EUR Stages Broad Recovery
The euro received a boost following the most recent German Ifo Business Climate figure to close out last week’s trading session. The better than expected news resulted in the EUR/USD shooting up close to 100 pips to...
Category: Daily Forex Reports
EUR/USD Forecast April 23, 2012, Technical Analysis
The EUR/USD pair had a bullish day on Friday, breaking higher on the session as the hammers from the previous two sessions triggered a bullish run. The pair looks as if it will continue higher for the...
USD/JPY Forecast April 23, 2012, Technical Analysis
The USD/JPY pair fell slightly for the session on Friday as the Dollar got hit all around. The Japanese are still printing Yen, and the pullback of this pair wouldn’t be a big surprise as the USD...
GBP/USD Forecast April 23, 2012, Technical Analysis
The GBP/USD pair shot straight up for the Friday session as the 1.6050 level finally gave way. The move may be a bit overextended at the moment, but the pair looks like it is a good “buy...
AUD/USD Forecast April 23, 2012, Technical Analysis
The AUD/USD pair continued to move sideways for the session, sitting just below the 200 day EMA. The pair looks as if it is trying to form some kind of base, but the 1.04 level is going...
USD/CAD Forecast April 23, 2012, Technical Analysis
The USD/CAD pair fell for the session on Friday as the “risk on” trade came back and the US dollar fell in general against most of the world’s currencies.
USD/JPY Forecast April 20, 2012, Technical Analysis
The USD/JPY pair rose during the Thursday session as the uptrend continues to push the pair higher. The candle has broken above the shooting star shaped candle on Wednesday, and this looks like a breach of minor...
USD/CAD Forecast April 20, 2012, Technical Analysis
USD/CAD rose on the session for Thursday as the oil markets were a bit soft, and the risk appetite in the general markets fell. The pair has recently been in massive consolidation, and the move on Thursday...
GBP/USD Forecast April 20, 2012, Technical Analysis
The GBP/USD pair had a positive day on the session for Thursday as the Pound continues to gain after the Bank of England has suggested that the economy will not require further easing.
EUR/USD Forecast April 20, 2012, Technical Analysis
The EUR/USD pair had an important day on Thursday as the Spanish auctioned off their two and ten year bonds to a reasonable amount of demand, albeit on higher rates than the last sale.