EUR/USD Fails to Move Below 1.3000 Level
The US dollar largely maintained its recent gains against the euro throughout yesterday’s trading session, as a batch of positive US data continued to boost confidence in the American economic recovery.
Category: Daily Forex Reports
AUD/USD Forecast March 16, 2012, Technical Analysis
The AUD/USD pair bounced from the start of the 1.04 level on Thursday, overtaking the losses from the Wednesday session. The pair also bounced from the 38.2 Fibonacci level, and this bodes well for the bulls at...
EUR/USD Forecast March 16, 2012, Technical Analysis
The EUR/USD pair rose during the session on Thursday as the 1.30 level held firm as support. The area is a 200 pip “zone” of support that continues to frustrate the bears, and shows just how supportive...
GBP/USD Forecast March 16, 2012, Technical Analysis
The GBP/USD pair rose for the session on Thursday as the 1.5650 level continued to hold as support. The pair looks weak overall, but it doesn’t seem quite ready to fall yet. The level could provide a...
USD/CAD Forecast March 16, 2012, Technical Analysis
The USD/CAD pair fell during the session on Thursday as the oil markets were rocked back and forth due to rumors of the Strategic Petroleum Reserve being tapped by both the United States and the United Kingdom....
USD/CHF Forecast March 16, 2012, Technical Analysis
The USD/CHF pair fell for the session as the Dollar pulled back against many of the major currencies on Thursday. The pair has recently broken above the 0.9250 level, and this shows that perhaps there is more...
USD/JPY Forecast March 16, 2012, Technical Analysis
If you have been watching our videos, you know that we are already long of this pair. The Thursday action was a bit weak, but after the move upwards, this pullback is minor at best. The Bank...
Forex-Metal Daily Analysis -15/03/2012
The U.S. dollar strengthened after the FOMC’s decision on interest rate.
Fed Outlook Gives Dollar Additional Boost
A positive economic outlook from the US Federal Reserve earlier this week, helped boost the dollar against its main currency rivals throughout yesterday’s trading session. The news helped boost the USD/JPY to a fresh 11-month high, while...
USD/CAD Forecast March 15, 2012, Technical Analysis
The USD/CAD pair gained during the session on Wednesday as the oil markets fell. The pair continues to chop around below the parity level and with so many different support levels below, this pair will continue to...