USD/JPY Forecast December 21, 2011, Technical Analysis
The USD/JPY pair fell on Tuesday as the Dollar got sold off in general. The downward momentum in this pair is immense, and the path of least resistance is certainly to the downside.
Category: Daily Forex Reports
EUR/USD Forecast December 21, 2011, Technical Analysis
The EUR/USD pair rose on Tuesday as the market bounced from the 1.30 level. The rise has been rather strong, but it also gave up a lot towards the end of the session.
Forex-Metal Daily Analysis – 20/12/2011
The U.S. dollar rose against most major currencies on the report of the death of leader Kim Jong-IL, the North Korea’s leader.
Forex Metal Weekly Newsletter
Market review for 12 – 16.12, 2011
EUR Pessimism Reaches a High
EUR bears are out in full force. According to the most recent CFTC Commitment of Traders Report, speculators in the futures market have built their largest EUR short position since May 2010.
USD/CAD Forecast December 20, 2011, Technical Analysis
USD/CAD had a volatile session on Monday as the market closed in an unchanged manner. The range was somewhat extended, but the more important fact is that the 1.03 level has continued to hold as support.
AUD/USD Forecast December 20, 2011, Technical Analysis
AUD/USD fell hard on Monday as the commodity trade was hit fairly hard. The “risk off” trade came back into vogue during the session, and the afternoon in the US saw an acceleration of this move. The...
USD/CHF Forecast December 20, 2011, Technical Analysis
USD/CHF had a very quiet session on Monday as traders are starting to think of holidays, and not so much of economics. The pair continues to find support at the 0.93 level, and this is just below...
GBP/USD Forecast December 20, 2011, Technical Analysis
GBP/USD fell during the session on Monday as the markets went into the “risk off” trade. The Pound does enjoy support at the 1.55 level, and the bounce during the later hours of the session on Monday...
USD/JPY Forecast December 20, 2011, Technical Analysis
USD/JPY had a strong day on Monday as the Dollar is being bought up by traders in a bit to run to “safe havens”. The Dollar is without a doubt going to get a bid every time...