EUR/NZD: wave 5 underway
EUR/NZD has started to rise after pulling back to the multi-month support line at 1.5580. This may mark the end of wave 4 and could be the start of the 5th wave, which could eventually retouch the...
Month: September 2012
EUR/GBP: Fed Stimulus Plan Lifts the Euro
The British pound advanced versus the Euro in the previous European trading exchanges on expectations that the Federal Reserve would announce a third round of quantitative easing to support the US economy.
Daily FX perspective September 14, 2012 – GFM Research
After the Fed chairman, Mr,Bernanke announced buying MBS and other assets to boost the job market, the Dollar stumbled to the month’s lows to currently trade at 79.02. DX seems to be heading towards the historic support...
USD/JPY Forecast September 14, 2012, Technical Analysis
The USD/JPY pair fell precipitously during the session on Thursday as the Federal Reserve announced further quantitative easing going forward. The seemingly unlimited time frame that they are willing to participate in this action has certainly put...
USD/CAD Forecast September 14, 2012, Technical Analysis
The USD/CAD pair fell hard during the session on Thursday after the quantitative measures was announced by the Federal Reserve. Oil prices rose, and as such the Canadian dollar did as well. This pair fell obviously, and...
GBP/USD Forecast September 14, 2012, Technical Analysis
The GBP/USD pair rose during the session as the US dollar sold off in general. The Federal Reserve announced larger than expected and longer than expected quantitative easing measures during the Thursday session, and as such we...
EUR/USD Forecast September 14, 2012, Technical Analysis
The EUR/USD pair shot straight up during the session on Thursday as the Federal Reserve has expanded its monetary easing policy yet again. The pair closed at the top of the range for the session, and slammed...
AUD/USD Forecast September 14, 2012, Technical Analysis
AUD/USD rose during the session after more quantitative easing came out of the Federal Reserve on Thursday. The 1.05 level has been broken above now, and as such it does look like we’re going to continue much...
Dollar Sees Mixed Reaction to FOMC Statement
The dollar saw a mixed reaction against its main currency rivals yesterday, following the Fed’s decision to expand its bond buying program. Even though the move was widely anticipated, the market still saw substantial volatility, with the...
EUR/USD: QE3 Expectations, German Court Ratification of ESM Buoy the Euro
The Euro gained versus the US dollar in the previous European trading session as the German Constitutional Court rendered judgement in favor of the European Stability Mechanism, the Euro Zone’s bailout fund, clearing the way for Germany...