Daily Forex Fundamentals - May 16, 2012
Thanks to risk aversion, the safe havens turned out to be the stars of yesterday's trading session. Will we see the same today?
Yen Falls as Traders Anticipates Intervention from BoJ
The Japanese yen fell against other major currencies today on speculation that the Bank of Japan will continue its efforts to weaken the currency. Even fears of the European debt crisis were not been able to help Japan’s currency.
Could Advertising Risks Threaten Facebook’s Success?
The countdown for Facebook’s IPO launch on the NASDAQ continues (T-minus 2 days and 3 hours, give or take a few minutes) and spoilsports are already practicing their “I-told-you-so” speech, ready to whip it out at the first sign that the social m
Greece Avoids One Bond Default but at What Cost?
With a new caretaker government ready to be installed there, it was not exactly business as usual in Greece; in a move that will likely infuriate sovereign bondholders, who agreed to take major haircuts on Greek debt, the Greek government (in its
Germany and France Show United Front even as Greek Rift Grow
Francois Hollande, the newly-inaugurated president of France, met with German Chancellor Angela Merkel yesterday for their first face-to-face encounter as elected heads of state. While austerity and growth issues are likely to eventually drive a
Gold & Silver – Daily Outlook May 16
Gold and silver prices continued their downward trend during yesterday’s trading despite the slightly positive news of the higher than expected growth rate of Germany’s GDP in the Q1 2012 (a growth rate of 0.5%); the news of the new elections in
Gold Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:Gold is trading at 1557.35 drifting lower below to fall as low $1550 an ounce, as the Euro sinks sharply against the US dollar. Ongoing political chaos in Greece raised concerns that the crisis will spill over to
Silver Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:Silver continued to track gold and the metals group falling to trade at 28.110. Base metals in LME were moving mostly steady to negative. Concerns over slowing growth in China and political uncertainty in Greece dra
Natural Gas Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:Natural Gas continues to surprise the markets trading up today at 2.464 adding 0.033. Markets seem to believe that many producers are closing down or lowering production. This is more like manipulation to drive up
Crude Oil Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:Crude Oil is trading at 94.53 down 0.25 in today’s session. U.S. crude prices dropped towards $94 a barrel on Tuesday, pressured by concerns that Europe would slip into a worse-than-expected recession. NYMEX crude
EUR/USD Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:The EUR/USD continued to fall today, dropping below the 1.27 price and remaining in that territory. The pair closed the European session at 1.2767. The pair will most likely remain depressed until we see some outc
Europe GDP...and politics
Political uncertainty in Greece seems likely to keep markets unsettled for a while longer. Efforts to form a Government following the inconclusive elections of May 6 have failed. The country now appears headed for a second election on June 10t


