EUR/USD Forecast February 12, 2013, Technical Analysis
The EUR/USD pair rose during the session on Monday, bouncing off of the lows that we had put in last week. However, we did give back a significant amount of the gains, so now we are left...
Month: February 2013
AUD/USD Forecast February 12, 2013, Technical Analysis
The AUD/USD pair fell hard during the session on Monday, and continued its weakness as the Australian dollar simply cannot get out of its own way. However, we think that there is quite a bit of noise...
GFM Research FX Daily Report, Feb 12, 2013
Market Commentary The Dollar Index is trading firm at 80.00 ranges on the event of most of the asset classes either nearing their respective resistance zones or correcting. The benchmark equity index of the Dow Industrials (.DJIA)...
Comparison of Binary Options Trading and Forex Trading
It is not uncommon to see binary options trading and Forex trading being linked, as both are considered to be alternate forms of trading outside of traditional market trading. However, this is really where the similarities end,...
AUD/JPY: Aussie Maintains Dip on RBA Outlook, Home Loans Decline
The Australian dollar is deemed to maintain its drop opposite the Japanese yen today after the Reserve Bank of Australia slashed its economic growth and inflation forecasts in its quarterly monetary policy statement released last Friday, suggesting...
GFM Research FX Daily Report, Feb 11, 2013
Market Commentary The Dollar Index (DX) is dwindling around 80.20 ranges on the even of the benchmark equity index of the Dow Industrials (.DJIA) trading tight at the psychological resistance of 14000 mark. Next leg of Dollar...
USDCAD Analysis – February 9, 2013
USDCAD is in downtrend from 1.0100, the rise from 0.9932 is likely correction of the downtrend. Key resistance is at 1.0100, as long as this level holds, the downtrend could be expected to resume, and another fall...
USDCHF Analysis – February 9, 2013
USDCHF has formed a cycle bottom at 0.9021 on daily chart. Further rally would likely be seen next week, and the target would be at the downward trend line.
USDJPY Analysis – February 9, 2013
USDJPY’s upward movement from 77.14 extends to as high as 94.05. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue,...
AUDUSD Analysis – February 9, 2013
AUDUSD’s downward movement from 1.0597 extends to as low as 1.0254. Further decline is still possible next week, and next target would be at 1.0100 area. Resistance is at the downward trend line on daily chart, only...