GBP/USD Forecast May 9, 2012, Technical Analysis
The GBP/USD pair fell during the session as the “risk off” trade came back into vogue. The market managed a bounce late in the day though, and it looks as if the pair still has plenty of...
Tag: GBPUSD
Forex-Metal Daily Analysis -08/05/2012
Technical analysis for 08/05
GBP/USD Forecast May 8, 2012, Technical Analysis
The GBP/USD pair rose after originally falling in the Monday session. The pair reacted negatively at first to the European elections that were had over the weekend in Greece, France, and Germany.
GBP/USD Forecast May 7, 2012, Technical Analysis
The GBP/USD pair fell on Friday as the jobs number out of America got the market in a risk off mode. The pair is broken out to the upside of a massive consolidation range though, and we...
GBPUSD Analysis – May 5, 2012
GBPUSD may be forming a cycle top at 1.6301 on daily chart. Pullback to test the support of the uptrend line would likely be seen next week, a clear break below the trend line support will indicate...
GBP/USD Forecast May 4, 2012, Technical Analysis
The GBP/USD pair fell slightly for the Thursday session as the market consolidated ahead of the Non-Farm Payroll numbers. The market is very bullish at the moment, and because of this we think the pair could be...
Australian Economy Coughs Up Carbon Tax
July 1st, less than two months away, will mark the commencement of Labor Prime Minister Julia Gillard’s controversial carbon tax. While Australia accounts for only 1.5% of global carbon emissions, it is the largest per capita emitter.
Forex-Metal Daily Analysis -03/05/2012
The Euro-Zone Unemployment Rate in March reached a new record of 10.9
Forex-Metal Daily Analysis -02/05/2012
Technical analysis for 02/05 EURUSD The pair has risen to the Moving Average (100) at 1.32148. If the pair stays above this level the pair will rise to 1.33143. If the pair stays below 1.31674 the pair will...
US Dollar Changes Tack on Back of Economic Data
Early, the USD was under pressure yesterday with across the board selling. ‘The US recovery is slowing and it is time to sell the USD’ was the mantra. The markets were attracting a lot of new bears,...