EUR Extends Gains against Main Currency Rivals
Following yesterday’s bullish run for the euro, the currency will attempt to extend its gains in trading today. Investor confidence in the euro steadily increased throughout the day yesterday,
Category: Daily Forex Reports
USD/CAD Forecast January 24, 2012, Technical Analysis
USD/CAD fell on Monday as the oil markets got a bit of a boost by the passing of sanctions by the EU on Iranian oil. Of course, this doesn’t really take effect until July 1,
AUD/USD Forecast January 24, 2012, Technical Analysis
AUD/USD rose quite nicely on Monday as traders not only went for commodity currencies, but risk overall. The gold markets did well, and this is normally good for the Aussie.
USD/CHF Forecast January 24, 2012, Technical Analysis
The USD/CHF fell fairly hard on Monday as the Dollar took it on the chin against many currencies around the globe. It appears that the “risk on” trade has come roaring back over the last couple of...
GBP/USD Forecast January 24, 2012, Technical Analysis
GBP/USD rose again on Monday as traders continue to sell off the US dollar in general. The Pound did well against the Greenback, but only marginally so.
USD/JPY Forecast January 24, 2012, Technical Analysis
USD/JPY continues to lull traders to sleep as it goes sideways in a roughly 70 pip range over the last several sessions. Monday saw more of the same, and formed a doji.
Forex Metal Weekly Newsletter
Market review for 16 – 20.01, 2012
Investors Eagerly Awaiting News of Greek Debt-Swap Deal
While the euro saw some upward momentum in trading last week, the real test of the currency’s strength will be today, as news of a possible deal on Greek debt is announced. Traders will want to pay...
23rd January, 2012 – Daily Forex Report by GFM Research
Strong equity bourses across the world, especially the benchmark index of the Dow Jones Industrials resulted in the Dollar Index loosing more then 1.2 points during last week. The medium trend is bullish till 79.60 ranges are...
USD/CAD Forecast January 23, 2012, Technical Analysis
The USD/CAD pair rose on Friday as the 200 day EMA held as support, along with the bottom of the triangle. The oil markets fell, and this is always bad for the Loonie given enough time. However,...