Increased confidence in Germany, Spanish Bailout Lift Euro

by Forexyard.com | October 17, 2012 7:32 am
The euro made bullish gains yesterday morning against the dollar and yen, as investors increased their confidence regarding Spain asking for a bailout and confidence in the German economy. Today, the main piece of economic news is...

Are the Canadian Dollar Longs Starting to Sell?

by CashBackForex.com | October 17, 2012 7:20 am
Since the beginning of August, currency futures speculators have been putting on a very large long position in the Canadian Dollar. According to the latest COT report, the spec long was down from the high, 139.3K contracts...

Daily FX perspective October 17, 2012 – GFM Research

by gfmresearch.com | October 17, 2012 5:34 am
The US Dollar continues down trend after hitting short term resistance of 80.25 ranges a couple of days back to currently trade at short term support of 79.20 resulting in appreciation of most of the asset classes,...

Speculators Reduce Their USD Currency Shorts

by CashBackForex.com | October 16, 2012 10:31 am
COT (Commitment of Traders) Report, 09 October 2012. During the latest COT reporting period, currency speculators, in the aggregate, reduced their USD short position by over 107K contracts.

EUR/GBP: Euro Gains Ahead of the EU Economic Summit

by AlgosysFx | October 16, 2012 7:10 am
In the previous European trading session, the Euro advanced versus the British pound as markets look ahead to this week’s European summit, where the European finance leaders would discuss about ways to stem the debt crisis.

USD/JPY Forecast October 16, 2012, Technical Analysis

by FX Empire | October 16, 2012 6:36 am
The USD/JPY pair rose during the session on Monday as the buyers stepped into the marketplace. However, we are currently in the middle of a massive consolidation zone that extends from 77.50 to the 79.50 level.

USD/CAD Forecast October 16, 2012, Technical Analysis

by FX Empire | October 16, 2012 6:36 am
The USD/CAD currency pair had a bullish session on Monday as the market continues to hover around the 0.98 handle. This market currently doesn’t really interest us as we see far too many chances at choppiness over...

GBP/USD Forecast October 16, 2012, Technical Analysis

by FX Empire | October 16, 2012 6:35 am
The GBP/USD pair struggled during the session on Monday, but did bounce in order to form a little bit of a hammer. We have seen the 1.60 handle offer quite a bit of support, and this would...