AUD/USD Forecast July 2, 2012, Technical Analysis
The AUD/USD pair absolutely exploded during the Friday session as the word got out that the European Union came up with a possible workaround for the Spanish and Italian bond markets.
Category: Daily Forex Reports
USD/CAD Forecast July 2, 2012, Technical Analysis
The USD/CAD pair fell hard during the Friday session as the oil markets absolutely spiked in reaction to the European Union meeting and its announcement.
Has Something Positive Come From The Brussels Meeting?
Years ago, when working as a grain analyst for Merrill Lynch in Chicago, we had a meat analyst whose trading recommendations were almost always wrong.
USD/JPY Forecast June 29, 2012, Technical Analysis
USD/JPY fell on Thursday session, but recouped much of its losses. The resulting candle was a hammer, and it does look like we are starting to see some significant support at the 79.50 level. Below this area...
USD/CAD Forecast June 29, 2012, Technical Analysis
The USD/CAD currency pair rose dramatically during the Thursday session as the dollar gained in general. The breaking of the 1.03 level was significant, and although we did pare the gains a bit towards the end of...
GBP/USD Forecast June 29, 2012, Technical Analysis
GBP/USD fell during the session on Thursday as risk was drained out of the markets. 1.55 is an obvious support level, and it appears that the cluster has held for now. Going forward, a supportive candle in...
EUR/USD Forecast June 29, 2012, Technical Analysis
The EUR/USD pair fell during the Thursday session, but found a bid again late in the day as traders weren’t ready to take on a lot of risk in one direction or another before the EU meetings....
AUD/USD Forecast June 29, 2012, Technical Analysis
The AUD/USD pair fell for most of the session after an initial spike. The candle from Thursday looks a bit like a long legged doji and suggests that there is a bit of confusion in the markets....
Italian Bond Auction Leads to EUR Losses
The euro tumbled to a three-week low against both the US dollar and Japanese yen yesterday, following an Italian bond auction and general pessimism regarding an EU summit. While crude oil saw gains early in the day,...
Markets Digesting an Abundance of News – Sell the Canadian Dollar?
With the US Supreme Court decision on Obamacare expected to dominate the news cycle, major corporations chose yesterday to unload some bad news.