USD/JPY Forecast May 10, 2012, Technical Analysis
The USD/JPY pair has been one of the most interesting pairs in the currency markets lately, and the Wednesday session proved to be more of the same.
Month: May 2012
GBP/USD Forecast May 10, 2012, Technical Analysis
The GBP/USD pair fell for most of the session on Wednesday in order to retest the 1.6050 level for support. In the end, it go it as the pair bounced hard from that point. The resulting candle...
AUD/USD Forecast May 10, 2012, Technical Analysis
The AUD/USD pair fell for most of the day on Wednesday, as the world strayed away from the risk trade. The pair even managed to get with 14 pips of parity before the bounce at the end...
USD/CAD Forecast May 10, 2012, Technical Analysis
The USD/CAD pair shot straight through the parity level for most of the session on Wednesday as the fear trade came back into play. The level has held in a sense though, as the daily candle produced...
Slow News Day May Lead to Further Euro Losses
The euro remained relatively unchanged vs. its main rivals throughout the European session yesterday, as political uncertainty in the euro-zone kept the currency near its recent lows. After dropping as low as 1.3000 during early morning trading,...
EUR/USD Forecast May 9, 2012, Technical Analysis
The EUR/USD pair has been very stubborn recently, and the Tuesday session proved to be more of the same. The 1.30 level is a well-known support area, as every time the markets have approached it, the bulls...
USD/JPY Forecast May 9, 2012, Technical Analysis
The USD/JPY pair had a fairly back and forth session on Tuesday in order to essentially go nowhere. The pair continues to hover around the 80 handle, and the level is one to watch without a doubt....
GBP/USD Forecast May 9, 2012, Technical Analysis
The GBP/USD pair fell during the session as the “risk off” trade came back into vogue. The market managed a bounce late in the day though, and it looks as if the pair still has plenty of...
AUD/USD Forecast May 9, 2012, Technical Analysis
AUD/USD fell during the Tuesday session, completely wiping out the gains from the Monday session. The fears over the European crisis are weighing on risk assets, and the Aussie is one of the most favored ways for...
USD/CAD Forecast May 9, 2012, Technical Analysis
The USD/CAD shot through the parity level on Tuesday as the flight to the Dollar continues around the world. The oil markets will be very influential at this point in time, and the Light Sweet Crude markets...