Forex-Metal Daily Analysis -25/05/2012
The UK’s GDP decreased in the 1st quarter of 2012.
Category: Daily Forex Reports
USD/JPY Forecast May 25, 2012, Technical Analysis
The USD/JPY pair had a slightly bullish session on Thursday as we had suspected consolidation to be the next move. So far, this is coming true. However, we still feel that the real risks could be to...
USD/CAD Forecast May 25, 2012, Technical Analysis
The USD/CAD pair rose during the session, but ended up almost unchanged by the end of Thursday. The pair is being moved around by the oil markets, and those commodity markets found a little bit of a...
GBP/USD Forecast May 25, 2012, Technical Analysis
The GBP/USD pair has fallen again during the Thursday session to test the support level at the 1.5650 level. The level was our “line in the sand” for the bulls, and the fact that we have touched...
German Data Leads to Additional Euro Losses
Disappointing German data sent the euro to fresh lows against the USD during European trading yesterday. In a sign that even the euro-zone’s biggest economy was not immune from the region’s debt crisis, the German Flash Manufacturing...
EUR/USD Forecast May 25, 2012, Technical Analysis
The EUR/USD pair attempted to rally on Thursday but failed miserably. The 1.25 level brought out the buyers, but they simply weren’t enough to stop the move lower. At the end of the session, we had a...
AUD/USD Forecast May 25, 2012, Technical Analysis
The AUD/USD pair rose during the session on Thursday, but failed to make a strong statement. The resulting candle for the session is a shooting star at the bottom of this fall, and this is one of...
Forex-Metal Daily Analysis -24/05/2012
The Retail Sales in the UK were significantly worse than expected in April.
EUR/USD Falls to 21-Month Low
The EUR/USD fell as low as 1.2614 yesterday, a 21-month low, after investors grew increasingly concerned regarding Greece’s fate in the euro-zone and shifted their funds to safe-haven assets.
EUR/USD Forecast May 24, 2012, Technical Analysis
The EUR/USD pair had a rough session on Wednesday as the markets continue to punish the Europeans for dawdling when it comes to figuring out the financial health and soundness of the region.