Forex-Metal Daily Analysis -15/05/2012
The dollar rose on fears of aggravating the situation in Europe.
Category: Daily Forex Reports
EUR/USD Hits 4-Month Low
The euro continued to tumble throughout yesterday’s trading session as investors grew more concerned regarding the impact of a possible new Greek election next month. The EUR/USD fell close to 70 pips during European trading, reaching as...
EUR/USD Forecast May 15, 2012, Technical Analysis
The EUR/USD pair continued to fall on Monday as the traders in this pair sold the pair off without hesitations. The markets have seen the 1.29 level give way now, and this signals another round of weakness.
USD/JPY Forecast May 15, 2012, Technical Analysis
The USD/JPY pair struggled during the Monday session as the 80 handle continues to cause massive reactions in the pair. The level was the site of a large breakout back at the start of 2012, and the...
GBP/USD Forecast May 15, 2012, Technical Analysis
The GBP/USD pair rose on Monday as the Pound gained for much of the session. However, by the end of the daily session, the pair had given up most of its gains. The 1.6050 level had been...
AUD/USD Forecast May 15, 2012, Technical Analysis
The AUD/USD pair fell hard on the Monday session as the “risk off” trade came into vogue. The Americans have been buying up the risk assets after the Asians and Europeans sell them off, but the Monday...
USD/CAD Forecast May 15, 2012, Technical Analysis
The USD/CAD pair rose on Monday as the Dollar continues to strengthen everywhere at once. The risk off attitude continues to haunt this pair, and the fact that the oil markets have broken down a bit; we...
Forex-Metal Weekly Analysis
Market review for 7 – 11.05, 2012
Risk Aversion Continues to Weigh on Higher-Yielding Currencies
Following multiple failures by Greek politicians to form a new government, investors are now concerned about what impact a possible new election will have on Greece’s status in the euro-zone. The news weighed down on riskier currencies,...
EUR/USD Forecast May 14, 2012, Technical Analysis
The EUR/USD pair continues to be the absolute center of the Forex world on Friday as the problems in the European Union are front and center yet again. The Greek elections have really set a lot of...