EU Summit Flop Sends Pound Down
The pound sacrificed most of the gains it made on Tuesday yesterday, as a lack of concrete action from the EU summit exacerbated concerns Greece might...
MCX Tips For Today 24 May 12
Gold June Futures, Buy - 29000, Stoploss - 28 900, Target – 29200.Silver July Futures, Buy - 53 800, Stoploss – 53400, Target – 54500.
US Housing Market Improves. Euro drops to 22 month low
US housing market contributes to economic growth for the first time in 7 years. The EURUSD brokesupport at 1.2620 falling to a 22 month low trading.
USD/JPY Forecast May 24, 2012, Technical Analysis
The USD/JPY pair fell during most of the Wednesday session as the risk appetite around the world fell off of a cliff. Also, the Bank of Japan failed to add to their easing at the meeting for the session, so buying the Yen was doable. The pair is
GBP/USD Forecast May 24, 2012, Technical Analysis
GBP/USD had a bearish session on Wednesday as the markets continue to worry about all things European. The risk appetite just wasn’t there for people to buy the cable, and as is so often the result, they simply sold. However, the market is coming
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Natural Gas Forecast May 24, 2012, Technical Analysis
The natural gas markets fell for much of the session on Wednesday, but managed a bounce by the end of the day to form a hammer. Because of this, it looks as if the market is going to try and continue higher to test the $2.80 level. However, we se
GBP/USD Fundamental Analysis May 24, 2012, Forecast
Analysis and Recommendations:The GBP/USD fell in today’s session as the GBP was barraged with negative eco data. The pair dropped to trade at 1.5712. Yesterday the IMF commented on the status of the UK economy and urged the BoE to consider dras
EUR/USD Fundamental Analysis May 24, 2012, Forecast
Analysis and Recommendations:The EUR/USD broke under the 1.26 price level today, to trade at 1.2592.
Cautiousness prevailed in the market ahead of the European Union Summit as investors were contemplating whether or not the EU leaders will
Euro stuck near 22-month low on Greek exit worry
Against a basket of major currencies, the dollar stood at 82.085 . That was close to a peak of 82.221 hit on Wednesday, the dollar's highest level since September 2010. The dollar held steady against the yen at 79.49 yen.
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Indian Stock Market expect to remain rangebound today......read more !!
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