Forex-Metal Daily Analysis -19/04/2012
Technical analysis for 19/04
Month: April 2012
EUR Tumbles Ahead of Spanish Debt Auction
The euro turned bearish against virtually all of its main currency rivals yesterday, as risk aversion returned to the marketplace ahead of today’s Spanish debt auction. Additionally, a positive UK Claimant Count Change figure led to a...
USD/CAD Forecast April 19, 2012, Technical Analysis
The USD/CAD pair had a bullish session on Wednesday as the oil markets fell for the day. The inventory number in the United States showed a larger build than expected, so oil fell in general. Because of...
AUD/USD Forecast April 19, 2012, Technical Analysis
The AUD/USD pair fell for the session on Wednesday as the “risk off” trade came back. The 200 day EMA is just above, and continues to push the market down at this point. The candlestick isn’t outside...
GBP/USD Forecast April 19, 2012, Technical Analysis
The GBP/USD pair rose again on Wednesday as the Bank of England suggested that easing wouldn’t be a consideration going forward. The British economy has been holding up well all things considered, and because of this, the...
USD/JPY Forecast April 19, 2012, Technical Analysis
The USD/JPY pair rose during the session on Wednesday as the market broke above the 81 handle. The recent bounce has been from just above the 50% Fibonacci level, which is just above the 80 handle itself.
EUR/USD Forecast April 19, 2012, Technical Analysis
The EUR/USD pair had a fairly wild session on Wednesday in order to eventually have a slightly negative day. The resulting candlestick formation looks a lot like a hammer, but it is far too stuck in traffic...
Positive German Data Helps Euro
The euro staged a broad recovery during yesterday’s trading session, as the combination of a positive German ZEW Economic Sentiment and smooth Spanish debt auction generated risk taking in the marketplace.
USD/CAD Forecast April 18, 2012, Technical Analysis
The USD/CAD pair fell rapidly on Tuesday as the Canadian dollar made massive gains for the session. The Bank of Canada came out with a semi-bullish monetary policy report for the month of January.
AUD/USD Forecast April 18, 2012, Technical Analysis
The AUD/USD pair rose during the Tuesday session as the “risk on” trade came back into vogue around the world. Stock markets and commodities rose on the whole, and as a result the riskier currencies were bought...