EUR/JPY Hits 10-Year Low to start off the New Year
Concerns over the euro-zone debt crisis pushed the common currency to new lows yesterday during the first trading day of 2012. The EUR/JPY fell as low as 98.71, a 10-year low for the pair.
Category: Daily Forex Reports
USD/CAD Forecast January 3, 2012, Technical Analysis
USD/CAD sat still during the session on Monday as the oil markets also experienced very little in the way of action. The real volume will pick up after this week, so the markets could be a bit...
AUD/USD Forecast January 3, 2012, Technical Analysis
AUD/USD rose slightly during a fairly quiet Monday session. The pair is approaching the 1.0250 area, and has struggled in this vicinity previously. Because of this, we aren’t willing to buy at this level.
USD/CHF Forecast January 3, 2012, Technical Analysis
USD/CHF continues to grind sideways after a fairly quiet session on Monday. The pair did fall originally, but just like the session on Friday, it bounced to form a hammer above the 0.93 level.
GBP/USD Forecast January 3, 2012, Technical Analysis
GBP/USD went basically unchanged for the Monday session as traders went back and forth in a 100 pip range. The pair currently resides in the 1.55 area, and this level has been very important lately.
USD/JPY Forecast January 3, 2012, Technical Analysis
USD/JPY was fairly quiet on Monday as traders started to come back from the holidays. The pair fell, but only slightly so. The 77 handle has been broken to the downside, and the support is just now...
EUR/USD Forecast January 3, 2012, Technical Analysis
EUR/USD had a very flat day on Monday as traders simply aren’t back in force from the holidays yet. With very little in the way of news to move the markets, they basically sat still during the...
3rd January, 2012 – Daily Forex Report by GFM Research
The Dollar Index again found resistance in the ranges of 81.00. Major trend is range bound between 73.40 and 81.40; the medium trend is bullish till 77.50 ranges are holding on weekly closing basis, though 81.40 ranges...
2012 Preview (Continued) – Examining the Major Issues
As we approach New Years we’ll attempt to address the major issues for 2012.
2012 Preview – Examining the Major Issues
As we approach New Years we’ll attempt to address the major issues for 2012.