Forex-Metal Weekly Analysis
Market review for 30.07 – 3.08.2012
Month: August 2012
EUR/GBP: Worries over a Deepening UK Recession to Hurt the Pound
The Euro gained versus the Great British pound by 60 pips in the previous European trading session as measures aimed at triggering economic growth in the UK could not have been sufficient to pull the nation’s economy...
US Jobs Data Leads to Risk Taking
A better than forecasted US Non-Farms Payroll figure on Friday led to risk taking in the marketplace, which turned currencies like the euro and AUD bullish. Furthermore, commodities and precious metals received a significant boost following the...
EUR/USD Forecast August 6, 2012, Technical Analysis
The EUR/USD pair had a massively bullish session during the Friday trading session as the US jobs number came out at positive 165,000 added last month. This got the “risk on trade” back into play, especially considering...
USD/JPY Forecast August 6, 2012, Technical Analysis
The USD/JPY pair had a bullish session on Friday as the US employment numbers came out at 165,000 jobs added for last month. The pair did Spike above the 78.60 level that we have been watching as...
GBP/USD Forecast August 6, 2012, Technical Analysis
The GBP/USD pair shot straight up like a rocket during the Friday session after the nonfarm payroll numbers came out. It had already been positive for the session, but the jobs situation in the United States only...
AUD/USD Forecast August 6, 2012, Technical Analysis
The AUD/USD pair shot straight up after the mildly bullish European session, and then especially so after the extremely strong US jobs number. The surprise to the upside got everybody in the markets in the “risk on”...
USD/CAD Forecast August 6, 2012, Technical Analysis
The USD/CAD pair fell during the Friday session as the parity level was pierced. However, by the end of the session we saw parity hold in this suggests that perhaps we are ready for a bounce.
USDCAD Analysis – August 4, 2012
USDCAD remains in downtrend from 1.0445, and the fall extends to as low as 0.9979. Further decline is expected next week, and next target would be at 0.9800 area. Resistance is now at the downward trend line...
USDCHF Analysis – August 4, 2012
USDCHF remains in uptrend from 0.8931, the fall from 0.9971 is treated as consolidation of the uptrend. Deeper decline would likely be seen next week, and the target would be at 1.0500 area. Key resistance is at...