USD/CAD Forecast May 16, 2012, Technical Analysis
The USD/CAD pair rose during the session on Tuesday as the risk off trade continues. The oil markets also fell, with the Light Sweet Crude markets now well below the $95 support level.
Month: May 2012
AUD/USD Forecast May 16, 2012, Technical Analysis
The AUD/USD pair attempted to rally on Tuesday, only to fail and fall further. The resulting candle from the session is a shooting star, and it is formed at the bottom of the down move we have...
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,...
USD/JPY Forecast May 16, 2012, Technical Analysis
The USD/JPY pair rose during the Tuesday session as the Dollar gained against almost all currencies. The pair has been sitting at the 80 handle for several sessions now, and it looks as if the level could...
EUR/USD Forecast May 16, 2012, Technical Analysis
The EUR/USD pair continued to fall on Tuesday as the markets worry about the various problems facing Europe. The breakdown over the last couple of weeks has been brutal, and there shouldn’t be much of a debate...
Eurozone Plays Spin the Bottle
The aftermath from last week’s elections continue to weigh on the markets, and in currency markets, the threat of political change is the most important driver.
Forex-Metal Daily Analysis -15/05/2012
The dollar rose on fears of aggravating the situation in Europe.
EUR/USD Hits 4-Month Low
The euro continued to tumble throughout yesterday’s trading session as investors grew more concerned regarding the impact of a possible new Greek election next month. The EUR/USD fell close to 70 pips during European trading, reaching as...
EUR/USD Forecast May 15, 2012, Technical Analysis
The EUR/USD pair continued to fall on Monday as the traders in this pair sold the pair off without hesitations. The markets have seen the 1.29 level give way now, and this signals another round of weakness.
USD/JPY Forecast May 15, 2012, Technical Analysis
The USD/JPY pair struggled during the Monday session as the 80 handle continues to cause massive reactions in the pair. The level was the site of a large breakout back at the start of 2012, and the...