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FOMC Minutes a Non-Event Against USD Strength: USD Index...
“Several members indicated that additional monetary policy accommodation could be necessary if the economic recovery lost momentum or the downside risks to the forecast became great enough”. This is just rhetoric, and actually not as strong as we
41 votes
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ForexLive: The US Dollar Index Tries to Keep Going
The US Dollar Index is up today. A close above the 81.22 would be the 13th up day in a row. However, the price is rotating off the highs today and the price has dipped below the close from yesterday. So the string is in jeopardy....more.
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Yen Falls as Traders Anticipates Intervention from BoJ
The Japanese yen fell against other major currencies today on speculation that the Bank of Japan will continue its efforts to weaken the currency. Even fears of the European debt crisis were not been able to help Japan’s currency.
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USD/JPY Breaks Above Channel Resistance; Trades at May High
USD/JPY indeed bottomed out in the short-term and broke above a declining channel resistance. The 1H chart shows the bottoming formation. There is resistance in the 80.50-80.60 area. This is the May high established in the beginning of the month
23 votes
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Euro Struggles Higher as Data Improves in the United States
Earlier, the euro headed lower as concerns about Greece overcame the markets and worried Forex traders and investors. Good news out of the United States, though, is changing the picture a little bit and providing a measure of confidence that is h
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On Track: EADS Reports First Quarter (Q1) Results 2012
The interest result of EUR -73 million (Q1 2011: EUR -47 million) deteriorated compared to the 2011 level, mainly due to lower interest income related to the lower gross cash level and a reduction of the average interest rate compared to last year.
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Gold & Silver – Daily Outlook May 16
Gold and silver prices continued their downward trend during yesterday’s trading despite the slightly positive news of the higher than expected growth rate of Germany’s GDP in the Q1 2012 (a growth rate of 0.5%); the news of the new elections in
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Greek worries push euro to 4-mth low; more losses eyed
The euro hit another four-month low against the dollar on ...
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GBP/USD Forecast May 16, 2012, Technical Analysis
The GBP/USD pair fell very hard on Tuesday to slam into the 1.60 level. The area was the site of a breakout last month, and should therefore be supportive now. However, the price action is very bearish, and the fact that the pair closed at the ve
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Natural Gas Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:Natural Gas continues to surprise the markets trading up today at 2.464 adding 0.033. Markets seem to believe that many producers are closing down or lowering production. This is more like manipulation to drive up
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Crude Oil Fundamental Analysis May 16, 2012, Forecast
Analysis and Recommendations:Crude Oil is trading at 94.53 down 0.25 in today’s session. U.S. crude prices dropped towards $94 a barrel on Tuesday, pressured by concerns that Europe would slip into a worse-than-expected recession. NYMEX crude
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Crude Oil Update, Copper Update, Gold Silver Tips, Mentha O
MCX Copper is bearish condition. Copper buy position with trading 424- 426 and copper down 419 to apply selling position. Natural gas is consolidate today strategy buy position, resistance 136-138 and support 131-128. BUY MENTHA OIL MAY ABOVE 1


