ForexLive: European Morning Wrap
EUR/USD up marginally at 1.2850 from early 1.2830, having been up to the dizzy heights of 1.2870 at one stage. Talk of buy orders clustered 1.2800/10 ahead of 1.2800 barrier interest. More barrier interest noted at 1.2775 and 1.2750. Topside,
EUR/CHF Fundamental Analysis May 15, 2012, Forecast
Analysis and Recommendations:The EUR/CHF continues to struggle, trading at 1.2008 as the pair edge closer and closer to the SNB line in the sand drawn at 1.20. The euro continues to grow weaker, as political problems in Greece fester and the en
USD/CAD Fundamental Analysis May 15, 2012, Forecast
Analysis and Recommendations:The USD/CAD is trading at 1.0030 as the USD continues to garner strength against its northern neighbor. The Looney has tumbled drastically over the past weeks on weak eco data and then lately on the effects that gol
EUR/GBP Fundamental Analysis May 15, 2012, Forecast
Analysis and Recommendations:The EUR/GBP declined to 0.7973 as the euro continues to weaken. The euro fell against all of its trading partners today. External factors continued to dominate this pair. There was still evidence of defensive deman
Natural Gas Fundamental Analysis May 15, 2012, Forecast
Analysis and Recommendations:Natural Gas futures advanced to a fresh 2-month high on Friday, driven by expectations that demand in the beaten-down market is recovering. Prices are up 32% from 10-1/2 year low. The number of rigs actively exp
Silver Fundamental Analysis May 15, 2012, Forecast
Analysis and Recommendations:Silver future prices turned lower to trade at 28.318 despite the positive sentiment of Chinese monetary easing walloped by the European woes. Asian equities therefore are trading at a weak note and would have mount
USD/JPY Fundamental Analysis May 15, 2012, Forecast
Analysis and Recommendation: (close of Asian session)The USD/JPY is trading at 80.01 as the USD won in the risk aversion battle in this morning’s Asian session.
The eurozone is the central focus of the global markets as it the country is sti
Greek Re-Election Threat Boosts Pound
The pound has gained across the board overnight, as speculation Greece will need a second general election to form a government (which would benefit a...
RBA Notes Weaker Growth In Rate Decision
In not so unexpected fashion, the Australian dollar came under pressure following the release of the Reserve Bank of Australia rate cut decision. RBA central bankers noted a continually slower pace of growth in the Pacific economy as consumer cr
Commodities Fall on Greece, Gold Erases Year’s Gains
Commodities continue to be beaten by the crisis in Europe. Oil extended its decline and gold erased this year’s gains as the dollar strengthened on the European problems. Crude oil has its own bearish story.
India’s Inflation Returns, Damages Rupee Future
Consumer price inflation in India is causing a headache for Reserve Bank of India Governor Duvvuri Subbarao. According to the latest Ministry of Commerce and Industry report, inflation crept back up, rising by 7.23% in April. The figure is high
Daily Forex Fundamentals - May 14, 2012
Last week was an absolute blood bath as the markets' risk aversion killed high-yielding currencies. Will they rise from the dead this week?


