EUR/USD: Positive Headlines Buoying the Euro
The Euro is foreseen to gain opposite the US dollar today on views that efforts to resolve the lingering debt turmoil are gaining ground.
Month: November 2012
EUR/GBP: Greek Debt Deal Uncertainties Hurt the Euro, Favor the Pound
In the previous European trading session, the Euro won versus the Great British pound as hopes over a Greek debt deal turned to doubts, prompting investors to sell the former in favor of the latter.
Despite Greek Bailout Agreement, Euro Turns Bearish
The euro turned bearish against several of its main currency rivals yesterday, despite the announcement that an agreement between euro-zone finance ministers to provide Greece with a new round of bailout funds had been reached.
USD/JPY Forecast November 28, Technical Analysis
The USD/JPY pair gained again during the session on Tuesday, but gave up about half of what it accomplished. This pair still looks positive in our eyes, and we think that a further weakening of this pair...
USD/CAD Forecast November 28, 2012, Technical Analysis
The USD/CAD pair had a volatile day on Tuesday as the markets went back and forth between “risk on”, and “risk off.” The shape of the candle for the day ended up being a hammer, but this...
GBP/USD Forecast November 28, 2012, Technical Analysis
The GBP/USD pair initially rallied during the session on Tuesday, but failed to hang onto gains and formed a shooting star. On Monday, we had formed a hammer, so this suggests quite a bit of indecisiveness to...
EUR/USD Forecast November 28, 2012, Technical Analysis
The EUR/USD pair fell below the bottom of the hammer from the previous day on Tuesday, and this of course is a massively bearish signal. The fact that we are closing below the lows on Monday suggests...
AUD/USD Forecast November 28, 2012, Technical Analysis
The AUD/USD pair initially tried to rally during the session on Tuesday, but failed and ended up closing lower. This candle is an outside candle, and as such it looks like we could be setting up for...
USD/CAD: Limited Gains on Greek Debt Accord and Durable Goods Orders
With market elation over a Greek debt agreement, risk sentiment is anticipated to push the Canadian dollar to further gains opposite its currency neighbor, US dollar.
US News Expected to Impact Marketplace Today
The marketplace was relatively quiet throughout the European session yesterday, as cautious investors were hesitant to open new positions during a meeting of euro-zone finance ministers discussing a new round of bailout funds for Greece.