US Consumer Sentiment Data May Boost Dollar

by Forexyard.com | January 18, 2013 7:44 am
A better than expected US Unemployment Claims figure gave the USD a temporary boost yesterday afternoon, before a disappointing manufacturing indicator resulted in the greenback reversing some of its earlier gains.

USD/JPY Forecast January 18, 2013, Technical Analysis

by FX Empire | January 18, 2013 4:43 am
The USD/JPY pair shot straight up during the Thursday session as we slammed into the 90 handle. At the end of the session though, we did pullback a little bit from that level and now are finding...

USD/CAD Forecast January 18, 2013, Technical Analysis

by FX Empire | January 18, 2013 4:42 am
The USD/CAD pair went back and forth during the Thursday session, but managed to find weakness in the end as we printed a shooting star looking candle. This candle suggests that we are going lower, and as...

GBP/USD Forecast January 18, 2013, Technical Analysis

by FX Empire | January 18, 2013 4:41 am
The GBP/USD pair had a back-and-forth session during the Thursday trading day and essentially hovered around the 1.60 level at the end of all of the erratic behavior. It looks like we’re trying to break through the...

EUR/USD Forecast January 18, 2013, Technical Analysis

by FX Empire | January 18, 2013 4:41 am
EUR/USD pair had a strong showing on Thursday as we bounced from the 1.33 handle and closed near the recent highs at 1.34. In fact, it appears that we are dead set on testing that level again...

AUD/USD Forecast January 18, 2013, Technical Analysis

by FX Empire | January 18, 2013 4:40 am
The AUD/USD pair fell pretty significantly during the session on Thursday, but found enough support at the 1.05 level to bounce much higher and form a wicked looking candle.

Forex Markets Seen as a Global Competitive Event

by CashBackForex.com | January 17, 2013 3:33 pm
There is global unrest amongst leaders as they assess overt and covert efforts to influence the relationship of currencies. Little notice was paid when Switzerland pegged the franc to the euro, perhaps because there was little international impact.

Euro Takes Additional Losses Following Finance Minister Comments

by Forexyard.com | January 17, 2013 7:01 am
Comments from an EU finance minister earlier this week, in which he said that the euro’s recent bullish movement is threatening to hurt exports in the region, continued to weigh down on the EUR/USD yesterday.

USD/JPY Forecast January 17, 2013, Technical Analysis

by FX Empire | January 17, 2013 3:04 am
The USD/JPY pair fell during the session on Wednesday, but found enough support in the 87.25 range to bounce enough to form a nice-looking hammer. This hammer sits just on top of a recent swing high, so...