USD/CAD Forecast June 22, 2012, Technical Analysis
The USD/CAD pair absolutely skyrocketed during the Thursday session as the “risk off” trade came back into play. The oil markets fell during the session, and the CAD got punished as a result.
Month: June 2012
GBP/USD Forecast June 22, 2102, Technical Analysis
The GBP/USD pair broke down for the session on Thursday as the concerns in global economies continue. There are several British banks on the radar screens of the credit agencies now, and as a result we like...
EUR/USD Forecast June 22, 2012, Technical Analysis
The EUR/USD pair fell hard on Thursday as the markets worried about immanent downgrades of the world’s largest banks by Moody’s, and weak economic numbers from both China and Germany.
AUD/USD Forecast June 22, 2012, Technical Analysis
The AUD/USD pair fell hard on Thursday as the “risk off” trade is now in control again. The lack of risk taking makes sense, as the economic numbers out of Germany and more importantly to the Aussie...
Disappointing Euro-Zone Data Leads to Risk Aversion
Worse than expected euro-zone data, specifically the German Flash Manufacturing PMI, led to moderate risk aversion during mid-day trading yesterday. Fears that the euro-zone debt crisis could be spreading beyond Greece and Spain were reinforced following the...
Forex-Metal Daily Analysis -21/06/2012
The FOMC meeting results: the rate kept at 0-0.25 %, the “Twist” program
Speculation Regarding Fed Policy Keeps Riskier Currencies Elevated
Riskier currencies, including the Australian dollar and euro, were able to hold onto gains from earlier in the week during trading yesterday, as speculation that the Fed would extend its bond-buying program led to risk taking among...
EUR/USD Forecast June 21, 2012, Technical Analysis
EUR/USD had fairly volatile day on Wednesday as the Federal Reserve had its announcement signaling an extension of the “Operation Twist.” The market reaction was one of confusion, and at the end of the day, not much...
USD/JPY Forecast June 21, 2012, Technical Analysis
The USD/JPY pair rose during the session as the Federal Reserve only managed to extend the “Operation Twist” instead of easing further and more aggressively. Based upon the Fed’s announcement, it looks as if the central banks...
GBP/USD Forecast June 21, 2012, Technical Analysis
The GBP/USD pair had a wild day on Wednesday in order to finish the day basically unchanged. The pair will be sensitive to a lot of different things at once, but the most interesting fact is that...