USD/JPY Forecast June 21, 2013, Technical Analysis
The USD/JPY pair shot up during the session on Thursday, as the US dollar pummeled just about everything else. However, the 97.50 handle offered enough resistance to push the market back down.
Month: June 2013
USD/CAD Forecast June 21, 2013, Technical Analysis
The USD/CAD pair skyrocketed during the session on Thursday, slicing through the 1.03 level like it wasn’t even there. Because of this, we feel it is only a matter of time before we break out, and we...
GBP/USD Forecast and 21, 2013, Technical Analysis
The GBP/USD pair fell hard during most of the session on Thursday, but as you can see bounced enough to form a hammer right at the 1.55 handle by the end of the day. This is significant,...
EUR/USD Forecast June 21, 2013, Technical Analysis
The EUR/USD pair fell again during the session on Thursday, as risk assets in general sold off. That being the case, it appears that the Euro is on the back foot now, but we did see a...
AUD/USD Forecast June 21, 2013, Technical Analysis
The AUD/USD pair fell during the session on Thursday, as markets around the world sold off anything remotely related to risk. The 0.92 level did offer a bit of support though, and that’s presently where we find...
Global Markets Slide On Fed Laying Out Tapering Plans
Is this the end of the great 2013 rally?
USD/JPY Forecast June 20, 2013, Technical Analysis
After the FMOC meeting on Wednesday, you can see that the US dollar skyrocketed against the Japanese yen, bouncing off of the 95 handle. The fact that the Federal Reserve could be out of the quantitative easing...
USD/CAD Forecast June 20, 2013, Technical Analysis
The USD/CAD pair initially fell during the session on Wednesday, but after the FMOC meeting and minutes, you can see that the market shot straight back up.
GBP/USD Forecast June 20, 2013, Technical Analysis
The GBP/USD pair fell rather hard during the session on Wednesday as the FMOC announcement suggested that the Federal Reserve would begin to taper off of quantitative easing later this year, and be completely out of that...
EUR/USD Forecast June 20, 2013, Technical Analysis
The EUR/USD pair fell hard during the session on Wednesday, slamming into the 1.33 handle and breaking below it. However, we did get a little bit of a bounce towards the end of the session, and as...