Forex news – Monthly review- 30.09.2012
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Category: Daily Forex Reports
USD/JPY Forecast October 1, 2012, Technical Analysis
The USD/JPY pair rose during the Friday session as we slammed back into the 78 handle. However, that level continues to be resistive and the market could not hold that price. Nonetheless, we think that this market...
USD/CAD Forecast October 1, 2012, Technical Analysis
The USD/CAD pair fell during much of the session, but bounced at the 0.98 handle in order to prove the area supportive yet again. Right now, it looks like we have a serious fight on our hands...
GBP/USD Forecast October 1, 2012, Technical Analysis
The GBP/USD pair fell during the session on Friday as the 1.63 level continues to be a bit too resistive for this currency pair. However, we are still bullish of the British pound, and think that any...
EUR/USD Forecast October 1, 2012, Technical Analysis
The EUR/USD pair initially rose during the Friday session, but fell once we get close to the 1.30 handle. The resulting move have the market falling down towards the 1.2850 level, and the candle does in fact...
AUD/USD Forecast October 1, 2012, Technical Analysis
The AUD/USD pair fell during the session on Friday in order to retest the hammer from the Wednesday trading session. The 1.03 level below seem to be supportive, and as such we think that there is a...
Daily FX perspective October 01, 2012 – GFM Research
On Friday, 28-09-12, the US Dollar traded weak for most of the European session; but appreciated during the American session on the event of profit taking witnessed on most of the asset classes, especially the bench mark...
EUR/USD: Worries Over Spain Linger After Bank Stress Tests
In the previous European trading session, the Euro lost versus the US dollar, despite the seemingly positive result of the Spanish bank stress test, as markets remain doubtful whether Spain would ask for a bailout or not....
NZD/USD: Kiwi Falls as Market Sentiment Deteriorates
The New Zealand dollar is presumed to continue losing ground opposite the US dollar as investors pare back risk on further signs of a slowing global economy. Last Friday, concerns about Spain and the US economy dampened...
Will the Loonie’s Popularity Last?
If we can use the Canadian Dollar futures markets as a barometer, speculators have become quite bullish on the loonie. In our recent quarterly review of the volume changes in currency trading, we noted the remaining open...