Forex-Metal Daily Analysis – 15/12/2011
Falling of World’s stock indices stimulated demand for safe assets.
Category: Daily Forex Reports
EUR/USD Trades Below 1.30
The EUR/USD was trading below the 1.30 level for the first time since the beginning of the year. Market sentiment continues to move lower and the threat of an oncoming EU recession could drag the EUR lower...
USD/CAD Forecast December 15, 2011, Technical Analysis
USD/CAD rose again on Wednesday as the oil markets absolutely cratered. The selling of oil often will drive the value of the Canadian dollar down, and Wednesday wasn’t any different. The 1.03 level below could offer support...
AUD/USD Forecast December 15, 2011, Technical Analysis
AUD/USD fell on Wednesday as the risk off trade came back into vogue again. The parity level has been broken though, and the gap from two weekends ago looks set to be filled. The 0.97 level looks...
USD/CHF Forecast December 15, 2011, Technical Analysis
USD/CHF broke through the 0.95 level on Wednesday as the world still continues to buy the Dollar while avoiding a conflict against the Swiss National Bank and their distaste for Franc appreciation.
GBP/USD Forecast December 15, 2011, Technical Analysis
GBP/USD had a tumultuous session on Wednesday as traders continue to weigh the “risk” trade in this environment. The 1.55 level is the start of a massive support, and it runs all the way down to the...
USD/JPY Forecast December 15, 2011, Technical Analysis
USD/JPY rose a bit on Wednesday, but continues to be pressured to the downside overall in this market. The Bank of Japan has intervened several times in this pair, but at much lower levels. Because of this,...
EUR/USD Forecast December 15, 2011, Technical Analysis
EUR/USD fell again on Wednesday as the FX community continues to shun the EU and the “solutions” that the region keeps coming up with. The 1.30 level has been broken, but the candle for the session looks...
Forex-Metal Daily Analysis – 14/12/2011
The markets were focused on the FOMC meeting today.
Examining the CHF Floor
As the latest SNB Monetary Policy Assessment approaches there has been speculation of an impending move by the SNB to raise the floor of the EUR/CHF to 1.25 or perhaps 1.30 from its current 1.20 level.