Forex-Metal Weekly Analysis
Market review for 2 – 6.07.2012
Category: Daily Forex Reports
EUR/USD Falls to 2-Year Low
A worse than expected US Non-Farm Payrolls figure on Friday led to risk aversion in the marketplace and sent the euro to a two-year low against the US dollar. Commodities and precious metals also saw bearish movement...
EUR/USD Forecast July 9, 2012, Technical Analysis
The EUR/USD pair fell precipitously for a third day in a row after the poor jobs number out of the United States was released. For the first time in two years, this pair is closing below the...
USD/JPY Forecast July 9, 2012, Technical Analysis
USD/JPY fell during the Friday session as the US jobs report came out weaker than expected, pushing this pared down to the 70.50 level where it found previous support. The church still looks like it is trying...
GBP/USD Forecast July 9, 2012, Technical Analysis
The GBP/USD pair fell on Friday as the jobs number came out weaker than anticipated. The 1.55 level was violated, but not significantly so and as such we think that further weakness will need to be seen...
AUD/USD Forecast July 9, 2012, Technical Analysis
AUD/USD fell for much of the Friday session as the US jobs number disappointed. The candle did find a bit of a bounce at 1.02, and as such it does look like there is some form of...
USD/CAD Forecast July 9, 2012, Technical Analysis
The USD/CAD pair had a relatively strong day during the Friday session as the markets were rocked by another poor employment number out of the United States. The pair gave back some of its gains towards the...
Economic Numbers Continue Bearish – Where Do We Buy The Swiss Franc?
Continuing from last Thursday’s trend when the Europeans and the Chinese cut their bank rates, and the Brits commenced another £50B of quantitative easing, Friday’s numbers continued bearish. Most significant were the US employment numbers.
Forex-Metal Daily Analysis -06/07/2012
The ECB reduced the interest rate of Euro zone to record low level of 0.75%
ECB Rate Cut Leads to Broad Euro Losses
The euro fell across the board yesterday, following euro-zone interest rate cut which caused investors to shift their funds to safe-haven assets. The EUR/USD dropped to a one-month low, while the EUR/JPY fell some 140 pips during...