Forex-Metal Daily Analysis -30/05/2012
The Greek banks received a total of 18 billion Euros as the second program of assistance to Greece from the EU and the IMF.
Category: Daily Forex Reports
EUR/USD Forecast May 30, 2012, Technical Analysis
The EUR/USD pair managed to break down below the 1.25 level on Tuesday, but bounced back in US trading as the Americans have yet again come to the rescue of the Euro.
USD/JPY Forecast May 30, 2012, Technical Analysis
The USD/JPY pair had a slightly bearish session on Tuesday as the market continues to grind sideways. This pair is going to be heavily influenced by the Friday Non-Farms Payroll report, so consolidation is probably going to...
GBP/USD Forecast May 30, 2012, Technical Analysis
GBP/USD fell for the session on Tuesday as the bears continue to pound away at the Pound. The 1.5650 to 1.56 level was violated, but held up at the end of the day. The area didn’t really...
AUD/USD Forecast May 30, 2012, Technical Analysis
The AUD/USD pair had a slightly positive day on Tuesday, but not without the bears trying to send the pair back down. Still, at the end of the session the candle wasn’t all that impressive.
USD/CAD Forecast May 30, 2012, Technical Analysis
The USD/CAD pair fell on Tuesday in order to form a bearish engulfing candle for the session. Although this could be a sell signal, we cannot help but notice how far this market had come up to...
Spain Concerns Cause Additional Euro Losses
After reaching as high as 1.2573 against the US dollar in early morning trading yesterday, the euro once again turned bearish as investor concerns regarding the health of Spanish banks weighed down on the common currency.
Forex-Metal Daily Analysis -29/05/2012
Technical analysis for 29/05
Euro Reverses Gains During Light Trading Day
After a Greek poll over the weekend indicated that pro-austerity political parties are gaining popularity ahead of next month’s elections, the euro turned bullish against several of its main currency rivals to start off the week.
EUR/USD Forecast May 29, 2012, Technical Analysis
The EUR/USD pair had a nice gap to open up the week on Monday, but by the end of the session most of it had been reclaimed. The rumors that the Europeans were putting together some kind...