Forex-Metal Daily Analysis -17/07/2012
The dollar fell sharply on disappointing results of the U.S. Advance Retail
Category: Daily Forex Reports
USDCAD: North American Central Bank Monetary Policies to Drive Loonie Growth
Important discourses from the North American central banks are expected to lift market volatility today, where the Canadian dollar is anticipated to gain opposite the US currency. The Bank of Canada is scheduled to release the nation’s...
EUR/USD: technical analysis – July 17, 2012
The EUR/USD pair is rising within a down-sloping channel. It will probably reach the upper channel line at 1.2360. The target for the double bottom and the monthly pivot, however, lie slightly higher at 1.2380 – another...
Europe: Cause of the Looming Global Economic Dilemma
The International Monetary Fund has stepped up its warnings on risks to the global economy, especially from Europe, as it trimmed its growth forecast for the rest of the year.
EUR/USD Forecast July 17, 2012, Technical Analysis
The EUR/USD pair got a nice bounce after initially falling on Monday as the Americans reported a very weak retail sales number. This had people selling the US dollar, and as a result the euro got a...
USD/JPY Forecast July 17, 2012, Technical Analysis
The USD/JPY currency pair had a bearish session on Monday as the “risk off” trade came into play. This would have been set off by the poor retail sales number coming out United States, and as such...
GBP/USD Forecast July 17, 2012, Technical Analysis
The GBP/USD pair initially fell during the Monday session, only to bounce back and form a bit of a hammer on top of the massive green candle from Friday. This looks as if the 1.56 level will...
AUD/USD Forecast July 17, 2012, Technical Analysis
The AUD/USD initially fell during the session on Tuesday, only to bounce to form a hammer off of the Friday bullishness. Looking at the Australian dollar as a proxy for global risk, it appears that traders believe...
USD/CAD Forecast July 17, 2012, Technical Analysis
The USD/CAD pair tried to rally during the session on Monday, only to turn around and form a shooting star at the all-important 1.0150 level. The currency pair and the oil markets are both in harmony as...
Speculators Increase USD Long and Euro Short
Once again currency futures speculators increased their euro and Swiss franc shorts. The total euro short advanced to 204,608 contracts and the SF to 35,035. Since the Swiss National Bank has pegged the franc with the euro,...