GBP/USD Forecast July 24, 2012, Technical Analysis
The GBP/USD pair fell for most of the session on Monday, only to bounce at the very end of trading. The 1.55 level has offered support, and this should really be that surprising as it had been...
Category: Daily Forex Reports
AUD/USD Forecast July 24, 2012, Technical Analysis
The AUD/USD pair fell during the Monday session as the “risk off” trade came back into play. There a lot of concerns out of Europe now, mainly revolving around Spanish principalities and cities. Spanish and Italian bond...
USD/CAD Forecast July 24, 2012, Technical Analysis
The USD/CAD pair rose sharply during the Monday session as the global risk appetite waned. However, by the end of the day the pair had pullback on much of its gains, and had formed something along the...
Forex-Metal Weekly Analysis
Market review for 9 – 13.07.2012
AUD/USD: technical analysis – July 23, 2012
The short term outlook for the aussie is uncertain: it has fallen sharply this morning and it may continue lower until it reaches the trend-line at around 1.0235. A deeper penetration would hit the 100-day MA at...
USD/JPY: technical analysis – July 23, 2012
The USD/JPY pair has broken out of the channel it has been trading inside and sold-off down to the monthly pivot at 78.05. It has broken just below the pivot and it may continue even lower. The...
EUR/USD: technical analysis – July 23, 2012
The eurodollar pair has gapped down today and fallen to support at the current 1.2095 level where the monthly and weekly pivots are both situated together. The gap was probably of the break-away variety and it is...
USDCHF: Fed’s Commitment to Recovery Hoist Greenback’s Valuation
The American currency climbed by 97 pips against the Swiss franc as the US economy is pictured to grow even at a slow pace. Though the policy fog, the problems in Europe, the global slowdown are making...
China’s Economic Slowdown
The slowdown of the Chinese economy was confirmed by the release of the GDP figures earlier this month, showing a growth rate of only 7.6 percent in the second quarter of this year, the slowest pace in...
Spain Worries Send EUR to Fresh Lows
Renewed concerns regarding the debt situation in Spain sent the euro plunging to fresh lows against several of its main currency rivals, including the US and Australian dollars and the Japanese yen on Friday.