Euro/USD Declined Again on Wednesday –Daily Recap May 23
The Euro/USD continued its downward trend and tumbled down during yesterday’s trading. The recent EU Summit didn’t help rally the Euro. Furthermore, the Aussie dollar and other currencies such as the GBP also depreciated against the USD. The safe
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
Have the Bears Taken the Euro Low Enough?
The European debt mess continues to evolve, and perhaps there is a lot more to the down side, but the trade is lined up very short. A bullish surprise might jolt the market.
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
EUR/GBP Fundamental Analysis May 24, 2012, Forecast
Analysis and Recommendations:The EUR/GBP declined to 0.8007 from the opening at 0.8048 as the euro continued to lose strength, even with negative eco data in the UK and the IMF forewarning, the euro could not hold against the sterling.
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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 ...


