AUD/USD Forecast April 30, 2012, Technical Analysis
The AUD/USD pair shot straight up on Friday as the “risk on” attitude came back into the markets. The pair is often used as a proxy for risk appetite and the gold markets, both of which rose...
Category: Daily Forex Reports
USD/CAD Forecast April 30, 2012, Technical Analysis
The USD/CAD pair fell again on Friday as the Dollar negative sentiment continues. The reaction is to words by Federal Reserve Chairman Ben Bernanke, in which he expressed the Federal Reserve’s willingness to prop the economy up...
Forex Markets Chew On Japanese Fundamentals
European news has dominated the forex market with a steady narrative of an ongoing saga, making it easy to forget the Europeans do not have a monopoly on a saga of troubled times. Last night we got...
USD/JPY Forecast April 27, 2012, Technical Analysis
The USD/JPY pair is without a doubt one of the most interesting pairs at the moment. In this market you have a matchup of two central banks that seem dead set on killing off their currencies.
USD/CAD Forecast April 27, 2012, Technical Analysis
The USD/CAD pair bounced hard on Thursday as the 0.98 handle came into the mix in order to give the pair a lift. The recent consolidation did in fact breakdown in order to test the handle, but...
GBP/USD Forecast April 27, 2012, Technical Analysis
The GBP/USD pair rose again during the Thursday session as the breakout continues. However, by the end of the session we saw a doji, and the last couple of days are starting to look a bit exhausted,...
EUR/USD Forecast April 27, 2012, Technical Analysis
The EUR/USD pair tried to gain overall during the session on Thursday, but was repelled by the end of the session to form a bearish candle.
AUD/USD Forecast April 27, 2012, Technical Analysis
The AUD/USD pair rose on Thursday in order to reach the 200 day exponential moving average. The indicator is often used by trend traders, and as such will often act as dynamic support and resistance.
EUR/USD Hits a 3-Week High
The US dollar tumbled vs. its major currency rivals throughout yesterday’s trading session, following the most recent economic predictions from the Fed which stated that a new round of quantitative easing could be initiated if US unemployment...