USD/JPY Forecast May 24, 2012, Technical Analysis
The USD/JPY pair fell during most of the Wednesday session as the risk appetite around the world fell off of a cliff. Also, the Bank of Japan failed to add to their easing at the meeting for...
Category: Daily Forex Reports
GBP/USD Forecast May 24, 2012, Technical Analysis
GBP/USD had a bearish session on Wednesday as the markets continue to worry about all things European. The risk appetite just wasn’t there for people to buy the cable, and as is so often the result, they...
AUD/USD Forecast May 24, 2012, Technical Analysis
The AUD/USD pair fell hard for most of the session as the “risk off” trade was the main theme for the day. However, in the late hours the Americans decided to take the words of the French...
USD/CAD Forecast May 24, 2012, Technical Analysis
The USD/CAD pair rose for much of the session as the “risk off” attitude continues to plague the markets in general. Adding to the bullish pressure is the fact that the oil markets fell, and this in...
Have the Bears Taken the Euro Low Enough?
When is the last time the markets have heard anything bullish about the euro?
USD Moves Up vs. JPY Following Japanese Credit Downgrade
The JPY took losses against the US dollar during European trading yesterday, following a downgrade of Japan’s credit rating. The USD/JPY advanced close to 60 pips over the course of the day, eventually peaking at 79.93.
EUR/USD Prices May 23, 2012, Technical
The EUR/USD pair fell hard during the Tuesday session as fears of a breakup in the region continue. Adding to this pressure was the comments from former Prime Minister of Greece Mr. Papademos, who stated that the...
USD/JPY Price May 23, 2012, Technical
The USD/JPY pair had a bullish day on Tuesday as the world awaits the result of the Bank of Japan’s meeting. The pair slammed into the 80 level again, and there were plenty of offers there to...
GBP/USD Prices May 23, 2012, Technical
The GBP/USD pair fell hard during the Tuesday session as the recent hammer from the Friday session is being tested for support. The breaking of the 1.5700 level would be a signal for us to sell this...
USD/CAD Prices May 23, 2012, Technical
The USD/CAD pair had a bullish session for Tuesday as the bounce recaptured much of what was lost on Monday. The oil markets fell again, and this certainly helped the rise in this pair. The Dollar is...