Greek Elections Lead to Significant Euro Losses
The results of Greek parliamentary elections held over the weekend kept the euro low against virtually all of its main rivals throughout yesterday’s trading session.
Category: Daily Forex Reports
EUR/USD Forecast May 8, 2012, Technical Analysis
The EUR/USD pair gapped down massively on the open Monday. The elections in Europe shocked the markets as the voters in three countries went decidedly anti-austerity. In fact, Greek even went so far as to elect neo-Nazis...
USD/JPY Forecast May 8, 2012, Technical Analysis
The USD/JPY pair fell initially during the session on Monday, only to bounce again and close out the session just below the 80 handle. It is one of the most interesting areas in the Forex markets at...
GBP/USD Forecast May 8, 2012, Technical Analysis
The GBP/USD pair rose after originally falling in the Monday session. The pair reacted negatively at first to the European elections that were had over the weekend in Greece, France, and Germany.
AUD/USD Forecast May 8, 0212, Technical Analysis
The AUD/USD pair gapped down at the open for the Monday session like all “risk related” pairs, but the markets turned back around in the end as the gaps were all filled. The Aussie gave back some...
USD/CAD Forecast May 8, 2012, Technical Analysis
The USD/CAD pair fell fairly hard on the session for Monday, even as oil dropped. The market had originally gapped slightly and rose, but the overall attitude came back into play as the pair approached the parity...
French, Greek Elections Set to Impact Euro
A disappointing US jobs report resulted in the safe-haven US dollar sliding against the Japanese yen while rallying against riskier currencies like the AUD and EUR to close out last week’s trading session.
EUR/USD Forecast May 7, 2012, Technical Analysis
The EUR/USD fell hard for the session on Friday as the markets reacted to the bad jobs number out of the United States. There are elections in France and Greece over the next few days, and as...
USD/JPY Forecast May 7, 2012, Technical Analysis
The USD/JPY pair fell on Friday as the US jobs data come in poor. The 115,000 jobs added certainly didn’t impress, and as a result we saw most financial markets sell off in reaction.
GBP/USD Forecast May 7, 2012, Technical Analysis
The GBP/USD pair fell on Friday as the jobs number out of America got the market in a risk off mode. The pair is broken out to the upside of a massive consolidation range though, and we...