Another Week Another Euro Summit
You would think after twenty or so major and mini summits over the period since the Greek saga commenced, the European leaders would have enough experience to have successful productive summits.
Category: Daily Forex Reports
Forex-Metal Daily Analysis -26/06/2012
The market participants expect the negative outcome of the upcoming EU
Speculators Liquidate Long USD Positions
The latest week was marked by liquidation of futures as the June contract expired. The total reduction in the futures and delta-adjusted option positions was almost 350K contracts.
EUR Falls Ahead of EU Summit
The euro started the week off by extending its recent bearish trend, as investors remain doubtful that any meaningful strategy for combating the euro-zone debt crisis will be unveiled during an EU summit later in the week.
EUR/USD Forecast June 26, 2012, Technical Analysis
The EUR/USD pair fell for much of the session on Monday, but managed to find support at the 1.25 level. This caused the pair to print a hammer for the session, and this suggests that we are...
USD/JPY Forecast June 26, 2012, Technical Analysis
The USD/JPY pair fell hard on Monday as the risk appetite around the world fell overall. The Yen gained against many of the major currencies around the world as traders stepped back their “risky bets.” The 80...
GBP/USD Forecast June 26, 2012, Technical Analysis
The GBP/USD pair fell slightly during the Monday session as the stock markets around the world fell. The pair is highly risk-sensitive, and as a result it makes sense that the pair would lag on a day...
AUD/USD Forecast June 26, 2012, Technical Analysis
The AUD/USD pair fell for much of the session on Monday as the markets around the world backed away from the idea of taking risk. The pair managed to find support at the parity level though, and...
USD/CAD Forecast June 26, 2012, Technical Analysis
The USD/CAD pair rose during the session on Monday as the risk appetite around the world fell. The top of the recent consolidation level was broken, but the pair did pull back some in the end.
EU Summit May Generate Euro Volatility This Week
The euro was able to close out last week’s session with moderate gains against several of its main currency rivals following an ECB decision to ease rules for funding struggling banks in the euro-zone.