ECB Sounds More Open to the Idea of QE
Comments by Lorenzo Bini Smaghi is the first sign of the ECB’s willingness to consider quantitative easing (QE) should the need arise.
Category: Daily Forex Reports
USD/CAD Forecast December 26, 2011, Technical Analysis
USD/CAD fell on Friday as the oil markets continued their climb. The $100 level still wasn’t broken to the upside in the Light Sweet Crude markets, so there wasn’t much in the way of momentum. This isn’t...
AUD/USD Forecast December 26, 2011, Technical Analysis
The AUD/USD rose a bit during the Friday session, only to fail at the 1.02 level. The resulting candle is a short shooting star and shows the 1.02 is still going to cause a reaction in the...
USD/CHF Forecast December 26, 2011, Technical Analysis
USD/CHF rose a bit during the Friday session as the pair continues to grind higher. The 0.93 level that was broken above recently has been very supportive over the last week, and we think this is a...
GBP/USD Forecast December 26, 2011, Technical Analysis
GBP/USD fell hard on Friday as traders continue to reject the pair at the 1.57 level. The market has fallen quite hard for a light session, and this shows just how much pressure the pair currently has...
USD/JPY Forecast December 26, 2011, Technical Analysis
USD/JPY fell on Friday as the markets cooled for the holidays. The 78.50 level continues to keep the pressure on the pair as it simply cannot rise above that mark. The pair is being supported by the...
EUR/USD Forecast December 26, 2011, Technical Analysis
EUR/USD pair rose initially during the Friday session as the 1.30 level keeps offering support, but the market gave up gains as we entered the US session. The pair is presently fighting it out at a massive...
Euro Continues to Struggle as Debt Concerns Loom
Despite starting Thursday off on a promising note, the euro managed to tumble against most of its main currency rivals as the euro-zone debt crisis continues to drive investors away from the currency.
AUD/USD Forecast December 23, 2011, Technical Analysis
The AUD/USD pair rose on Thursday as the bulls stepped back in to push back against the fall at the end of the Wednesday session. The pair is highly risk-sensitive, so we aren’t big fans of being...
EUR/USD Forecast December 23, 2011, Technical Analysis
EUR/USD rose again during the session on Thursday as the “risk on” move came back into the markets in general. The stock markets gained, and the optimism increased during the session judging by the rise in such...