EUR/USD Hits 10-Day High
The euro hit a ten-day high against the US dollar during trading yesterday, following a positive Spanish bond auction which led to an increase in risk taking. By the end of European trading, the EUR/USD rose as...
Category: Daily Forex Reports
USD/JPY Forecast June 8, 2012, Technical Analysis
The USD/JPY pair rose again during the session on Thursday in reaction to the lack of easing being mentioned by the Federal Reserve Chairman Ben Bernanke in front of Congress. In fact, Mr. Bernanke even admitted that...
USD/CAD Forecast June 8, 2012, Technical Analysis
The USD/CAD pair fell initially during the Thursday session as the trading world believed Ben Bernanke would deliver some kind of message of further quantitative easing to the Congress, but “Uncle Ben” finally spoke up for the...
GBP/USD Forecast June 8, 2012, Technical Analysis
The GBP/USD pair initially spiked during the Thursday session as the “risk on” trade came back into the fray. However, by the end of the day we had given up quite a bit of ground and the...
EUR/USD Forecast June 8, 2012, Technical Analysis
The EUR/USD pair tried to rally for the session on Thursday as the markets expected Ben Bernanke to talk about stimulus in front of the Congress. The fact is that he didn’t explicitly say so, and even...
AUD/USD Forecast June 8, 2012, Technical Analysis
The AUD/USD pair initially spiked during the session on Thursday as the “hopium rally” started back up. The market looks as if it expected that the Fed Chairman would start to talk about easing during his testimony...
Is the Fate of the Euro the Current Market Driver? How To Trade It?
After being away from the daily skirmishes in the currency wars for over a week, there is always apprehension about your return. Might there possibly be a new set of drivers in these markets, drivers that will...
Spanish Debt Auction Set to Generate Volatility
The euro saw moderate losses in mid-day trading yesterday, as investors remain concerned about Spanish debt and its possible effect on other countries in the region. Following the ECB’s decision to leave euro-zone interest rates at 1.00%,...
EUR/USD Forecast June 7, 2012, Technical Analysis
The EUR/USD pair rose during the session on Wednesday as the 1.25 level gave way as resistance. The pair is getting a boost by the potential easing out of the Fed, and the fact that the ECB...
USD/JPY Forecast June 7, 2012, Technical Analysis
The USD/JPY pair gained for the third session in a row on Wednesday as the “risk on” trade came back into vogue. The Bank of Japan has been jawboning the value of the Yen down again, and...