GBP/USD Forecast February 29, 2012, Technical Analysis
GBP/USD rose during the session on Tuesday as traders decided to take on a bit more risk. However, the pair is at the top of the recent consolidation, and as a result caution should be taken.
Category: Daily Forex Reports
USD/JPY Forecast February 29, 2012, Technical Analysis
The USD/JPY essentially went nowhere during the session on Tuesday, but didn’t do so out of a lack of action. The pair had a reasonably decent range, but in the end finished pretty much unchanged.
EUR/USD Forecast February 29, 2012, Technical Analysis
EUR/USD rose during the session on Tuesday as the market continues to go between risk on and risk off. The LTRO results come out today, and the market expects to learn that the EU banks borrowed €500...
28th February, 2012 – Daily Forex Report by GFM Research
With the Dollar Index consistently trading below 78.40 mark, further fall to 77.20 may be expected on daily close below 78.10 ranges.Historic correlation between DX Vs DJIA is signifying USD bearishness in long-term. Dow consistently trading above...
Forex-Metal Weekly Analysis
Market review for 20 – 24.02, 2012
27th February, 2012 – Daily Forex Report by GFM Research
US Dollar depreciated against the common currency and the Cable while appreciating against the Japanese Yen and trading flat against the Swiss Franc; the Japanese Yen is exhibiting contrary trend to other FX majors wherein it has...
Positive German Data Leads to a Boost for the Euro
The euro reversed some of its recent losses yesterday, as positive German data sent investors to riskier assets throughout European trading. The EUR/USD went as high as 1.3340 before staging a downward correction during the afternoon session.
AUD/USD Forecast February 24, 2012, Technical Analysis
AUD/USD rose on Thursday as the bottom of the recent consolidation area held true. The 1.06 level looks very constructive at the moment, and the market simply couldn’t break down through it.
EUR/USD Forecast February 24, 2012, Technical Analysis
EUR/USD continued to rise on Thursday as traders continue to look at the bright side of all things European, even if the area has severe issues ahead of it for the next several years.
GBP/USD Forecast February 24, 2012, Technical Analysis
The GBP/USD pair rose on Thursday as the consolidation and general choppiness of the Forex markets continues. The back and forth action is solely based upon the next headline, and this pair is one of the biggest...