GBPUSD Analysis – February 3, 2013
GBPUSD remains in downtrend from 1.6339, and the fall extends to as low as 1.5674. Further decline is still possible, and next target would be at 1.5500 area.
Month: February 2013
EURUSD Analysis – February 3, 2013
EURUSD continues its upward movement from 1.2661, and the rise extends to as high as 1.3711. Further rise could be expected after a minor consolidation, and next target would be at 1.3800-1.3900 area.
USD/JPY Forecast February 4, 2013, Technical Analysis
The USD/JPY pair shot straight up on Friday again as the nonfarm payroll numbers came out as expected in the United States. This market continues in bullish run, and there’s definitely nothing that looks like resistance in...
USD/CAD Forecast February 4, 2013, Technical Analysis
The USD/CAD pair attempted to rally during the session on Friday as the Non-Farm Payroll numbers came out as expected in the United States. The pair failed though, and as a result formed a shooting star.
GBP/USD Forecast February 4, 2013, Technical Analysis
GBP/USD had a horrible showing on Friday, as we slammed all the way down to the 1.57 handle. If there was going to be any serious fight by the bulls down at this level, Friday proved that...
EUR/USD Forecast February 4, 2013, Technical Analysis
The EUR/USD pair rose again during the Friday session as the nonfarm payroll numbers in America came out pretty much as expected. This being said, we have broken above the 1.350 level, which of course was an...
AUD/USD Forecast February 4, 2013, Technical Analysis
The AUD/USD pair fell during the Friday session as the Aussie continues to underperform. The market has been consolidating between the 1.02 and 1.06 levels, and has a “midpoint” of 1.04 to guide the markets.
AUD/USD: Projected Strong NFP Figure Seen to Revive Fed Pullback Talks
The US dollar is foreseen to gain opposite the Australian dollar today on views that an expected buoyant Non-Farm Payrolls report could spur the Federal Reserve to start considering a rollback of its easy monetary policy.
Is the Yen Still a Sale?
Forex traders who correctly anticipated the yen was going to fall against other currencies have had a good month. At the beginning of January, the USD/JPY was trading just under 87¥ to the USD. By the end...
All Eyes on US Employment Data Today
The euro saw a temporary downward correction during morning trading yesterday, following a worse than expected German retail sales figure that caused investors to shift their funds to safe-haven assets.