AUD/USD Forecast Dec. 7th, 2011, Technical Analysis
AUD/USD fell during most of the session on Tuesday as traders continue to sell risk worldwide. Also, the RBA cut rates in the early hours, which of course didn’t help the demand for the Aussie.
Category: Daily Forex Reports
USD/CHF Forecast Dec. 7th, 2011, Technical Analysis
USD/CHF continued to grind higher on Tuesday as traders are still running towards the US dollar for safety while the headlines are still poor overall. The Swiss National Bank has been working against the value of the...
GBP/USD Forecast Dec. 7th, 2011, Technical Analysis
GBP/USD fell during the session on Tuesday as traders continue to sell risk in this treacherous environment. The British Pound is currently tied very closely to the Euro’s fate, as the UK exports over 30% of its...
EUR/USD Forecast Dec. 6th, 2011, Technical Analysis
The EUR/USD pair initially had a very positive day during the Monday session as the markets reacted positively to the meeting between Sarkozy and Merkel. The meeting was successful in producing an overall concept of a fiscal...
USD/JPY Forecast Dec. 6th, 2011, Technical Analysis
USD/JPY fell during the Monday session as the 78.00 level acted as a massive resistance barrier to the pair. The pair has been decidedly bearish as of late, and unless the Bank of Japan is intervening, this...
GBP/USD Forecast Dec. 6th, 2011, Technical Analysis
GBP/USD had a back and forth session on Monday as traders first bought it up, and then sold it off. The main reason was the fact that the meeting in Europe between Sarkozy and Merkel produced what...
USD/CAD Forecast Dec. 6th, 2011, Technical Analysis
USD/CAD had a relatively quiet day on Monday. The pair is highly sensitive to the oil markets as the Canadians export so much to the United States. The pair is often used as a proxy for oil...
AUD/USD Forecast Dec. 6th, 2011, Technical Analysis
AUD/USD rose a bit during the Monday session, but mainly appeared somewhat lost and directionless. The pair has seen strong gains recently, and as a result – this positive day is more impressive than the candle would...
USD/CHF Forecast Dec. 6th, 2011, Technical Analysis
The USD/CHF pair had an extremely quiet session on Monday as traders seem to be waiting for the results of the EU summit at the end of the week. The Franc has traditionally been a “safe haven”...
SNB Could Act if Swiss CPI Shows Deflation
Today at 8:15 GMT the market will digest Swiss CPI data for the month of November. The report is expected to show inflation rose by only 0.1%, up from a decline of -0.1% in October.