USD/JPY: technical analysis – July 31, 2012
The USD/JPY pair may be on its way down to retouch the 77.70 lows. This could be the final 5th Elliot wave of a 5-wave move which started in June. There was a false break back into...
Month: July 2012
EUR/USD Forecast July 31, 2012, Technical Analysis
The EUR/USD pair fell during the Monday session after forming a shooting star at the 1.23 level on Friday. This is a bearish turn of events, but it should be said that there was a little bit...
USD/JPY Forecast July 31, 2012, Technical Analysis
The USD/JPY pair fell during the Monday session, to approach the 78 handle yet again. The level does however look like it’s been defended by the Bank of Japan judging by recent action.
GBP/USD Forecast July 31, 2012, Technical Analysis
GBP/USD fell during most of the session on Monday, but found its footing at the 1.57 level to look like it’s ready to try to break out yet again. The 1.58 level above is still resistive, but...
AUD/USD Forecast July 31, 2012, Technical Analysis
The AUD/USD pair rose during the session on Monday, continuing the bullish action as seen over the last four sessions. However, we are approaching the 1.05 level and it does look like the pair is starting to...
USD/CAD Forecast July 31, 2012, Technical Analysis
The USD/CAD pair fell during the session on Monday as the fall in this pair continued. However, the parity level is just below and we feel that it will more than likely offer some kind of support.
EUR/USD: technical analysis – July 31, 2012
The euro-dollar pair is currently rising within a channel visible on the 4-hour chart, if it continues it could reach the upper channel line at 1.2360, however, any higher would be less likely. The pair has formed...
Forex-Metal Daily Analysis -31/07/2012
Market review for 30.07.12: The markets in anticipation of the ECB and Fed of U.S. meetings.
EUR/GBP: ECB Feared to Fall Short on its Pledge
The Euro incurred losses against the British pound in yesterday’s European trading session as markets wait for actions to be taken by the European Central Bank (ECB) after President Mario Draghi last week pledged to preserve the...
Germany Waiting on the ECB
According to provisional results of the Federal Statistical Office (Destatis), the June turnover of German retail sales, when adjusted for calendar and seasonal variations, was in nominal terms 0.3 percent larger than that of last May. However,...