Daily Forex Analysis by Finexo.com 26/05/2010
Upcoming Sessions (all times GMT)• USD Durable Goods Orders (12:30)• USD New Homes Sales (14:00)
Category: Daily Forex Reports
Shares and EUR Decline as Debt Concerns Hit Markets
U.S. stocks and EUR pared deep losses to end mostly flat on Tuesday as investors had second thoughts that a festering Euro-Zone banking crisis will spread worldwide and strangle a reviving economy.
Major Currencies’ Morning Report 26/5/2010
EURUSD The main support maintained its stance in front of the pair’s attempts to push upwards to retest the previously broken neckline that has turned into resistance, where it currently ascended towards 1.2390. Stochasticis attempting to show negative signs that...
EUR/USD 1.2310 – 26 May 2010
EUR/USD Open 1.2346 High 1.2413 Low 1.2182 Close 1.2344After reaching a new low levels, the Euro corrected insignificantly on Tuesday. Euro/Dollar depreciated from 1.2350 to 1.2182 yesterday, than bounced up to 1.2386 in line with the Interbank...
Daily Market Outlook by Acetrader
Market Review – 25/05/2010 21:38 GMTEuro rebounds strongly on short-covering due to recovery in U.S. stocksThe euro rebounded strongly on short-covering in NY session as U.S. stocks trimmed most of their losses. Earlier, the takeover of a...
Major Currencies’ Midday Report 25/5/2010
EURUSD The pair activated the morning bearish move expectation and built a base on 1.2305, while it’s currently attacking the main support at 1.2180. Momentum indicators are adding strength to this level, but the previously breached bearish...
Forexpros.com Daily Analysis – 25/05/2010
ForexPros Daily Analysis May 25, 2010 Fundamental Analysis: New Home Sales Traders of the US anticipate the publication of the New Home Sales. It measures the annualized number of new residential buildings that were sold during the...
Fractal analysis and trading recommendations for EUR/USD
Dear Traders, As for the EUR/USD, we are continuing to observe a rising since May 19 structure, although the price at the moment is close to the level of its abort. Forecast for May 25:
JPY – Flight To Quality = Stronger Yen
As Asian bourses continued to reflect the unimpressive results in other international equity markets, the JPY was bolstered by risk adverse traders. The Yen now finds itself touching the strongest parts of its range versus the USD...
GBP – Revised GDP Could Bring Impetus
The Sterling continues to languish against the USD. There were no major economic reports on Monday and the GBP essentially mirrored the declines of the EUR. Today the Revised GDP figures will be released from the U.K....