|Mar 12 09:55 GMT|
Fundamental Analysis Reports
Daily FX Analysis
Mar 12 08:39 GMT, by
The Euro had a slightly defensive tone during the European session on Tuesday. Selling was compounded by comments from ECB member Constancio who stated that the markets had mis-interpreted the ECB's ...
Gold Climbed Up To Its Highest Level Since September
Mar 12 08:38 GMT, by
The euro (EUR) range bound between the levels of 1.3833 and 1.3897 against the US dollar (USD). The single currency consolidates around 1.3855 awaiting for more news to come out. On the calendar, the...
Chinese Fears Favor The Yen, Aussie Sold-Off
Mar 12 08:26 GMT, by
The Asian stocks traded in red after the second solar company default in China. Traders fear that more defaults may be coming. PBOC Governor Zhou stated that the current fluctuations are “reasonable”...
No Clear Trend In Major Currency Cross Rates
Mar 12 08:23 GMT, by
Yesterday, the dollar started reasonably good, but a setback in sentiment on risk capped the topside in USD/JPY. EUR/USD dropped temporary below the post-payrolls low, but there were no follow-throug...
Euro To Push Higher By The End Of This Week?
Mar 12 07:26 GMT, by
While the single currency shifted further away from it recent highs against the U.S. Dollar on Tuesday, the pair can receive another bullish impetus later this week. European finance ministers are pu...
White House Promise Faster Growth
Mar 12 07:25 GMT, by
On Monday banking analytic Dick Bove claimed the world's largest economy will fall into recession, as the rate of money flow and inflation will become a massive drag. He expects a 7% rate in the 10-y...
Technical Analysis Reports
Mar 12 09:06 GMT, by
Due to a test of the monthly R1 the Euro is currently declining. The closest support to try and stop the sell-off is the weekly PP at 1.3833, but the exchange rate may fall down to 1.3800/1.3751 befo...
GBP/USD Held By Monthly PP
Mar 12 09:00 GMT, by
The monthly pivot point near 1.66 turned out to be sufficient to prevent further decrease of Sterling's price. If this support remains intact, GBP/USD will have a good chance to recover up to the ris...
USD/JPY Undergoes Correction
Mar 12 08:59 GMT, by
Yet another attempt of USD/JPY to cross the resistance at 103.49/34 failed and it returned back to the support at 102.93/71. Here the currency pair is underpinned by the monthly R1 and SMAs for 55 an...
USD/CHF Stands Still
Mar 12 08:57 GMT, by
A surge seen yesterday in the morning proved to be short-lived, as the weekly PP at 0.8810 did not let USD/CHF to rally any further. The buck is now likely to target the support at 0.8744/24, after w...
Today's Market Outlook
Mar 12 08:47 GMT, by
Lack of action again for the euro as we see another day of trading within a narrow 40 pip range. Previous Resistance and support levels still hold as they were not even tested during the last two ses...
Weak UK Data Keeps Cable Vulnerable
Mar 12 08:28 GMT, by
On Tuesday Pound/Dollar decreased insignificantly with almost 60 pips. The Cable depreciated from 1.6654 to 1.6595 yesterday, in line with the negative money flow sentiment at below -15%, closing the...
Analysis Report Search
Long Term Forecasts
AUD/USD - 2013 In Review
Jan 02 02:25 GMT, by
The Australian dollar is known for its strong volatility, and taking traders on roller coaster ride...
USD/CAD - 2013 In Review
Jan 02 02:23 GMT, by
The Canadian dollar looked sharp as we began 2013, but struggled badly late in the year, as the cur...
USD/JPY - 2013 In Review
Dec 26 02:31 GMT, by
The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp ...
GBP/USD - 2013 In Review
Dec 26 02:30 GMT, by
The Bank of England revised its growth forecast for 2013 to 1.6%, up from 1.4% in a previous foreca...
EUR/USD - 2013 in Review
Dec 25 13:46 GMT, by
The ECB is expecting better news in 2014, with the Eurozone economy expected to post growth of 1%. ...
|ActionForex.com © 2014 All rights reserved.|