The EUR/USD pair went back and forth during the course of the session on Friday, but as you can see still doesn’t really want to go anywhere in general.
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Get the weekly Forex forecast for some of the major currency pairs for the week of July 13, 2014 here.
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The XAU/USD pair (Gold vs. the American dollar) scored a gain of 0.74% on Thursday as the unfolding problems in Portugal reignited concerns over the European banking sector.
The CAD/JPY pair initially fell during the course of the session on Thursday, but found the 95 level to be supportive enough to turn things back around and form a massive hammer.
The gold markets rose higher during the session on Thursday, piercing the $1335 level.
The WTI Crude Oil market initially fell during the session on Thursday, breaking below the $102.00 level initially.
The NZD/USD pair initially tried to fall during the session on Thursday, but as you can see the 0.88 level has in fact offered enough support to turn things back into a positive spin, forming a nice-looking hammer.
The EUR/USD pair fell during the session on Thursday, testing the 1.36 handle yet again.
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Get the EUR/USD Forex signal for July 10, 2014 here.
The WTI Crude Oil markets fell hard during the session on Wednesday, crashing through the $103 level. The market is well supported just below the $102.00 level though, so there is the possibility that buyers will step in and start buying in this general vicinity.
The EUR/USD pair initially fell during the session on Wednesday, but found the area below the 1.36 level to be supportive enough to push the market back off. On top of that, the Federal Reserve came out with a statement that seem to be a bit ambiguous, so the market really doesn’t know what to think.
The EUR/GBP pair rallied during the session on Wednesday, but as you can see failed to keep most of the gains, pulling back to form a shooting star.