GBP/USD Forecast May 15, 2012, Technical Analysis
The GBP/USD pair rose on Monday as the Pound gained for much of the session. However, by the end of the daily session, the pair had given up most of its gains. The 1.6050 level had been...
Month: May 2012
AUD/USD Forecast May 15, 2012, Technical Analysis
The AUD/USD pair fell hard on the Monday session as the “risk off” trade came into vogue. The Americans have been buying up the risk assets after the Asians and Europeans sell them off, but the Monday...
USD/CAD Forecast May 15, 2012, Technical Analysis
The USD/CAD pair rose on Monday as the Dollar continues to strengthen everywhere at once. The risk off attitude continues to haunt this pair, and the fact that the oil markets have broken down a bit; we...
Forex-Metal Weekly Analysis
Market review for 7 – 11.05, 2012
Risk Aversion Continues to Weigh on Higher-Yielding Currencies
Following multiple failures by Greek politicians to form a new government, investors are now concerned about what impact a possible new election will have on Greece’s status in the euro-zone. The news weighed down on riskier currencies,...
EUR/USD Forecast May 14, 2012, Technical Analysis
The EUR/USD pair continues to be the absolute center of the Forex world on Friday as the problems in the European Union are front and center yet again. The Greek elections have really set a lot of...
USD/JPY Forecast May 14, 2012, Technical Analysis
The USD/JPY pair continued to grind sideways on Friday as the support area in 80 handle looks solid. The 200 exponential moving average is currently just below the price action, and this will bring in the trend...
GBP/USD Forecast May 14, 2012, Technical Analysis
The GBP/USD pair fell hard on Friday as the risk appetite of the global markets continues to fall. The 1.6050 level has been supportive lately, and this is exactly where the market sits at the moment.
AUD/USD Forecast May 14, 2012, Technical Analysis
The AUD/USD pair fell hard on Friday as the “risk off” attitude came back into the markets because of the continuing drama unfolding in the European Union. The Aussie is highly correlated to global growth, and there...
USD/CAD Forecast May 14, 2012, Technical Analysis
The USD/CAD pair fell for most of the session on Friday, but had a nice bounce in the late hours to form a hammer on the parity level. The markets have taken a decidedly “risk off” tone...