Euro Reverses Some of Its Gains

by Forexyard.com | July 31, 2012 6:15 am
The euro gave up some of its recent gains against its main currency rivals yesterday, as investors remained concerned about what actions the ECB can take to lower borrowing costs in Spain and Italy. Today, traders will...

Loonie on a Fourth Week of Gains

by AlgosysFx | July 31, 2012 12:28 am
The Canadian dollar is benefiting from speculations of policy action by foreign central banks.Now on its third consecutive week, the Loonie currency is in its longest streak of gains against its US counterpart.

AUD/USD: reaching resistance

by Forex4you | July 30, 2012 1:57 pm
The aussie has continued channelling higher in what might be a bullish ending pattern. It is currently at a strong group of resistance lines and there is a possibility that it might roll-over from here and fall...

EUR/USD: technical analysis – July 30, 2012

by Forex4you | July 30, 2012 10:05 am
The EUR/USD has climbed to the top of the channel on the 4-hour chart and formed a head and shoulders pattern. My preference is for a break below the neckline at the 1.2240 level leading to to...

Heavy Volatility Expected In the Coming Days

by Forexyard.com | July 30, 2012 8:04 am
The euro maintained its upward trend against the US dollar on Friday, as a string of positive comments from euro-zone officials last week helped boost risk appetite in the marketplace. Precious metals and commodities were also able...

EUR/USD Forecast July 30, 2012, Technical Analysis

by FX Empire | July 30, 2012 8:03 am
The EUR/USD pair rose during the session on Friday as the “risk on” rally continue to take hold. One has to wonder whether this was Euro buying, or simply short covering, as the markets gave up quite...

USD/JPY Forecast July 30, 2012, Technical Analysis

by FX Empire | July 30, 2012 8:02 am
The USD/JPY pair had a string session on Friday as it both fell, and then bounced to new highs for the week. The Indian candle was relatively neutral, but did have a green body. The most important...

GBP/USD Forecast July 30, 2012, Technical Analysis

by FX Empire | July 30, 2012 8:02 am
The GBP/USD pair rose during the session on Friday as the 1.57 level was targeted yet again. The area continued to hold as resistance, and as a result the pair looks like it is still trying to...