Disappointing Jobs Report Turns Dollar Bearish
The USD tumbled on Friday, following a worse than expected Non-Farm Employment Change report that signaled a slowing down in the US economic recovery.
Category: Daily Forex Reports
EUR/USD Forecast September 10, 2012, Technical Analysis
The EUR/USD pair shot straight up during the trading day on Friday as the US jobs number disappointed. This suggests to most traders that the Federal Reserve will have to implement further monetary easing in the near...
USD/JPY Forecast September 10, 2012, Technical Analysis
USD/JPY fell during the Friday session as the US jobs numbers came in rather anemic. Because of this, it appears that the Federal Reserve will be forced to embark on quantitative easing yet again, and this should...
GBP/USD Forecast September 10, 2012, Technical Analysis
GBP/USD rose during the Friday session as the jobs number in the United States disappointed. With the anemic growth in the month of August, it appears that the Federal Reserve will have to embark on more monetary...
AUD/USD Forecast September 10, 2012, Technical Analysis
The AUD/USD pair had a stellar day on Friday as the jobs report in the United States came out poorly. This signals that the Federal Reserve will more than likely be forced to embark on more quantitative...
USD/CAD Forecast September 10, 2012, Technical Analysis
The USD/CAD pair fell through the 0.98 handle on Friday as the jobs number in the United States came out weak. This should signal further monetary easing by the Federal Reserve, and as such the commodity currencies...
GBP/USD: technical analysis – September 7, 2012
Cable has started to show signs of possible weakness. This morning it has started to fall after positing a shooting start on the 4-hour chart. Momentum is diverging widely with price on the daily supporting the bearish...
EUR/USD: channel resistance
Eurodollar has moved up to the upper channel line and hit resistance. It has also finished an A-B-C formation and therefore it will probably fall from here, down to perhaps support at 1.2625, although there are no...
USD/JPY Forecast September 7, 2012, Technical Analysis
The USD/JPY pair spiked during the Thursday session as the “risk on” trade came into play. The 70.75 level has given way; we think that this pair could continue higher. In fact, overall we think that the...
USD/CAD Forecast September 7, 2012, Technical Analysis
The USD/CAD pair fell hard during the Thursday session and crashed into the support level at the 0.98 level. One thing you should know about this currency pair is that it is highly sensitive to the jobs...