USD/JPY Forecast June 11, 2012, Technical Analysis
The USD/JPY pair fell for most of the session on Friday, only to turn around and form a hammer in the end. The hammer is just below a massive resistance area though, so we don’t read too...
Category: Daily Forex Reports
GBP/USD Forecast June 11, 2012, Technical Analysis
The GBP/USD pair fell during the Friday session as the Pound’s woes continued. The Dollar has been relentlessly gaining on European currencies in general, and the Pound is no different.
AUD/USD Forecast June 11, 2012, Technical Analysis
The AUD/USD pair fell most of the session on Friday, only to turn around and bounce during the US session. This shows that there is a lot on the market’s mind and a lot of confusion as...
USD/CAD Forecast June 11, 2012, Technical Analysis
The USD/CAD pair rose quite a bit during the session on Friday, only to turn back around as the rumors of a bailout flew around the markets worldwide. The “hopium” trade seems to be back on the...
If QE3 Is Really Imminent, Why Are Commodity Prices Trading So Poorly?
Fear that the global economies are about to contract further has sent the central bankers scrambling for a solution. To no one’s surprise, the central banks are going to figure out a way to loosen the money...
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...
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...