Yen Sinks against Majors
The yen hit a three-month low against the dollar and 5-1/2 month against the EUR, as the JPY remained pressured by persistent speculation that the Bank of Japan may decide on more monetary stimulus at a policy...
Category: Daily Forex Reports
EUR/GBP: Sterling Setting Up for Gains
The British pound looks to step in some gains over the Euro today as the single currency faces uncertainties in the economic front. On the other hand, the Sterling looks on track to rise as a report...
Speculators Continue to Hold Big USD Short
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 Forecast October 23, 2012, Technical Analysis
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...
USD/CAD Forecast October 23, 2012, Technical Analysis
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...
GBP/USD Forecast October 23, 2012, Technical Analysis
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...
EUR/USD Forecast October 23, 2012, Technical Analysis
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...
AUD/USD Forecast October 23, 2012, Technical Analysis
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...
USD/JPY: Yen Falls as BOJ Reiterates Easing Commitment
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...
EUR/USD forecast weekly review – 22.10.2012
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....