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ForexLive: NZD/USD's Choppy Correction Higher

posted by Avatar ejc 2 days ago in NZD, Technical, Daily made popular 2 days ago

The NZDUSD has been chopping higher with the NY action staying above the 200 bar MA on the 5 minute chart and a loose channel trend line. Earlier the price pushed above the midpoint of the move down this week but that attempt was quickly rejecte  read more
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USDJPY Moving Above 100 Hour MA

posted by Avatar ejc 2 days ago in JPY, Technical, Daily made popular 2 days ago

The USDJPY is moving above the 100 hour MA at the 79.45 level. The next target comes i at the 79.559 and then the 79.669. The 100 hour MA comes in at 79.72. BOJ Shirakawas said this morning that the BOJ will conduct powerful monetary easing....m  read more
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GBP/USD Dips Further, Next Target 1.56

posted by Avatar sparksy 2 days ago in USD, EUR, JPY, CAD, AUD made popular 2 days ago

On Wednesday Pound/Dollar continued decreasing with 100 pips. The Cable depreciated from 1.5772 to 1.5668 yesterday, in line with the negative money flow sentiment at nearly -22%, closing the day at 1.5689. Today the British Pound weakened slightly ...  read more
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EUR/USD Shows Signs of Consolidation; Needs to Break 1.26

posted by Avatar FXTimes 2 days ago in USD, EUR, Technical made popular 2 days ago

The EUR/USD made a fresh low during the European session after manufacturing data out of the eurozone showed a sharper contraction in May than forecast. As we gear up for the US session, it remains above 1.25, and is developing a bullish divergen  read more
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Silver Forecast May 24, 2012, Technical Analysis

posted by Avatar FXEmpire 3 days ago in Technical, Daily, Metals made popular 3 days ago

The silver markets fell for much of the Wednesday session as the Dollar continued to climb for the day. However, the later hours of US trading suddenly felt bullish of risk appetite, and as a result the silver market recovered a bit to form a ham  read more
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Australian Stock Market Report Midday 5/24/2012

posted by Avatar yosoybeloved 3 days ago in USD, EUR, JPY, CAD, AUD, Commodities made popular 3 days ago

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 ...  read more
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USD-JPY prediction may 24 2012

posted by Avatar stockmarket 3 days ago in USD, JPY, Technical made popular 3 days ago

USD/JPY is last at 79.51, bouncing from day lows at 79.21, and falling from yesterday's and weekly highs at 80.15,  read more
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EU Summit Fails to Provide Answers

posted by Avatar FXTimes 3 days ago in EUR, Fundamental, Daily made popular 3 days ago

The markets did not get any reason for hope out of the EU summit. Agreement on the significance of having more concrete decision during the official summit in June sounds like “kicking the can down the road” as Jamie Coleman from Forexlive put it  read more
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C$ skids to 4-month low on Europe fears

posted by Avatar alexandria 3 days ago in all made popular 3 days ago

The Canadian dollar skidded to its lowest level in more than four months against its US counterpart on Wednesday in tandem with the euro, global equity and commodity markets as investors worried about Greece's possible exit from ...  read more
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USD Rally May Defy Market Expectations, AUD Struggles To Find Support

posted by Avatar newsinabox 3 days ago in USD, EUR, CAD made popular 3 days ago

By Doug Kass The Dow Jones-FXCM US Dollar Index (Ticker: USDollar ) is 0.38 percent higher from the open after moving 94 percent of its average true range, and the greenback may continue to appreciate against its major counterparts as market ...  read more
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Countertrend Play on EUR/GBP

posted by Avatar EJSuratos 3 days ago in EUR, GBP, Special made popular 3 days ago

After dropping all the way back down to set a low at .7950, EUR/GBP has recovered over the past few trading days and even filled that massive gap from a couple weeks back. Are the bulls gearing up for a major comeback?  read more
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EUR/USD Breaks 1.26 Level, Traders Running from Euro

posted by Avatar commodityblog 3 days ago in USD, EUR, Fundamental made popular 3 days ago

The euro fell below the 1.26 level against the US dollar, reaching lowest level since July 2010. That level was considered to provide strong support to the shared 17-nation currency and, now that the support line is broken, traders are afraid tha  read more