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GBP/USD Forecast May 25, 2012, Technical Analysis
The GBP/USD pair has fallen again during the Thursday session to test the support level at the 1.5650 level. The level was our “line in the sand” for the bulls, and the fact that we have touched it for the session suggests that a decision has to
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Euro wallows at 2-year lows as EU jitters rattle markets
* EUR option barriers at $1.2500; stops at $1.2480 * Market could consolidate around $1.25 * Break of the level targets June 2010 low of $1.1876 * USD/JPY supported by importers, short-covering * Long US weekend could limit volatility By Antoni ...
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Technical Alert: EURUSD
EURUSD: With EUR taking out its key support at the 1.2620 level and weakening, the risk is for it to extend that weaken in the days ahead.
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SEK issues billion dollar bond
SEK has issued a 5-year bond for USD 1 billion. Despite turbulent market conditions, the bond was very well received and was subscribed by investors from all over the world. Over 60 investors participated in the transaction, which was oversubscribed.
31 votes
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Giving EUR/USD Another Shot
Do you see what I see on EUR/USD? Yup, I'm giving EUR/USD another shot. Hopefully, this time around, I won't miss the boat!
28 votes
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Indian Rupee Continues To Decline, Despite Intervention
For the first time in four sessions, the Indian rupee fought back against the US dollar, retracing from another historic low for the Asian currency. Falling to 56.38 against the US dollar, the rupee is managing to eke out a gain as markets head
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Better Data Boosts Risk Appetite, Sending US Dollar Lower
US dollar is moving lower right now, thanks to improved risk appetite. Most of that risk appetite is coming from enthusiasm over better data in the United States. Improvements to the US economy are helping high beta currencies, even after continu
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Eurozone Manufacturing (April), UK GDP (Q1) Contract Sharper
Note that everything is in contraction, except German services PMI. The EUR/USD made news lows over the European session after the releases, but has found support at 1.2510 heading into the US session and is showing some signs of consolidation.
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Euro Bears Ride the Downtrend as Greek Hopes Fade
With the market’s focus almost entirely on the growing possibility of a disorderly Greek exit from the Eurozone, mixed data from Germany couldn’t help dissuade bearish sentiment. The German Statistics Office reported earlier that 1st quarter GDP,
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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
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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
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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


