USD/JPY Hits 3-Month Low amid Poor US News
The USD/JPY hit a fresh 3-month low today, as worse than expected news out of the US continued to weigh down on the pair. Rumors have begun circulating that the Bank of Japan (BOJ) may soon intervene...
Category: Daily Forex Reports
USD/CAD Forecast February 2, 2012, Technical Analysis
USD/CAD fell on Wednesday, and even managed to get below the parity level. However, the market couldn’t maintain a break below the bottom of the Tuesday hammer, and as a result hasn’t really resolved much.
AUD/USD Forecast February 2, 2012, Technical Analysis
AUD/USD continued to rise in value on Wednesday as traders pile into the commodity currencies as a whole. The Aussie is also enjoying the benefits of being highly correlated to gold as well, and as that market...
USD/CHF Forecast February 2, 2012, Technical Analysis
USD/CHF fell for the Wednesday session as the Dollar got hit again. However, the 0.91 level came into play, and held up as support again. The area actually extends down to the 0.90 figure, and as a...
2nd February, 2012 – Daily Forex Report by GFM Research
The US Dollar continues its loosing streak on the event of stronger asset classes especially the benchmark equity index of the Dow Jones Industrials (.DJIA); now that the Dollar Index is trading near short-term support of 78.20,...
Forex-Metal Daily Analysis -01/02/2012
The unemployment in the EU reached the record level of 10.4%.
EUR Bullish After EU Bailout-Fund Agreement
The euro staged a small but significant upward correction during European trading yesterday, following an agreement among euro-zone leaders to set up a permanent bailout fund.
USD/CAD Forecast February 1, 2012, Technical Analysis
USD/CAD fell for most of the session on Tuesday, but bounced later in the session to close above the all-important parity level. The pair will continue to be held hostage by the oil markets, and as a...
AUD/USD Forecast February 1, 2012, Technical Analysis
AUD/USD climbed again on Tuesday, but gave much of the gains back. As a matter of fact, the pair ended the day by forming a shooting star. However, there is a fairly significant hammer on Monday supporting...
USD/CHF Forecast February 1, 2012, Technical Analysis
USD/CHF fell for the first half of the session on Tuesday only to bounce later in the day to form a hammer just above the 0.91 – 0.90 support area. The pair is certainly benefitting from the...