GBP/USD Forecast December 5, 2011, Technical Analysis
Friday saw a hard sell off in the cable as traders sold the risk trade in the currency markets. The breaking of the bottom of the doji form Thursday gives us a sell signal, although we are...
Month: December 2011
USD/CAD Forecast December 5, 2011, Technical Analysis
The USD/CAD pair had initially fallen in the wee hours of Friday before bouncing after the Non-Farm Payroll announcement. The markets produced a hammer for the session, and it currently sits on the 1.01 level – the...
USD/CHF Forecast December 5th, 2011, Technical Analysis
USD/CHF rose during the Friday session as the breaking of the highs form Thursday signaled more buying. The pair has shown to attract support in the area of 0.90 over the last several sessions.
USD/JPY Forecast December 5th, 2011, Technical Analysis
The USD/JPY pair got a boost on Friday as traders continue to buy the Dollar against the Yen at the moment. However, there is a ton of selling in this pair overall and the 0.8000 level is...
Forex-Metal Daily Analysis – 02/12/2011
The results of France and Spain Government bonds’ auctions supported the Euro currency.
Staying Skeptical of Todays Non-Farm Payrolls Report
Today’s non-farm payrolls report is expected to show improvement in US employment data as many economists have upped their forecasts following the strong ADP report. However, traders may want to remain skeptical as US unemployment continues to...
AUD/USD Forecast Dec. 2, 2011, Technical Analysis
AUD/USD fell during the session, but bounced back to form a hammer by the end of the day. This shows that the pair still wants to rise, and that the majority of traders think that the pair...
EUR/USD Forecast Dec. 2nd, 2011, Technical Analysis
EUR/USD had a positive day on Thursday as traders continue to see potential movement in the crisis by leaders of the EU. The pair again struggled with the 1.35 level as resistive, and the pair looks a...
GBP/USD Forecast Dec. 2nd, 2011, Technical Analysis
GBP/USD had a volatile day on Thursday as traders went between bullish and bearish in this pair. The resulting candle is a doji, and shows just how confused the market is at the moment. After the two...
USD/CAD Forecast Dec. 2nd, 2011, Technical Analysis
USD/CAD fell again on Thursday as traders continue to buy the “risk on” trade. The USD/CAD will particularly interesting today as it has an interesting dynamic when it comes to the US jobs market.