GBP/USD Forecast, Nov. 4th, 2011, Technical Analysis
GBP/USD moved higher and above the 1.60 level during the Thursday session as the risk trade came back on. The Greeks have dropped their referendum ideas, and this was accepted as a good sign.
Category: Daily Forex Reports
USD/CAD Forecast Nov. 4th, 2011, Technical Analysis
The USD/CAD pair fell on Thursday as oil managed to climb by the end of the session. The parity level still holds as support, and the market couldn’t break through. This area is where we need to...
USD/CHF Forecast Nov. 4th, 2011, Technical Analysis
The USD/CHF pair fell during the Thursday session, as the USD got sold off against the Euro. The Greeks have called off their referendum, and as such – the market treats the news as good news, but...
USD/JPY Forecast, Nov. 4th, 2011, Technical Analysis
The USD/JPY hasn’t moved much over the last three sessions as the Bank of Japan has recently intervened. However, these unilateral interventions tend to fail, and we feel that a slow grind south is the most likely...
Forex-Metal Daily Analysis – 03/11/2011
Unfavorable market conditions may delay the bond issue. Asian and European trading sessions: Euro: During the Asian and European trading sessions, the euro showed correction after yesterday’s decline against the US dollar, setting his daily high at...
USD/CAD Forecast Nov. 3rd, 2011, Technical Analysis
The USD/CAD pair fell a little during the Wednesday session as the massive move got pulled back from the Tuesday rally. The parity level still serves as a pivot of sorts, and we only trade in the...
AUD/USD Forecast Nov. 3rd, 2011, Technical Analysis
The AUD/USD pair initially rose during the Wednesday session before falling again in the afternoon. The pair remains under the 1.05 level, and it appears sellers have stepped into the pair once we got close to it.
USD/CHF Forecast Nov. 3rd, 2011, Technical Analysis
The USD/CHF pair fell a bit on Wednesday, but managed to recover some of its losses towards the end of the session. The pair is being supported by the threat of Swiss National Bank intervention, and as...
GBP/USD Forecast Nov. 3rd, 2011, Technical Analysis
The GBP/USD pair rose above the 1.60 level during the Wednesday session, only to be repelled by it over the course of the trading day. The failing at 1.60 does cause a case for bearishness, but there...
USD/JPY Forecast Nov. 3rd, 2011, Technical Analysis
The USD/JPY pair fell on Wednesday as the trading community knows the intervention was unilateral. The unilateral interventions by the Bank of Japan in the past have failed, but it is rarely a direct fall in this...