ForexLive European Morning Wrap: Mild Risk On Backdrop
European stocks, gold, oil, US treasury yields all marginally firmer, reflecting a mild risk on backdrop.EUR/USD up at 1.2585 from early 1.2530, having reached the dizzy heights of 1.2603 at one stage. The release of slightly better than expe
Daily Technical Strategist: GBPJPY
GBPJPY – Having continued to hold on to its broader downside GBPJPY looks to target the 124.63 level.
Negative Q1 GDP Growth in UK Weighs on GBP; FTSE 100 Hovers
High yielding currencies were lower during the last few sessions, propelled in part by disappointing growth figures out of the UK. First quarter GDP numbers in the UK were lower than market expectations (largely on weakness seen in the constructi
GBP/USD Fundamental Analysis May 25, 2012, Forecast
The GBP/USD traded in a fairly tight range today, closing at 1.5696. Remembering that the GBP was in striking range of the 1.63 price level just a fortnight ago. The UK continues to see negative eco data, and a weak housing market.
EUR/CHF Fundamental Analysis May 25, 2012, Forecast
The EUR/CHF strengthened today in an unexpected move, as the pair is now trading at 1.2038. Late in trading the pair soared to hit a high of 1.2068 and then declined to trade at 1.2038
Gold Fundamental Analysis May 25, 2012, Forecast
Gold climbed today adding over 20.00 to reach 1569.15.Overall market sentiments continue to reel under pressure from the lingering euro zone financial crisis and, weak economic indicators from Euro Zone and China added additional pressure ove
USD/JPY Fundamental Analysis May 25, 2012, Forecast
The USD/JPY is trading at the end of the Asian session at 79.48As risk aversion remains the call of the markets, investors are ignoring fundamentals and continue to move to safe havens, shedding anything associated with the EU. After the coll
Silver Forecast May 25, 2012, Technical Analysis
The silver markets bounced just slightly on Thursday in an underwhelming effort to recoup some of the recent losses. The action lately has been very poor and this market looks broken. The $27 level is by far the most obvious support level, and a
Crude Oil Prices May 25, 2012, Technical
The Light Sweet Crude markets had a fairly flat session on Thursday as the market took a breather. However, the fact that it is just sitting at this low level suggests that the buyers simply aren’t stepping into the markets, which should be disco
Gold Prices Forecast May 25, 2012, Technical Analysis
The gold markets attempted a rally on the session for Thursday, but as the Dollar gained in later hours, the gold markets wilted. The failure of a rally and the subsequent shooting star that formed for the Thursday session just proves how weak th
EU Recession Threat Boosts USD
The USD has edged up against the euro, as economic data reveals Europe to be plunging into deep recession.
USD/CAD Forecast May 25, 2012, Technical Analysis
The USD/CAD pair rose during the session, but ended up almost unchanged by the end of Thursday. The pair is being moved around by the oil markets, and those commodity markets found a little bit of a bid during the day, and this gave the Canadian


