Concerns Regarding Spain, Greece Weigh on Euro
The euro remained bearish throughout the day yesterday, as ongoing concerns regarding the debt situations in Greece and Spain weighed down on investor confidence in the euro-zone economic recovery.
Month: September 2012
Will QE3 Really Damage the USD?
When the Fed announced last week they were going to resume the expansion of their balance sheet with another edition of QE, traders immediate reaction was to sell the USD and buy commodities. Positions were assumed accordingly,...
Daily FX perspective September 26, 2012 – GFM Research
Amidst most of the asset classes especially the equities correcting the Dollar Index appreciated to currently trade at 79.84. Further fall in the Greenback is expected only on the Dollar Index consistently trading below 78.00 ranges.
USD/JPY Forecast September 26, 2012, Technical Analysis
The USD/JPY pair fell during the session on Tuesday as the 78 handle has been solidly broken. However, it does look like a little bit of support came late in the day. This particular pair is a...
USD/CAD Forecast September 26, 2012, Technical Analysis
The USD/CAD pair rose during the session after initially falling on Tuesday in order to press upon the 0.98 handle. However, towards the end of the day we saw a little bit of a pullback as it...
GBP/USD Forecast September 26, 2012, Technical Analysis
The GBP/USD pair fell during the session after initially surging on Tuesday, in order to test the 1.62 level yet again. This market has been very bullish, but we want to see a pullback in order to...
EUR/USD Forecast September 26, 2012, Technical Analysis
The EUR/USD pair fell during the session on Tuesday in order to test the 1.29 handle for support the second time in two days. This market still looks like it’s a bit overbought, and a pullback to...
AUD/USD Forecast September 26, 2012, Technical Analysis
AUD/ USD initially tried to rally during the session on Tuesday, but was cut short and reversal and the 1.0470 level. The resulting candle was a shooting star, and it did break the bottom of the hammer...
Forex-Metal Daily Analysis -25/09/2012
Market review for 24.09.12: There were disagreements between European leaders.
EUR/USD: technical analysis – September 25, 2012
The exchange rate has stalled after breaking back into its channel. Wave 5 down is in the process of finishing. It is possible the correction has yet to play out, and it could bounce back up to...