AUD/USD Forecast July 18, 2012, Technical Analysis
The AUD/USD pair shot straight up on the Tuesday session as traders began to speculate that easing out of both China and the United States could add more of a boost to the global economy.
Month: July 2012
USD/CAD Forecast July 18, 2012, Technical Analysis
The USD/CAD pair fell during the session on Tuesday as oil prices rose yet again. The 1.01 level continues offer support, but only just barely. We believe that a break below the hammer lows from the early...
USD Receives Boost Following Bernanke Speech
The US dollar saw significant gains during the afternoon session yesterday, following a speech from Fed Chairman Bernanke which resulted in investors shifting their funds back to the greenback. Turning to today, dollar traders can anticipate another...
GBP/USD: technical analysis – July 17, 2012
The GBP/USD has been unfolding lower in an expanding triangle visible on the daily chart. The recent up-leg has encountered resistance from the upper boundary line at the current 1.5645 highs. From here there is a possibility...
USD/JPY: downside possible
The yen has been correcting back and it has now reached a 61.8% Fibonacci of the previous move. My preference is for more downside given the incomplete wave sequence down from the March highs. A break below...
Forex-Metal Daily Analysis -17/07/2012
The dollar fell sharply on disappointing results of the U.S. Advance Retail
USDCAD: North American Central Bank Monetary Policies to Drive Loonie Growth
Important discourses from the North American central banks are expected to lift market volatility today, where the Canadian dollar is anticipated to gain opposite the US currency. The Bank of Canada is scheduled to release the nation’s...
EUR/USD: technical analysis – July 17, 2012
The EUR/USD pair is rising within a down-sloping channel. It will probably reach the upper channel line at 1.2360. The target for the double bottom and the monthly pivot, however, lie slightly higher at 1.2380 – another...
Europe: Cause of the Looming Global Economic Dilemma
The International Monetary Fund has stepped up its warnings on risks to the global economy, especially from Europe, as it trimmed its growth forecast for the rest of the year.
EUR/USD Forecast July 17, 2012, Technical Analysis
The EUR/USD pair got a nice bounce after initially falling on Monday as the Americans reported a very weak retail sales number. This had people selling the US dollar, and as a result the euro got a...