EUR/USD: Euro Riding on Central Bank Hopes
In spite of fading expectations of stimulus action this week by the US Federal Reserve and the European Central Bank, the demand for the Euro opposite the US dollar continues to thrive.
Category: Daily Forex Reports
Spain: Stuck in Recession
Economic fundamentals for Spain started off on a bad note this week, intensifying worries that the end for the country’s domestic problems is still out of sight.
EUR Sees Mild Gains in Slow Trading Day
The euro saw very mild gains against the US dollar and Japanese yen during trading yesterday, as investors remained cautious about going overly bullish on the common-currency ahead of an ECB policy meeting on Thursday.
EUR/USD Forecast August 1, 2012, Technical Analysis
The EUR/USD pair rose during the session on Tuesday as traders bought into the notion that the European Central Bank was going to ride to the rescue. However, any easing out of that central bank will ultimately...
USD/JPY Forecast August 1, 2012, Technical Analysis
USD/JPY rallied during the Tuesday session, but failed in the end. The resulting daily candle is a shooting star, and as a general rule we would be very interested in selling this market. However, we see the...
GBP/USD Forecast August 1, 2012, Technical Analysis
The GBP/USD fell during the session on Tuesday as the British pound got pummeled. In fact, we broke the bottom of the hammer from the Monday session that it of course signal selling positions. However, at the...
AUD/USD Forecast August 1, 2012, Technical Analysis
The AUD/USD pair rally during the session on Tuesday, only to turn around and all in the end. This formed a shooting star the 1.05 level, and this does of course look very bearish. It should be...
USD/CAD Forecast August 1, 2012, Technical Analysis
The USD/CAD pair rose during the session on Tuesday as it bounced from the parity level. We suggested yesterday that this could be the case, and it does in fact look like the level held as support....
USD/JPY: technical analysis – July 31, 2012
The USD/JPY pair may be on its way down to retouch the 77.70 lows. This could be the final 5th Elliot wave of a 5-wave move which started in June. There was a false break back into...
EUR/USD Forecast July 31, 2012, Technical Analysis
The EUR/USD pair fell during the Monday session after forming a shooting star at the 1.23 level on Friday. This is a bearish turn of events, but it should be said that there was a little bit...