GBP/USD Forecast Dec. 9th, 2011, Technical Analysis
The GBP/USD pair poked above the 1.57 level on Thursday as traders got long of the pair on optimism about the outcome of the EU summit. However, as headline after headline came out,
Category: Daily Forex Reports
USD/CAD Forecast Dec. 9th, 2011, Technical Analysis
The USD/CAD pair skyrocketed during the session on Thursday as the “risk off” trade came back into the fray. The Canadian dollar is tied to the risk spectrum and highly sensitive to the price of oil, which...
USD/CHF Forecast Dec. 9th, 2011, Technical Analysis
USD/CHF fell during the Thursday session as originally the markets decided to go out on the risk spectrum. The Swiss National Bank is still willing to sell off the Franc if the value of it gets too...
USD/JPY Forecast Dec. 9th, 2011, Technical Analysis
USD/JPY fell during most of the session on Thursday, only to bounce again in the end. The rumors are flying out of the EU and the markets are rocking back and forth because of this.
ECB Cuts Rates but Disappoints Investors
During yesterday’s press conference European Central Bank President Mario Draghi laid out 3-pillars for the “Fiscal Compact”. He also stressed the ECB will not use QE nor will it purchase unlimited amounts of European bonds. The EUR...
Forex-Metal Daily Analysis – 08/12/2011
The Euro gained amid expectations that Europe will expand the fund for assistance
Waiting for the ECB Bazooka
ECB President Mario Draghi has hinted at his willingness to support European nations with additional bond purchases if European governments will move to restore investor confidence in the euro zone.
USD/CAD Forecast Dec. 8th, 2011, Technical Analysis
USD/CAD had a very neutral day on Wednesday as the market attempted to break the pair down below the 1.01 level and failed. The resulting daily candle was a doji, and finished just slightly positive.
AUD/USD Forecast Dec. 8th, 2011, Technical Analysis
AUD/USD rose on Wednesday after printing a hammer on Tuesday to show support again. The Aussie is a “risk on” currency, and with each rumor that looks like the EU will get some kind of relief, this...
USD/CHF Forecast Dec. 8th, 2011, Technical Analysis
USD/CHF continues to tread water under the all-important 0.93 level as the market dynamics are pushing people away from risk, and into safety overall.