japan is expected to add to its monetary easing policy in the near future. Because of this, we think that the 80 level is about to...
The USD/CAD pair had a slightly negative session on Monday, as it looks ready to pullback and retest the 0.99 level as possible support. However, we see a lot of resistance all the way to parity, and...
The GBP/USD pair bounced off of the 1.60 level on Monday to continue to show support at that level. This area is a large round number, and as a result we believe it will continue to attract...
The EUR/USD pair rose slightly during the session on Monday as the 1.30 level held to be support. The area should continue to offer support, but we see a lot of noise above also. While this market...
The AUD/USD pair bounced off the 1.03 level in order to form a hammer by the end of the session on Monday, which of course is rather supportive. What have to wait and see, but it looks...
The Japanese yen is foreseen to continue weakening opposite the US dollar today as views of additional monetary easing by the Bank of Japan intensify after the central bank governor Masaaki Shirakawa stressed his resolve to maintain...
Weekly chart Last review EUR/USD forecast – It is possible to see that the 1.2900 price level is still used as a balance level while the price is checking it on the last three candles back and forth....
Weekly chart Last review GBP/USD forecast – The price fell under the descending trend line that is connecting the peaks (red broken line) and corrected the last uptrend (black broken line) by exactly 38.2%to the 1.5985 price...
Gains are forecast to be had by the Euro today against the British pound in spite of a technical resistance at the 0.8144 price mark. EU leaders took a step forward on the path toward a banking...
