Forex Metal Weekly Newsletter
Market review for 09 -13.01, 2012
Category: Daily Forex Reports
Euro Tumbles Following Ratings Downgrade
The combination of a worse than expected Italian debt auction and the credit downgrading of several euro-zone countries on Friday, caused the euro to slip to fresh lows once again before markets closed for the week.
USD/CAD Forecast January 16, 2012, Technical Analysis
USD/CAD rose during the session on Friday as the triangle that contains this market continues to work. The candle for the day looks reasonably strong, but until we get a breakout to the upside of the triangle,...
AUD/USD Forecast January 16, 2012, Technical Analysis
AUD/USD fell originally for the session on Friday, but managed a bounce later to form a hammer. The candle is sitting just below the vital 1.04 resistance line, an area that has contained the market for quite...
USD/CHF Forecast January 16, 2012, Technical Analysis
USD/CHF rose for the Friday session as traders reacted to rumors around the markets that the French were about to lose their AAA bond rating by S&P. The move happened, and as a result the European currencies...
GBP/USD Forecast January 16, 2012, Technical Analysis
GBP/USD fell hard for the session after first rising on Friday. However, the pair did finish slightly lower to form a doji after all was said and done. The indecisions is in concert with a massive support...
USD/JPY Forecast January 16, 2012, Technical Analysis
USD/JPY rose during the session on Friday as the market continues to tread water at the 76.50 level. The pair continues to move sideways in a fairly tight range. The 76.50 level looks as if it is...
EUR/USD Forecast January 16, 2012, Technical Analysis
EUR/USD fell for the session on Friday as the traders in the FX markets sold off the Euro in general as rumors of an impending credit rating cut for France by S&P came out.
EUR Sees Gains Following Spanish Bond Auction
The euro pared recent losses against its main currency rivals on Thursday, following a successful Spanish bond auction. The EUR/USD climbed well above the 1.2700 level, while the EUR/JPY saw steady gains throughout the day.
AUD/USD Forecast January 13th, 2012, Technical Analysis
AUD/USD rose on Thursday in order to attempt a run at the 1.04 resistance area. The pair did manage to hold onto gains, but just barely. The candle formed was a shooting star, and is at the...