AUD/USD Forecast May 24, 2012, Technical Analysis
The AUD/USD pair fell hard for most of the session as the “risk off” trade was the main theme for the day. However, in the late hours the Americans decided to take the words of the French and Italians as a sign that Eurobonds are coming. This is
AUD/USD Fundamental Analysis May 24, 2012 Forecast
Analysis and Recommendation: (close of Asian session)The AUD/USD continues to fall, trading at 0.9771 as Asian markets close for the day.
The risk aversion mode of the markets continues to push the USD to dominate all of its trading partne
Australian Stock Market Report Midday 5/24/2012
Metal prices on the London Metals Exchange (LME) fell dramatically with copper touching a new 4 month low, but today our leading miners are higher in early trade. Big name miners; Rio Tinto Limited's (RIO) added 0.09% to $56.33 as BHP Billiton Limited ...
AUD/USD finds ground at fresh 2012 lows below 0.9700
Gold had a round trip move 30 bucks lower to $1533, just to sit at the same place it started before the fall, last at $1562. Same with gold happened to US equities, SP500 visiting near Friday lows, like 7 points above, but bouncing strong right ...
Free Guide to Trading Forex during Volatile Times
SYDNEY, May 23, 2012 /PRNewswire via COMTEX/ -- The recent falls in commodity currencies, including the Australian dollar, show how volatility in global markets could present trading opportunities for forex traders. For example, the Aussie dollar (AUD) ...
The Dollar Oil Price Threat Will Hurry Gold's Role in the System
That 'vital interest' is not simply involving an attempt to prevent Iran from developing nuclear arms (remember the threat from Iraq's Weapons of Mass Destruction) but include the use of the USD as the sole currency in which oil is traded and priced.
AUD/USD Enters a Support Area Between 0.9660 and 0.97
The AUD/USD slid to the next area of support after falling below 0.98 in the 5/22 session. It dipped below 0.97 but retreated a bit as the 5/23 trading session comes to a close. This 0.9660-0.97 area provided support in March and November of 201
Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD
Stocks and commodities are both beginning the day deep in the red on renewed concerns that the ongoing debt crisis in Europe could weigh on the broader global economy. Overnight, the World Bank released a rather morose assessment of the Chinese economy ...
Euro Drops to Fresh 2012 Lows; Fear and Panic Dominate Trade
The Euro is also oversold and yet, given the fundamental outlook above, things could still get much uglier. Normally, we might recommend looking to fade the risk off trade, but given just how scary markets are right now, the best place is probably on ...
Yen, Dollar Advance On Greek Exit Worries
The size of the asset purchase and credit facility was also left unchanged at JPY 40 trillion and JPY 30 trillion respectively. According to the Ministry of Finance, Japan saw a merchandise trade deficit of 520.27 billion yen in April - missing ...
Australian And New Zealand Dollars Plunge On Renewed Greek Worries
The Australian dollar slipped to 2-day lows of 77.87 against the yen and 1.2990 against the euro, compared to yesterday's close of 78.43 and 1.2941, respectively. If the aussie weakens further, it may likely target 77.6 against the yen and 1.304 ...
Australian Stock Market Report Midday 5/23/2012
Metal prices held up ok on the London Metals Exchange (LME) but US based gold and oil prices continued to fall overnight. In Asian trade the US oil prices fell to US$91.45 a barrel off 1.21% and gold now at $1558 an ounce. Big name miners; Rio Tinto ...


