Euro Feels the Heat of Summer
Markets are continuing to assimilate the consequences of the recent European elections, and the wall of worry confronting investors has not diminished.
Category: Daily Forex Reports
EUR/USD Continues to Tumble
The euro continued to tumble vs. its main currency rivals yesterday, as traders remained cautious about investing in riskier assets due to political uncertainty in the euro-zone. The EUR/USD fell to a fresh three-month low during the...
EUR/USD Forecast May 10, 2012, Technical Analysis
The EUR/USD pair continues to be the center of the financial world as the Wednesday session showed. The fall during the day was sudden, and the problems in the area continue to worry the trading world.
10 May 2012, Daily forex report – GFM Research Private Limited
The US Dollar has traded mixed bag wherein it has strengthened against the Common Currency and the Aussie while trading flat against the Cable and the Japanese Yen. The Dollar Index is trading range bound between 80.65...
USD/JPY Forecast May 10, 2012, Technical Analysis
The USD/JPY pair has been one of the most interesting pairs in the currency markets lately, and the Wednesday session proved to be more of the same.
GBP/USD Forecast May 10, 2012, Technical Analysis
The GBP/USD pair fell for most of the session on Wednesday in order to retest the 1.6050 level for support. In the end, it go it as the pair bounced hard from that point. The resulting candle...
AUD/USD Forecast May 10, 2012, Technical Analysis
The AUD/USD pair fell for most of the day on Wednesday, as the world strayed away from the risk trade. The pair even managed to get with 14 pips of parity before the bounce at the end...
USD/CAD Forecast May 10, 2012, Technical Analysis
The USD/CAD pair shot straight through the parity level for most of the session on Wednesday as the fear trade came back into play. The level has held in a sense though, as the daily candle produced...
Slow News Day May Lead to Further Euro Losses
The euro remained relatively unchanged vs. its main rivals throughout the European session yesterday, as political uncertainty in the euro-zone kept the currency near its recent lows. After dropping as low as 1.3000 during early morning trading,...
EUR/USD Forecast May 9, 2012, Technical Analysis
The EUR/USD pair has been very stubborn recently, and the Tuesday session proved to be more of the same. The 1.30 level is a well-known support area, as every time the markets have approached it, the bulls...