Forex-Metal Daily Analysis -30/08/2012
Technical analysis for 30.08
Month: August 2012
GBP/USD: upside bias
The GBP/USD is consolidating with a bias to the upside. My preference is for a missing wave higher to re-test the 1.5909 highs, with a break above the 1.5855 level providing some confirmation. Alternatively, the top of...
Australian Dollar Is Due For A Sell-Off
Earlier in the week, while doing an analysis of the recent COT report, I noticed something peculiar in the data for the Australian Dollar. During the past six weeks the number of futures contracts held by long speculators...
EUR/USD: trend still up
The EUR/USD pair is meandering without much direction at the moment. The deadening volume may be put down to a substantial portion of the market standing aside in anticipation of Jackson Hole. Nevertheless, the pair is still...
EUR/USD: Euro Weakens Before the Jackson Hole Symposium
In yesterday’s European trading exchanges, the Euro incurred losses against the US dollar on reduced expectations over another monetary easing by the Federal Reserve because of better than expected US economic data.
Euro-Zone, US News Set to Impact Markets Today
The US dollar was able to recoup some of its recent losses during European trading yesterday, as better than expected US data helped boost confidence in the American economic recovery. Today, potentially significant news out of both...
EUR/USD Forecast August 30, 2012, Technical Analysis
The EUR/USD pair fell during the session on Wednesday in order to come back down and retest the 1.25 area. The hammer shaped candle from the Tuesday session continues offer support at this point in time, but...
USD/JPY Forecast August 30, 2012, Technical Analysis
USD/JPY had a fairly quiet session on Wednesday as the support area down to the 78 handle continues to hold the market up. This area seems to be rather strong, and as we know that the Bank...
30-Aug: Daily FX perspective – GFM Research
The US Dollar is trading flat at 81.54 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.
GBP/USD Forecast August 30, 2012, Technical Analysis
The GBP/USD pair had a fairly wild ride on Wednesday, as it both rose and fell during the trading session. By the time it was all said and done, the market had finished in a fairly neutral...