EUR Tumbles vs. Main Currency Rivals
The euro extended its bearish trend against virtually all of its main currency rivals during yesterday’s trading session, as investor fears regarding Spanish debt led to risk aversion in the marketplace.
Category: Daily Forex Reports
Spanish Debt Worries Cause Euro to Tumble
Investor concerns regarding Spanish debt led to an increase in risk aversion on Friday, and caused the euro to tumble vs. its main currency rivals. Furthermore, news that the Chinese economy grew at a slower than expected...
EUR/USD Forecast April 16, 2012, Technical Analysis
The EUR/USD pair fell hard during the session on Friday as Spanish bond yields spiked yet again. The cost of insuring those bonds is also rising, and as a result people are dumping the Euro.
USD/JPY Forecast April 16, 2012, Technical Analysis
The USD/JPY pair fell slightly for the session on Friday as the “risk off” attitudes hit the markets in general again. The Chinese GDP numbers came out a bit light, and as a result many traders got...
GBP/USD Forecast April 16, 2012, Technical Analysis
The GBP/USD pair fell hard on Friday as the world’s traders sold off risk in general. The Chinese GDP numbers fell flat, and people took risk off going into the weekend as a result. However, the reaction...
AUD/USD Forecast April 16, 2012, Technical Analysis
The AUD/USD pair fell on Friday as the sellers came into the various markets and got rid of risk before the weekend. The 200 day EMA is slicing through the center of the recent price action, and...
USD/CAD Forecast April 16, 2012, Technical Analysis
The USD/CAD pair rose during the Friday session as the “risk off” attitude came roaring back to the markets. The pair continues to find the parity level as resistive, and the market has a resistance zone all...
Forex-Metal Daily Analysis -12/04/2012
The Australian Employment Change report generated a positive bios and Australian currency rose against all major currencies.
Euro Hits 1-Week High vs. USD
The euro rose to a one-week high against the US dollar during yesterday’s trading session, as positive international fundamental data led to an increase in risk taking. Analysts are warning that overall market sentiment is still bearish...
USD/JPY Forecast April 13, 2012, Technical Analysis
The USD/JPY pair fell for the session on the day Thursday. The 80 handle below should continue to remain supportive, and we think that selling it is going to be hard to do until we get below...