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Gold Bubble? Demand Data Continues To Show No Bubble

posted by Avatar shen 2 days ago in USD, EUR, JPY, GBP

Gold's London AM fix this morning was USD 1555.00, EUR 1229.44, and GBP 989.56 per ounce. Yesterday's AM fix this morning was USD 1575.75, EUR 1233.95, and GBP 998.76 per ounce. Gold fell $26.20 or 1.64% in New York yesterday and closed at $1566.80/oz.  read more
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Canadian Dollar Fluctuates as U.S. Jobless Claims Little Changed

posted by Avatar grimadventures 2 days ago in Economic Indicators made popular 2 days ago

The currency traded little changed at C$1.0255 per US dollar at 8:39 am in Toronto, after gaining as much as 0.2 percent and falling 0.3 percent. Yesterday it depreciated to C$1.0296, its weakest level since Jan. 9. One Canadian dollar buys 97.51 US ...  read more
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Riding the AUD/USD Downtrend

posted by Avatar krissylinne 2 days ago in AUD, Technical, Weekly made popular 2 days ago

So far so good! Just when I thought that I had missed AUD/USD's price action, the pair went up to trigger my first position! Here's what happened.  read more
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Duty-free shopping group Global Blue sells for $1.3 bln

posted by Avatar hanayoridango 2 days ago in all made popular 2 days ago

... in Europe reclaim sales tax on their shopping and offers its service through more than 270000 retail locations worldwide. Equistone, formerly Barclays Private Equity, bought Global Blue in 2007 in a deal valuing the business at 360 million euros.  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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Have the Bears Taken the Euro Low Enough?

posted by Avatar cashbackforex 3 days ago in EUR made popular 3 days ago

The European debt mess continues to evolve, and perhaps there is a lot more to the down side, but the trade is lined up very short. A bullish surprise might jolt the market.  read more
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EUR/GBP Forecast May 24, 2012, Technical Analysis

posted by Avatar FXEmpire 3 days ago in EUR, GBP, Technical made popular 3 days ago

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  read more
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AUD/USD Forecast May 24, 2012, Technical Analysis

posted by Avatar FXEmpire 3 days ago in USD, AUD, Technical made popular 3 days ago

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  read more
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Gold prices prediction may 24 2012

posted by Avatar stockmarket 3 days ago in Fundamental, Daily, Gold

Gold prices rose in Asian trading on Thursday after taking a beating in recent sessions on fears Greece is teetering closer to abandoning the euro  read more
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China Opening Up Even More?

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

It looks like hedge funds will soon jump over the Chinese hedge! Word around the hood is that China is looking to allow more foreign institutional investors to operate in the country. Could this soon lead to more flexibility in its currency?  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
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Daily Chart Art - May 23, 2012

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

Whether you fancy the majors, the cross-currency pairs, or the comdolls, I have em' all in today's chart art!  read more