ForexLive: GBP/USD Looks To Extend Higher
The GBPUSD has been trading predominantly between the 1.5673 and 1.5700 level. The price is looking to extend the upside with the next targets at 1.57167 and 1.57415 (38.2 and 50% retracements). The 1.57415 was a floor area from earlier in the w
EUR/USD Shows Signs of Consolidation; Needs to Break 1.26
The EUR/USD made a fresh low during the European session after manufacturing data out of the eurozone showed a sharper contraction in May than forecast. As we gear up for the US session, it remains above 1.25, and is developing a bullish divergen
Markets Assess the Possibility of a Greek Exit from the EMU;
This month’s selling pressure in the Euro reared its head once again after news headlines cited various sources saying that preparations are being made to allow Greece to exit the European Monetary Union. Some of these news outlets were citing th
EUR/USD Forecast May 24, 2012, Technical Analysis
The EUR/USD pair had a rough session on Wednesday as the markets continue to punish the Europeans for dawdling when it comes to figuring out the financial health and soundness of the region. Several countries are essentially bankrupt, and the dan
EUR/GBP Forecast May 24, 2012, Technical Analysis
The EUR/GBP pair fell during the session on Wednesday in order to touch the 0.80 level again. The pair then bounced a bit, essentially to form a doji for the day. The pair likes to grind sideways, and it looks as if we could be getting ready to d
EUR/CHF Forecast May 24, 2012, Technical Analysis
The EUR/CHF pair continued to sit still during the Wednesday session as the floor put in the pair by the Swiss National Bank at the 1.20 level continues to hold. This market is a buy only one because of this, and as a result it is basically dead
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
USD/CAD Forecast May 24, 2012, Technical Analysis
The USD/CAD pair rose for much of the session as the “risk off” attitude continues to plague the markets in general. Adding to the bullish pressure is the fact that the oil markets fell, and this in turn hurt the Loonie. The end of the day saw a
NZD/USD Forecast May 24, 2012, Technical Analysis
The NZD/USD pair fell through the vital 0.75 level on Wednesday to really increase the selling pressure in this market. The pair bounced at the end of the session though, to form a hammer at this all-important level. The fact that it did this sug
Silver Forecast May 24, 2012, Technical Analysis
The silver markets fell for much of the Wednesday session as the Dollar continued to climb for the day. However, the later hours of US trading suddenly felt bullish of risk appetite, and as a result the silver market recovered a bit to form a ham
Crude Oil Prices May 24, 2012, Technical
The Light Sweet Crude markets had another bearish session for the Wednesday market, but found support at the important psychological number of $90. The area providing support wasn’t really much of a surprise, as it is a large “round number”. The
MCX Copper Update, MCX Crude Oil Update, MCX Gold Silver Ti
Today all base metals are green mode. Copper is showing sell position but copper above 445 than buy with stop loss 415. Copper is showing sell signal for short term.Resistance 429-430-432
Support -422.


