EUR/USD Forecast October 16, 2012, Technical Analysis
The EUR/USD pair tried to rally during the session on Monday, and while he did hold some of the gains, it should be noted that the 1.30 level has yet again offered resistance.
Month: October 2012
AUD/USD Forecast October 16, 2012, Technical Analysis
The AUD/USD pair had a fairly quiet session on Monday, but did manage to bounce back off of the 1.02 level yet again. This suggests to us that this area is going to put up quite a...
NZD/USD: Slower Inflation Weakens the Kiwi
The New Zealand dollar is foreseen to incur losses opposite the US dollar today as the Kiwi nation’s annual inflation hit its lowest level in nearly 13 years in September, reflecting a strong currency and a slack...
Market Looks to US Retail Sales
The US dollars had a bearish trend against most of its main currency rivals before markets closed for the weekend on Friday, as concerns regarding Spanish debt continued to boost safe-haven currencies. Worries about Spain were also...
EUR/USD Forecast October 15, 2012, Technical Analysis
EUR/USD rose during the session on Friday, but bounced off of the 1.30 handle yet again. Now it looks like we had formed a shooting star, and this of course is a bearish sign.
USD/JPY Forecast October 15, 2012, Technical Analysis
The USD/JPY pair barely moved during the Friday session as the pair continues to be pretty much a stalemate. This pair reflects the fact that there are two central banks are involved that are currently trying to...
GBP/USD Forecast October 15, 2012, Technical Analysis
The GBP/USD pair rose during the session on Friday as the bounce from 1.60 got the pair moving to the positive side again. During the last summer, we saw a massive ascending triangle breakout at the 1.58...
AUD/USD Forecast October 15, 2012, Technical Analysis
The AUD/USD pair attempted to rally on Friday, but was turned away at the 1.03 level again for the second time in 48 hours. The candle shaped is a shooting star, and it is at the bottom...
USD/CAD Forecast October 15, 2012, Technical Analysis
The USD/CAD pair gained slightly during the session on Friday as the markets basically went nowhere. The oil markets of course will continue to drive this currency pair, but more importantly at this moment in time is...
Daily FX perspective October 15, 2012 – GFM Research
The Dollar Index gains more than 40 points amidst weaker asset classes especially the equities. The Greenback gained most against the Common currency, the Cable and the Swiss Franc where as trading flat against the Aussie. Currently...