Forex-Metal Daily Analysis -25/01/2012
The Bank of Japan lowered the forecast of the economic growth for next year
Category: Daily Forex Reports
EUR/USD Forecast January 25, 2012, Technical Analysis
EUR/USD rose overall during the Tuesday session as the pair initially fell in trading. The market fell to sub-1.30 level, and then turned around as support came back into the fold at the area. However, the area...
GBP/USD Forecast January 25, 2012, Technical Analysis
GBP/USD initially fell for the session on Tuesday, but found its footing later on and rose overall. The resulting candle is shaped much like a hammer, and is sitting just above the 1.55 level.
USD/JPY Forecast January 25, 2012, Technical Analysis
USD/JPY shot straight up during the Tuesday session as traders took on a bit more risk in the Yen related markets. The pair is still in a massive downtrend, and the area it slammed into for the...
EUR Reverses Gains despite Strong Manufacturing Data
The euro turned bearish once again in trading yesterday, as investors continued to revert back to safe-haven currencies following the rejection of Greece’s debt swap deal.
USD/CHF Forecast January 25, 2012, Technical Analysis
USD/CHF rose slightly in an otherwise quiet session on Tuesday. The pair is currently sitting on a massive support area in the form of the 0.92 – 0.93 handles. The candle for the session resulted in a...
USD/CAD Forecast January 25, 2012, Technical Analysis
USD/CAD rose during the session originally as the oil markets fell for the day. However, as time wore on, the pair gave up most of its gains, and the resulting candle is a shooting star at the...
AUD/USD Forecast January 25, 2012, Technical Analysis
AUD/USD fell for the Tuesday session, but managed to bounce from the 1.04 level, confirming former resistance as support. This level was the top of a triangle we have been watching lately, and the retesting of it...
25th January, 2012 – Daily Forex Report by GFM Research
With the Fed’s Interest Rate decision due today, the US Dollar is trading sideways against most of the FX majors. The medium trend is bullish till 79.60 ranges are holding on weekly closing basis, though 83.30 ranges...
Forex-Metal Daily Analysis -24/01/2012
The Asian financial markets celebrated a New Year.