Any Market Surprises Coming at the End of Quarter Three?
How many times do we get end of the quarter moves in markets simply because it is the end of an accounting period? A money manager who is paid a performance bonus computed at the end of...
Category: Daily Forex Reports
Forex-Metal Daily Analysis -28/09/2012
Market review for 27.09.12: The positive came back on markets. The budget plan of Spain met country-specific recommendations. Asian and European trading sessions:
Euro Extends Bearish Trend
Concerns regarding Spain and Greece’s ability to tackle their debt issues caused the euro to extend its recent bearish trend throughout the day yesterday.
EUR/GBP: Worries Over Spain Hurt the Euro
In the previous European trading session, the Euro lost versus the British pound after the Spanish government revealed economic reforms which are deemed by many as the initial step before it requests for bailout from the Euro...
USD/JPY Forecast September 28, 2012, Technical Analysis
The USD/JPY pair fell during the session on Thursday, but remained above the 77.50 level. This market is currently being buoyed by the Bank of Japan, and as such we are not willing to sell it. Yes,...
USD/CAD Forecast September 28, 2012, Technical Analysis
The USD/CAD pair fell during the session on Thursday, in order to retest the 0.98 level for support. So far, it has found it but it should be suggested that the overall trend is certainly to the...
GBP/USD Forecast September 28, 2012, Technical Analysis
The GBP/USD pair rose during the session on Thursday after printing a nice-looking hammer on Wednesday. We have suggested that the 1.62 level was going to be rather supportive, and as such this move really didn’t surprises.
EUR/USD Forecast September 28, 2012, Technical Analysis
The EUR/USD pair fell originally during the Thursday session, but bounced in order to form a hammer centered around the 1.29 level again. This is the second day in a row we have seen this, and as...
AUD/USD Forecast September 28, 2012, Technical Analysis
The AUD/USD pair shot straight up like it was launched from a cannon on Thursday after printing a nice hammer on Wednesday. The risk on trade came back into focus, and as such it looks like we...
Daily FX perspective September 28, 2012 – GFM Research
The US Dollar resumes down trend as after testing intermediate resistance of 80.00 ranges resulting in most of the asset classes, especially the equities appreciating. The Greenback has lost most against the Cable continued by the Aussie.