GBPUSD Analysis – December 8, 2012
GBPUSD had formed a cycle top at 1.6130 on daily chart. Further decline would likely be seen next week, and next target would be at 1.5900 area. Resistance is now at 1.6130, only break above this level...
Month: December 2012
EURUSD Analysis – December 8, 2012
EURUSD failed to break above 1.3171 previous high resistance and pulled back from 1.3125, suggesting that a cycle top had been formed on daily chart, and lengthier consolidation of the uptrend from 1.2042 is underway.
USD/JPY Forecast December 7, 2012, Technical Analysis
The USD/JPY pair did very little during the session on Thursday, as the markets were fairly quiet overall. We are at the top of a recent consolidation area, and as such it looks like we are trying...
USD/CAD Forecast December 7, 2012, Technical Analysis
The USD/CAD pair fell during the session on Thursday and even managed to break down below the 0.99 handle. However, we got a nice bounce from that area and it does look like the market is closing...
GBP/USD Forecast December 7, 2012, Technical Analysis
The GBP/USD pair initially rose during the session on Thursday, but found the 1.61 level far too resistive to overcome, and as a result we formed a fairly negative looking shooting star shaped candle. However, we had...
EUR/USD Forecast December 7, 2012, Technical Analysis
The EUR/USD pair fell rather precipitously during the Thursday session as ECB Chairman Mario Draghi suggested that there was more demand out of the ECB members for a rate cut, and that growth will be smaller than...
AUD/USD Forecast December 7, 2012, Technical Analysis
The AUD/USD pair spiked and managed to get above the 1.05 level during the Thursday session, but fell back down below it. This just signifies how resistive the area it really is, and as a result we...
Non-Farm Payrolls Set to Create Major Market Volatility Today
The euro fell against several of its main currency rivals yesterday, after EU growth forecasts were lowered and speculations came about that the ECB was considering a cut in euro-zone interest rates. The news also weighed down...
EUR/USD: Euro Falls as ECB Keeps Door Open for Further Easing
A downbeat assessment by the European Central Bank is presumed to continue weakening the Euro today opposite the US dollar. In its final monetary policy meeting this year, the ECB admitted that it considered an interest rate...
Daily FX Perspective December 07, 2012 – GFM Research
Market CommentaryAfter trading consistently at the short term support of 79.70 ranges for couple of days, the Dollar Index found support at 79.70 to appreciate to 80.25 ranges. Historic inverse correlation between our benchmark equity index of...