AUD/USD Forecast June 4, 2012, Technical Analysis
The AUD/USD pair had a bearish day on the Friday session as the Non-Farm Payroll reports in America came out very weak. However, the bounce at the end of the day managed to form a hammer in...
Category: Daily Forex Reports
USD/CAD Forecast June 4, 2012, Technical Analysis
The USD/CAD pair shot straight up for the session on Friday as the Non-Farm Payroll number came out very weak. The mere 69 thousand jobs that America added suggests that the demand for Canadian crude will be...
Disappointing Non-Farm Payrolls Sends USD Tumbling
The USD tumbled vs. its main currency rivals on Friday, following the release of a worse than expected Non-Farm Payrolls figure which showed that the US only added 69K jobs in May. Analysts had been forecasting the...
USD/JPY Forecast June 1, 2012, Technical Analysis
The USD/JPY pair fell on Thursday as the “risk off” trade continues to rock the markets. The Non-Farm Payroll numbers come out later today, and if the number is strong, this pair could see a nice bounce.
USD/CAD Forecast June 1, 2012, Technical Analysis
The USD/CAD pair rose and cleared the 1.03 level on Thursday as the resistance finally gave way. The oil markets continue to look weak, and as a result of this CAD is hurting. This should continue as...
GBP/USD Forecast June 1, 2012, Technical Analysis
The GBP/USD pair had another rough day on Thursday as the bearish tone in the markets continue to run over everything else. The Pound has suffered over the last several days, and the fact that we have...
EUR/USD Forecast June 1, 2012, Technical Analysis
The EUR/USD pair continued to fall during the Thursday session, but not without a serious attempt to rally. The Euro got a bit of a lift on a rumor that the International Monetary Fund was talking with...
AUD/USD Forecast June 1, 2012, Technical Analysis
The AUD/USD pair attempted a rally on Thursday as the 0.97 level was tested. The resulting candle was green, but just barely. Even more interesting is the fact that the candle is a shooting star at the...
Markets Eagerly Awaiting US Non-Farm Payrolls
The euro saw a mild upward correction during mid-day trading yesterday amid hopes that Ireland would ratify a euro-zone fiscal pact. That being said, the rally was short-lived and the EUR/USD was once again trading below 1.2400...
EUR/USD Forecast May 31, 2012, Technical Analysis
The EUR/USD pair fell hard on Wednesday as a continuation of the concerns occurred worldwide. The Spanish banks are now front and center, and as such we are now worried about the entire zone on the whole,...