Silver Fundamental Analysis May 23, 2012, Forecast
Analysis and Recommendations:Silver was trading for 28.553. Taking cues from fall in gold prices and downside in base metals, Spot silver prices declined more than 1 percent. Additionally, strength in the DX also exerted downside pressure on pr
GBP/USD Fundamental Analysis May 23, 2012, Forecast
Analysis and Recommendations:The GBP/USD declined to 1.5774. The continued strength of the USD is difficult for any of its partners to maintain any power. Although recently markets have become concerned with the overall health of the UK economy
USD/JPY Fundamental Analysis May 23, 2012, Forecast
Analysis and Recommendation: (close of Asian session)The USD/JPY is trading at 79.45 at the close of the Asian session. Markets are not sure what to expect as Bank of Japan policymakers prepare to meet on Wednesday. Although the BoJ has promi
AUD/USD Fundamental Analysis May 23, 2012 Forecast
Analysis and Recommendation: (close of Asian session)The AUD/USD continues to struggle, trading today at 0.9925. The Aussie is higher as hopes grow that Greece will stay in the eurozone and after G8 leaders pushed for a pro-growth strategy to
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USD-JPY Trade idea for May 23 2012
The dollar sagged against the yen after the Bank of Japan kept its monetary policy unchanged
Dow Jones prediction May 23 2012
U.S. stocks closed mostly flat on Tuesday after volatilility late in the session, with weakness in materials and energy shares offsetting strength in financials.
US Existing Homes Sales Advance, EUR/USD Sinks
EUR/USD was trading sideways till 11:30 GMT and than sharply fell. The decline continues as of now.
EUR/USD Technical Outlook – May 22nd
The single currency failed to overtake the pivotal 1.2800 figure, which is being reinforced by the 200 hourly EMA. The barrier is likely to cause further suppression of Euro gains, against the US dollar in the near term. The notion is increasin
Daily Technical Strategist: EURGBP
EURGBP- With the cross continuing to hold on to its upside recovery, there is risk of further correction higher.
Fitch Cuts Japan Sovereign Credit Rating
In a not so surprising move, Fitch Ratings Agency announced a reduction in Japan’s sovereign credit rating today. Behind the decision to cut the world’s third largest economy’s credit rating was a ballooning public debt load and the recent inabi
USD/JPY – Buy the Rumor, Sell the News?
USD/JPY pushed above the 79.40 resistance and is now approaching the 80.00 handle in the 5/22 US trading session. The 80-80.20 area contain a declining trendline, and the 23.6% retracement level of the 84.16-78.97 swing. The market is rallying ah


