Positive News Out of the IMF Boosts EUR
The euro saw some steady gains in trading yesterday, as news was released that the IMF would increase its lending capacity in order to limit the effects of the euro-zone debt crisis.
Month: January 2012
USD/CAD Forecast January 19, 2012, Technical Analysis
USD/CAD fell for the Wednesday session as the Dollar got hit around the world. The “risk on” scenario came back into play, and people bought many of the “riskier” currencies. However,
AUD/USD Forecast January 19, 2012, Technical Analysis
AUD/USD broke out on Wednesday from a triangle that had kept it under pressure for the last month or so. The solid close at the end of the session foretells higher prices, and the market looks set...
USD/CHF Forecast January 19, 2012, Technical Analysis
USD/CHF fell hard during the session on Wednesday as traders sold off the US dollar. However, the 0.93 level is just below, and this was the site of serious support previously. Because of this, we would hesitate...
GBP/USD Forecast January 19, 2012, Technical Analysis
The GBP/USD pair shot straight up on Wednesday as traders took on more risk for the session. However, the pair is currently at the bottom of a massive consolidation pattern from just a couple of session back,
USD/JPY Forecast January 19, 2012, Technical Analysis
USD/JPY fell for the session on Wednesday as the Dollar got sold off in general. The pair currently is sitting on top of a nice support area at 76.50 level and the market simply hasn’t moved much...
EUR/USD Forecast January 19, 2012, Technical Analysis
EUR/USD rose straight up for the Wednesday session as traders celebrated more rumors of free money for the Greeks in the form of some kind of bailout being put together by the IMF.
19th January, 2012 – Daily Forex Report by GFM Research
The Dollar Index continues correction for the third day on the event of strong equity bourses across the world, especially the benchmark index of the Dow Jones Industrials. The medium trend is bullish till 80.00 ranges are...
Forex-Metal Daily Analysis -18/01/2012
The euro grew against the U.S. dollar and its others major competitors.
Better Than Expected German Data Turns EUR Bullish
Positive Chinese and German economic indicators led to some bullish movement for the euro during mid-day trading yesterday. That being said, the gains were for the most part short-lived, as the common currency once again began moving...