Forex-Metal Daily Analysis -30/03/2012
The growth yield of Italian and Spanish government bonds might be a reason for a new round of debt crisis in the Euro region.
Month: March 2012
AUD/USD Forecast March 30, 2012, Technical Analysis
The AUD/USD pair fell for most of the session on Thursday, but bounced late in the day to form a nice looking hammer at the 1.04 area. This area was the site of a significant breakout a...
EUR/USD Forecast March 30, 2012, Technical Analysis
The EUR/USD pair fell during the session on Thursday as the fears of a Spanish meltdown are starting to pick back up. The spread between Spanish and German bonds is at just under 19% on average now,...
GBP/USD Forecast March 30, 2012, Technical Analysis
The GBP/USD pair rose during the session on Thursday as the pair gained traction from the 1.59 handle. The pair looks very healthy, but the 1.60 level is looming just above. This area is a massive resistance...
USD/CAD Forecast March 30, 2012, Technical Analysis
The USD/CAD pair initially rose during the session on Thursday but pulled back as the resistance level held true yet again. The 200 day EMA was tested at the very highs, and although the oil markets fell...
USD/CHF Forecast March 30, 2012, Technical Analysis
The USD/CHF pair rose during the session on Thursday as the support area between 0.91 and 0.90 held firm. The pair gave back a bit of the gains late in the day though, so we could perhaps...
USD/JPY Forecast March 30, 2012, Technical Analysis
The USD/JPY pair fell for a significant part of the Thursday session as the markets were weak for a large part of the day. The 50% Fibonacci has returned into the fold as support though, and as...
Safe Heaven Currencies Continue to Rise on High Risk Aversion
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times...
Forex-Metal Daily Analysis -29/03/2012
The Australian and New Zealand dollar fell today due to decline of the World’s stock markets.
US Core Durable Goods Orders Helps Dollar Recover
The USD was able to stage a recovery during yesterday’s trading session following two economic indicators showing an increase in US production last month. Yesterday’s Core Durable Goods Orders figure, considered a leading indicator of production in...