AUD/USD Forecast May 22, 2012, Technical Analysis
The AUD/USD pair shot straight up for the session on Monday as the bounce that many had waited for. The pair seems to be finding a lot of support 0.98 levels, and as a result we think...
Category: Daily Forex Reports
USD/CAD Forecast May 22, 2012, Technical Analysis
The USD/CAD pair fell on the session for Monday and the action was very weak. This pair has recently broken out to the upside recently, and the 1.01 level now should be supportive all the way down...
Speculators Increase Euro Short Positions, COT Report 15th May 2012 Reveals
It was an active week for euro traders. The total size of the speculator short in the euro versus the USD increased to 219,642 contracts, up from 183,685 in the previous week.
EUR Resumes Bearish Trend
After steadily gaining on the dollar and yen yesterday in overnight trading, the euro once again turned bearish during the European session. Renewed concerns regarding the political situation in Greece triggered the bearish correction.
Facebook IPO Fails to Make a Dent in the Marketplace
Following weeks of speculation regarding how Facebook’s debut on the New York Stock Exchange would turn out, investors were mildly disappointed with the social media site’s performance on Friday night.
EUR/USD Forecast May 21, 2012, Technical Analysis
The EUR/USD pair originally fell for the session, but the markets covered short positions late in America in order to create a pop in this pair. The G8 meeting at Camp David over the weekend could produce...
USD/JPY Forecast May 21, 2012, Technical Analysis
The USD/JPY pair continued to fall on the Friday session as the Yen strengthened again. The market is openly speculating that the Bank of Japan will do little to ease next week, and as a result the...
GBP/USD Forecast May 21, 2012, Technical Analysis
The GBP/USD pair has been viciously sold off over the last several sessions, but the Friday markets saw a bit of a reprieve. The daily candle closed to form a bullish hammer at the 1.58 vicinity, and...
AUD/USD Forecast May 21, 2012, Technical Analysis
The AUD/USD pair fell on Friday as the “risk off” attitude continues to haunt the markets. The Aussie is suffering at the hands of the fear of European debt issues and as the risk assets around the...
USD/CAD Forecast May 21, 2012, Technical Analysis
The USD/CAD pair fell for most of the session but saw a nice bounce at the end of the day as the oil markets fell apart. The 1.02 level gave way, and we now are well above...