EUR/USD Forecast December 13, 2012, Technical Analysis
The EUR/USD pair shot straight up during the session on Wednesday as the Federal Reserve announced that it was going to continue its quantitative easing policies.
Tag: EURUSD
Daily FX Perspective December 13, 2012 – GFM Research
Market Commentary The US Dollar continued to depreciate to hit critical support of 79.45 ranges on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (.DJIA) trading strong, DJIA....
EUR/USD Forecast December 12, 2012, Technical Analysis
The EUR/USD pair rose sharply during the session on Tuesday, and as a result we find the market closing the day above the 1.30 handle. We also are closing the very top of the candle for the...
EUR/USD Forecast December 11, 2012, Technical Analysis
The EUR/USD pair had a decent day on Monday, as we bounced back above the 1.29 handle. It now appears that the 1.29 area will offer significant support going forward, and as such we may have a...
Daily FX Perspective December 11, 2012 – GFM Research
Market Commentary The US Dollar depreciated across the board on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (.DJIA) trading strong. The Dollar Index is currently trading weak...
EUR/USD Forecast December 10, 2012, Technical Analysis
The EUR/USD pair fell during the balance of the Friday session as the US jobs number came out much stronger than anticipated. However, once the Europeans went home for the weekend, the Americans pushed this pair back...
Daily FX Perspective December 10, 2012 – GFM Research
Market Commentary The Dollar is trading flat at 80.50 after appreciating for continuous three sessions. Historic inverse correlation between our benchmark equity index of the Dow Industrials (.DJIA) and DX was not observed on Friday wherein DJIA...
The Week In Forex
Reports on the US labor statistics continue to portray the economy in a recovery mode. Since expectations for job growth were a smallish 85K, the 146K was a friendly number. The unemployment number – 7.7% – likewise sounded great,...
EURUSD Analysis – December 8, 2012
EURUSD failed to break above 1.3171 previous high resistance and pulled back from 1.3125, suggesting that a cycle top had been formed on daily chart, and lengthier consolidation of the uptrend from 1.2042 is underway.
EUR/USD Forecast December 7, 2012, Technical Analysis
The EUR/USD pair fell rather precipitously during the Thursday session as ECB Chairman Mario Draghi suggested that there was more demand out of the ECB members for a rate cut, and that growth will be smaller than...