Showing posts with label Target. Show all posts
Showing posts with label Target. Show all posts

Wednesday, October 10, 2012

Forex Daily Review: What is the Bearish Target for GBP/AUD Correction?

08 Oct 2012• Matti Williamson, FX and commodities analyst      Non-Farm Payrolls Strategy

My technical analysis for CAD/JPY for the Non-Farm Payrolls (NFP) triggered its bullish target as the previous figure was revised higher, smothering the market with positive sentiment that weakened the Japanese yen (JPY) and US dollar (USD) against a basket of currencies. National holidays in Japan, US and Canada are likely to ensure trading volume will be extremely thin, which could inject a hefty amount of volatility as the Eurogroup meeting is expected to take place in Brussels.

GBP/AUD Technical Analysis

I am giving additional focus to GBP/AUD daily chart as there is a great risk for a corrective weakness to the strong gains made on Friday's session:



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Forex Daily Review: GBP/AUD Skimmed the Target, EUR/USD is Observed

09 Oct 2012• Matti Williamson, FX and commodities analyst      EUR/CHF 'Mysterious' Gain

What may have left certain traders puzzled is EUR/CHF unexpected bullish spike, perhaps thought to be a minor FX intervention by the Swiss National Bank (SNB):



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