Forex-Metal Daily Analysis -03/04/2012
The negative Euro-zone news’ release pressured the Euro currency.
Category: Daily Forex Reports
Risk Aversion Boosts Safe Haven Currencies
Fears regarding the pace of the global economic recovery sent riskier assets lower during yesterday’s session. The EUR/USD fell some 90 pips during the European session, while the EUR/JPY tumbled close to 150 pips.
USD/CAD Forecast April 3, 2012, Technical Analysis
The USD/CAD pair fell on Monday as the oil markets perked back up. The pair has been stuck in consolidation lately, capped by the parity level on the upside, and the 0.9850 level on the lower part.
AUD/USD Forecast April 3, 2012, Technical Analysis
The AUD/USD pair fell for much of the session on Monday, only to pop back up and print a hammer in the previous gap by the close. This signals that we could perhaps get serious support in...
GBP/USD Forecast April 3, 2012, Technical Analysis
The GBP/USD pair rose again during the Monday session, but finished a bit flimsy. The 1.60 level has been broken, but the pair is closing as a bit of a doji, if not a semi-shooting star. The...
USD/JPY Forecast April 3, 2012, Technical Analysis
The USD/JPY pair had a rough day on Monday as the bears sold this pair off. The resulting candle is a long red one, and it is sitting right on the 0.82 support level. The pair looks...
EUR/USD Forecast April 3, 2012, Technical Analysis
The EUR/USD pair fell during most of Monday’s session, but managed to bounce back in the end in order to form a hammer. The pair looks like it wants to go higher, but it should be mentioned...
Forex-Metal Weekly Analysis
Market review for 26 – 30.03, 2012 Euro: At the beginning of the week the Euro showed slightly growth against its competitors
USD/CAD Forecast April 2, 2012, Technical Analysis
The USD/CAD pair still struggled at the parity level on Friday, in a pattern that has become quite familiar. The market looks like it wants to consolidate, and as such we can only play this as a...
AUD/USD Forecast April 2, 2012, Technical Analysis
The AUD/USD pair fell during the Friday session, after forming a hammer on Thursday. Because of this, we are looking at a market that could be heading into a consolidation move. The 1.04 level is important, and...