Forex-Metal Daily Analysis -31/08/2012
Market review for 30.08.12: The market is waiting for tomorrow’s speech of Mr. Bernanke. Asian and European trading sessions:
Month: August 2012
EUR/USD: triangle forming
Eurodollar is forming a triangle with the exchange rate currently rising in an Elliot ‘D’ wave, targeting the upper boundary at 1.2555. After that it will probably fall back down to the lower boundary at 1.2480 as...
USD/CAD: Subdued Hopes for Key Bernanke Speech Puts Greenback in Peril
With the markets lowering expectations for Federal Reserve Chairman Ben Bernanke’s highly-awaited speech in Jackson Hole today, the US dollar is perceived to gain alongside its Canadian counterpart.
Bernanke Speech Set to Create Heavy Volatility
The marketplace was relatively quiet yesterday, despite a positive Italian ten-year bond auction which signaled to investors an improving economic situation in the euro-zone. Today, the main piece of news is likely to be an eagerly anticipated...
AUD/USD Forecast August 31, 2012, Technical Analysis
The AUD/USD pair fell below the 1.03 level on Thursday, to signify further weakness. However, this area does look very supportive and the fact that we bounce slightly towards the end of the session should be no...
EUR/USD Forecast August 31, 2012, Technical Analysis
The EUR/USD pair ended up lower at the end of the Thursday session sitting just above the 1.25 level again, as it serves as support. With the Federal Reserve Chairman giving a speech later today in Wyoming,...
GBP/USD Forecast August 31, 2012, Technical Analysis
The GBP/USD pair fell during the session on Thursday after initially trying to surge higher. The oddly shaped candle ended up being somewhat of a shooting star, but isn’t quite shaped correctly to get us too concerned....
USD/CAD Forecast August 31, 2012, Technical Analysis
The USD/CAD pair rose during the session on Thursday as the support continues to build around the 0.99 handle. The pair is currently towards the bottom of a larger consolidation zone between 0.98 and 1.04, and as...
USD/JPY Forecast August 31, 2012, Technical Analysis
The USD/JPY pair fell during the session on Thursday, but bounce slightly to form a hammer just above the 78.50 level. The pair is currently sitting on the upper end of a large support area from 78...
31-Aug: Daily FX perspective – GFM Research
The US Dollar is still trading flat at 81.64 with 81.00-81.20 acting as support and 82.10-82.30 acting as resistance; only daily close below 81.00 would lead to further depreciation in the USD across the board. The benchmark...