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Index Technical Outlook: US Dollar Index

posted by Avatar FXTechstrategy 11 days ago in USD, Technical, Daily made popular 11 days ago

US Dollar Index: With continued rally seeing the Index strengthening and holding above its broken resistance, it remains biased to the upside towards its key resistance at the 81.78 level, its Jan 2012 high.  read more
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The Opening Bell: Where currencies start for Wednesday, May 16, 2012

posted by Avatar tsukushi 11 days ago in NZD made popular 11 days ago

By Dan Bell The NZD/USD has tested new lows overnight, seeing 0.7677, after a 24 hours highlighted by poor domestic data and global risk aversion. Yesterday's downward revision of 2011 NZ GDP, and a drop in milk prices by 6.4% weighed on the Kiwi ...  read more
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EUR/USD update (15th May 2012, 15:15)

posted by Avatar butterscotch 11 days ago in EUR, Economic Indicators made popular 11 days ago

On the other hand, official figures released today showed that French GDP growth came in at the expected 0% in the three months to 31 March. EUR/USD trended down as worse-than-expected Italian GDP figures were released. The GDP for the first quarter ...  read more
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Daily Chart Art - May 15, 2012

posted by Avatar EJSuratos 11 days ago in Technical, Daily made popular 11 days ago

If you're a fan of retracements and break-and-retest plays, then these chart setups could be for you. Check out these potential pullbacks on EUR/JPY, GBP/USD, and NZD/USD!  read more
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Grexit and Bank Run Prospects Continue to Weigh on the Euro

posted by Avatar FXTimes 11 days ago in EUR, Fundamental, Daily made popular 11 days ago

Under the spotlight again, Greece is now at the brink of an exit from the European Monetary Union (EMU). Breakdown in coalition talk further puts pressure on the euro. German Finance Minister Wolfgang Schaeuble is calling the vote a “referendum o  read more
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Canada Dollar Gains as Europe Avoiding Recession Boosts Demand

posted by Avatar ananais 11 days ago in EUR, CAD made popular 11 days ago

We see the Canadian dollar following the global trend, said Jack Spitz, managing director of foreign exchange at National Bank of Canada in Toronto. There's a rise in global risk appetite on the back of perhaps a misguided, but certainly a view, ...  read more
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Grexit Effects on Euro Could be Limited Without Contagion

posted by Avatar forexcrunch 11 days ago in Fundamental, Monthly made popular 11 days ago

A Greek exit of the euro-zone is uncharted territory and would certainly hurt the euro. Yet without contagion to other countries, the situation could improve for the common currency, says John Kicklighter of DailyFx.  read more
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SPX 500 - Tuesday 05-15-12

posted by Avatar Boston4X 11 days ago in EUR, Technical, Fundamental made popular 11 days ago

The SPX 500 is off its overnight lows and sits about flat from Mondays close on the S&P 500 (as of 9:45am ET). The  read more
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Pound Slides To Fresh 3-week Low Against Dollar

posted by Avatar CommodityTip 11 days ago in all made popular 11 days ago

On the downside, the pound may find target around the 0.8030 level. The German economy expanded more than expected in the first quarter of 2012, data released by the Federal Statistical Office showed today. Gross domestic product rose 0.5 percent from ...  read more
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Daily Technical Strategist: USDCAD

posted by Avatar FXTechstrategy 11 days ago in USD, Technical, Daily made popular 11 days ago

USDCAD: We continue to hold onto our downside view on USDCAD as it trades below its key resistance at the 1.0048/51 levels.  read more
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Euro Area Barely Avoided Recession in Q1; Economic Sentiment

posted by Avatar FXTimes 11 days ago in EUR, Fundamental, Daily made popular 11 days ago

A slew of GDP data coming out of the Eurozone were released during the 5/15 European trading session. 2012 Q1 GDP estimates France: 0.0%, forecast 0.0%, previous 0.1% (revised from 0.2%) – Flat as expected.
Germany: 0.5%, forecast 0.1%, previous  read more
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FxPro Daily Forex Brief | Another bad hair day

posted by Avatar forextrader2011 11 days ago in Daily made popular 11 days ago

Risk Assets Suffer | Bond Vigililantism | Europe's Inflexion Point | Gold Weakens  read more