Increasing Expectations for Weaker ECB Monetary Policy
Investors have long been pricing in additional QE from the Fed and the BoE. Now it appear the ECB is managing expectations for a looser monetary policy.
Month: December 2011
27th December, 2011 – Daily Forex Report by GFM Research
The Dollar Index is trading flat as is case with most of the asset classes. Major trend is range bound between 73.40 and 81.40 ; the medium trend is bullish till 77.50 ranges is holding on weekly...
EURUSD outlook by FxArsenal.com
EURUSD bounced of its strong support level – area of 1.2940 ,one year-low, and was stuck in horizontal trend during entire week.
ECB Sounds More Open to the Idea of QE
Comments by Lorenzo Bini Smaghi is the first sign of the ECB’s willingness to consider quantitative easing (QE) should the need arise.
USD/CAD Forecast December 26, 2011, Technical Analysis
USD/CAD fell on Friday as the oil markets continued their climb. The $100 level still wasn’t broken to the upside in the Light Sweet Crude markets, so there wasn’t much in the way of momentum. This isn’t...
AUD/USD Forecast December 26, 2011, Technical Analysis
The AUD/USD rose a bit during the Friday session, only to fail at the 1.02 level. The resulting candle is a short shooting star and shows the 1.02 is still going to cause a reaction in the...
USD/CHF Forecast December 26, 2011, Technical Analysis
USD/CHF rose a bit during the Friday session as the pair continues to grind higher. The 0.93 level that was broken above recently has been very supportive over the last week, and we think this is a...
GBP/USD Forecast December 26, 2011, Technical Analysis
GBP/USD fell hard on Friday as traders continue to reject the pair at the 1.57 level. The market has fallen quite hard for a light session, and this shows just how much pressure the pair currently has...
USD/JPY Forecast December 26, 2011, Technical Analysis
USD/JPY fell on Friday as the markets cooled for the holidays. The 78.50 level continues to keep the pressure on the pair as it simply cannot rise above that mark. The pair is being supported by the...
EUR/USD Forecast December 26, 2011, Technical Analysis
EUR/USD pair rose initially during the Friday session as the 1.30 level keeps offering support, but the market gave up gains as we entered the US session. The pair is presently fighting it out at a massive...