EURJPY technical outlook by FxArsenal
Today EURJPY has tested ultra strong both historical and psychological support level 100.00. In case of breach of 100 level,
Category: Daily Forex Reports
29th December, 2011 – Daily Forex Report by GFM Research
Correction in benchmark equity index of the Dow Jones Industrials from historic resistance zone of 12300-12380 ranges and Consumer Confidence numbers beating the street led to the Dollar Index appreciating by 1 point to close firm at...
US Data to Close out the Year on a High Note
There has been a noticeable trend of stronger US economic data over Q4. Today’s last batch of US numbers for this year may show the US economy go into 2012 on a high note.
AUD/USD Forecast December 29, 2011, Technical Analysis
AUD/USD fell on Wednesday as the trading world moved to the bearish side in light volume. The pair did look a bit heavy as it approached 1.02, and the parity level looks like a magnet for this...
EUR/USD Forecast December 29, 2011, Technical Analysis
The EUR/USD pair fell on Wednesday in low volume trading. The pair is supported all the way down to the 1.29 level, so while the break of the 1.30 level is significant, it isn’t a sell signal...
GBP/USD Forecast December 29, 2011, Technical Analysis
GBP/USD fell rapidly during the Wednesday session as traders took off risk all the way around. The recent range between 1.54 and 1.58 has contained cable quite well, but the overall move over the last couple of...
USD/CAD Forecast December 29, 2011, Technical Analysis
USD/CAD fell at first on Wednesday as oil rose, but the Saudis stepping into the market as saying that they are willing to produce more in response to any blocking of the Strait of Hormuz by Iran.
USD/CHF Forecast December 29, 2011, Technical Analysis
USD/CHF rose during the session on Wednesday as the Dollar got bought up in all markets. The Swiss National Bank is working against the overall strength of the Franc, so a move upwards makes sense in times...
USD/JPY Forecast December 29, 2011, Technical Analysis
USD/JPY fell originally during the Wednesday session, only to pop back up and form a hammer for the day. The pair is being supported by the Bank of Japan, and the trend is currently down from the...
Euro Hovers around 11-Month Low against USD
Low liquidity in the marketplace kept the euro relatively unchanged in trading yesterday. With the currency currently hovering close to an 11-month low versus the US dollar, traders are waiting to see if ongoing the euro-zone debt...