Forex-Metal Daily Analysis -10/07/2012
Market review for 09.07.12: The Euro-Zone Sentix Investor Confidence index fell in July to the -29.6 points value. Asian and European trading sessions:
Month: July 2012
Will Negative Japanese Economic News Harm The Yen?
To the chagrin of the Bank of Japan, who would prefer to have a lower yen, and the many Japanese exporters harmed by the elevated yen, the turmoil in Europe continues sending haven buyers to seek the...
EUR/USD Stabilizes After Hitting 2-Year Low
The euro stabilized against the US dollar yesterday after hitting a two-year low last week. A disappointing US jobs report contributed to the significant risk-aversion in the marketplace and played a role in the euro’s renewed bearish...
EUR/USD Forecast July 10, 2012, Technical Analysis
EUR/USD tried to rally during the Monday session, and although it did succeed to a point looks very weak nonetheless. The 1.23 level was overtaken again, but only just and without any serious conviction.
USD/JPY Forecast July 10, 2012, Technical Analysis
The USD/JPY pair managed to gain slightly during the Monday session, in otherwise tight trading ranges in financial markets around the world. With the poor jobs number last Friday, there was a lot of “risk off” trading...
GBP/USD Forecast July 10, 2012, Technical Analysis
The GBP/USD pair had a slightly positive session on Monday as traders came back to resume the consolidated of tone in this currency pair. The 1.55 level has been sportive for the last month or so, and...
AUD/USD Forecast July 10, 2010, Technical Analysis
AUD/USD had a slightly bullish day on Monday after initially falling. The currency pair formed a hammer, and this of course is a very bullish signal. It appears that the 1.02 level is offering support at this...
USD/CAD Forecast July 10, 2012, Technical Analysis
USD/CAD pair fell after initially moving higher on Monday. The market formed a shooting star, however this is a very short one and looks like one to ignore. The 1.0150 level should still offer support, and we...
Forex-Metal Weekly Analysis
Market review for 2 – 6.07.2012
EUR/USD Falls to 2-Year Low
A worse than expected US Non-Farm Payrolls figure on Friday led to risk aversion in the marketplace and sent the euro to a two-year low against the US dollar. Commodities and precious metals also saw bearish movement...