Forex-Metal Daily Analysis -12/04/2012
The Australian Employment Change report generated a positive bios and Australian currency rose against all major currencies.
Category: Daily Forex Reports
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...
USD/CAD Forecast April 13, 2012, Technical Analysis
The USD/CAD pair fell hard during the session on Thursday as the “risk on” trade came roaring into the markets. The pair has broken the bottom of a hammer from the Wednesday session, and as luck would...
GBP/USD Forecast April 13, 2012, Technical Analysis
Cable rose for the Thursday session on the bullish pressure in this pair. The 1.58 level has been supportive, and the 200 day exponential moving average is just below, offer a greater reason to get long.
EUR/USD Forecast April 13, 2012, Technical Analysis
The EUR/USD pair rose for the session on Thursday in response to Janet Yellen of the Federal Reserve talking about the need to keep rates low in the United States going forward. This had the markets repricing...
AUD/USD Forecast April 13, 2012, Technical Analysis
The AUD/USD pair rose on Thursday as the gold markets shot up as well. The Federal Reserve is expected to keep rates low for quite some time as there were a few different board members making comments...
Forex-Metal Daily Analysis -12/04/2012
A decrease in the yield of Spanish and Italian government bonds provided support for the Euro currency.
EUR Stages Slight Recovery, US Data Set for Today
The euro saw mild upward movement during yesterday’s trading session, as gains in stocks drove investors toward riskier assets. That being said, analysts are warning that debt worries in Spain and Portugal still have the potential to...
USD/JPY Forecast April 12, 2012, Technical Analysis
The USD/JPY pair rose during the Wednesday session as the markets tried to bounce from the serious fall on Tuesday. The area that the pair is trading in at the moment is an area that has quite...