Forex-Metal Daily Analysis -27/06/2012
The negative results of the auctions on Italy’s and Spanish bonds pressured the Euro currency. Asian and European trading sessions:
Month: June 2012
EUR/USD Forecast June 27, 2012, Technical Analysis
EUR/USD fell during a large portion of the session on Tuesday, only to bounce back. This isn’t a big surprise, as the Euro seems to have the ability to bounce no matter what. However, the market seems...
USD/JPY Forecast June 27, 2012, Technical Analysis
The USD/JPY pair originally fell during the session on Tuesday, only to bounce back during the US session. The market ended up forming a hammer and the dose it just above the 79.50 level that has caused...
GBP/USD Forecast June 27, 2012, Technical Analysis
The GBP/USD pair found itself gaining during the session as the Pound showed strength around the board. The cable pair typically will move with risk appetite, but it may be gaining simply because it is the strongest...
High Spanish Borrowing Costs Lead to Further EUR Losses
The euro fell once again vs. its main currency rivals yesterday, as a sharp increase in Spanish borrowing costs combined with expectations that the upcoming EU summit will do little to combat the euro-zone debt crisis, weighed...
AUD/USD Forecast June 27, 2012, Technical Analysis
The AUD/USD pair gained during most of the session on Tuesday as the parity level held as support. Yesterday we mentioned that this area could produce some type of reaction, and a quite obviously has.
USD/CAD Forecast June 27, 2012, Technical Analysis
The USD/CAD pair had a bearish session on Tuesday as the bottom of the shooting star was triggered, signaling selling in this market. However, the 1.02 level looks supportive and we believe that this market will more...
Another Week Another Euro Summit
You would think after twenty or so major and mini summits over the period since the Greek saga commenced, the European leaders would have enough experience to have successful productive summits.
Forex-Metal Daily Analysis -26/06/2012
The market participants expect the negative outcome of the upcoming EU
Speculators Liquidate Long USD Positions
The latest week was marked by liquidation of futures as the June contract expired. The total reduction in the futures and delta-adjusted option positions was almost 350K contracts.