EUR/USD Forecast June 29, 2012, Technical Analysis
The EUR/USD pair fell during the Thursday session, but found a bid again late in the day as traders weren’t ready to take on a lot of risk in one direction or another before the EU meetings....
Month: June 2012
AUD/USD Forecast June 29, 2012, Technical Analysis
The AUD/USD pair fell for most of the session after an initial spike. The candle from Thursday looks a bit like a long legged doji and suggests that there is a bit of confusion in the markets....
Italian Bond Auction Leads to EUR Losses
The euro tumbled to a three-week low against both the US dollar and Japanese yen yesterday, following an Italian bond auction and general pessimism regarding an EU summit. While crude oil saw gains early in the day,...
Markets Digesting an Abundance of News – Sell the Canadian Dollar?
With the US Supreme Court decision on Obamacare expected to dominate the news cycle, major corporations chose yesterday to unload some bad news.
EUR/USD Forecast June 28, 2012, Technical Analysis
The EUR/USD pair had another slightly bearish session on Wednesday as the markets prepare for the European Union’s summit over the next 48 hours. The market is currently thinking that this will be yet another disappointment, and...
USD/JPY Forecast June 28, 2012, Technical Analysis
USD/JPY had a reasonably bullish day on Wednesday as the bounce from the 79.50 level happened as predicted. The area looks as if it is the beginning of support in this pair, and the market is well...
GBP/USD Forecast June 28, 2012, Technical Analysis
GBP/USD had a negative day on Wednesday as the Pound in general was sold off. The pair currently sits just above the 1.5550 level, a place that we have identified as potential support. Of course, we need...
AUD/USD Forecast June 28, 2012, Technical Analysis
AUD/USD rose during the Wednesday session as risk appetite expanded ever so slightly. The bounce that has happened over the last 48 hours shouldn’t be much of a surprise as we pointed out the hammer that form...
USD/CAD Forecast June 28, 2012, Technical Analysis
The USD/CAD pair had an uneventful session on Wednesday as the markets continued to grind sideways. The oil markets were also fairly quiet, so this pair was always going nowhere at the end of the day.
Euro-Zone Fears Turn EUR/USD Bearish for Third Straight Day
The euro fell to a two-week low against the US dollar during European trading yesterday, as investors remained doubtful that today’s EU summit will produce any meaningful solutions to the euro-zone debt crisis.