GBP /USD Forecast March 21, 2013, Technical Analysis
The GBP/USD pair had a while back and forth session during Wednesday as we both bounced off of the 1.50 zone, and failed of the 1.52 level. With that being said, it looks like not much will...
Month: March 2013
EUR /USD Forecast March 21, 2013, Technical Analysis
The EUR/USD pair had a bullish showing on Wednesday as the markets bounced high enough to test the 1.30 level again, but as it has over the last three sessions, the level offered too much resistance for...
AUD/USD Forecast March 21, 2013, Technical Analysis
The AUD/USD pair rallied during the session on Wednesday and even broke above the 1.04 level yet again during the session. However, just as it has the last three days in a row, the Australian dollar could...
US dollar stays firm over Cyprus banking uncertainty
Economic news (20 March 2013) – The dollar edged up against most of its major counterparts in early Asian trading on Wednesday as it extended its gains from yesterday, ahead of the end of the Fed’s policy...
EUR/USD: Potential Retracement (March 20, 2013)
After Cypriot officials and the Troika unveiled a bailout proposal to save Cyprus’ troubled banks, the parliament rejected the plan since it involved a one-time tax levy on deposits. This prompted fears of a bank run in...
USD/JPY Forecast March 20, 2013, Technical Analysis
The USD/JPY pair fell slightly during the session on Tuesday, but bounced above the 95 handle by the end of the day in order to stay supported by the region. Looking at this market, the Bank of...
USD/CAD Forecast March 20, 2013, Technical Analysis
The USD/CAD pair rose during the session on Tuesday as the “risk off” trade came back into play. The move was in line with the recent bullishness that we have seen, and as a result we are...
GBP/USD Forecast March 20, 2013, Technical Analysis
For the third trading session in a row, this pair has formed a shooting star on Tuesday. This shooting star gravitates around the 1.51 handle, and as a result it does look like this market is setting...
EUR/USD Forecast March 20, 2013, Technical Analysis
The EUR/USD pair fell during the session on Tuesday, as the bearishness from the late Monday trading continued. Exaggerating this was the fact that the Cypriot Parliament voted against the so-called “deposit tax” that the troika demanded...
AUD/USD Forecast March 20, 2013, Technical Analysis
The AUD/USD pair fell during the session on Tuesday as the 1.04 level offered far too much resistance. We had suggested previously that perhaps this level was going to be resistant, and that the 1.03 level could...