Forex-Metal Daily Analysis -18/05/2012
The Gold futures pulled back sharply in 2.41 % move to $ 1575 per ounce.
Category: Daily Forex Reports
EUR Avoids New 4-Month Low
While the euro remained bearish against its main currency rivals throughout yesterday’s trading session, it avoided falling to a new four-month low against the US dollar.
Euro Crisis Sculpted by the Currency Markets?
Is there anyone who does not know the Europeans have a severe debt crisis which has the potential to engulf the world in one more financial melt down?
USD/JPY Forecast May 18, 2012, Technical Analysis
The USD/JPY pair broke hard to the downside on Thursday as the market entered into the “safe haven” mode yet again. The issues in Europe have the markets nervous at best, and rumors during the session that...
USD/CAD Forecast May 18, 2012, Technical Analysis
USD/CAD shot straight up during the Thursday session as the “risk off” trade continued. The oil markets still look weak, but they are starting to stabilize just slightly. This pair hasn’t shown signs of slowing down, and...
GBP/USD Forecast May 18, 2012, Technical Analysis
The GBP/USD pair fell extremely hard during the Thursday session, and the 200 day exponential moving average has now given way to the bears. The pair looks like a sell only market at the moment, and is...
EUR/USD Forecast May 18, 2012, Technical Analysis
EUR/USD fell yet again on Thursday as the fears of traders continue to push this pair much lower. The reality is that there is a serious chance of Greece leaving the European Union now, and this has...
AUD/USD Forecast May 18, 2012, Technical Analysis
AUD/USD fell again for the Thursday session as the risk appetite continues to crumble. With the massive issues going on in Europe, there is little in the way of traders wanting to bet on the health of...
Forex-Metal Daily Analysis -17/05/2012
Technical analysis for 17/05
Higher Yielding Currencies Maintain Bearish Trend
Higher yielding currencies, namely the EUR and AUD, remained bearish during European trading yesterday, as fears that Greece will have to leave the euro-zone led to risk aversion in the marketplace.