European Election Results Unsettle Currency Markets
Late last week we speculated weather the markets had discounted a victory by the socialist party in France. Judging by the market action this week, that was not the case.
Month: May 2012
Forex-Metal Daily Analysis -08/05/2012
Technical analysis for 08/05
NFP Numbers Suggest US Recovery Is Slowing
For the second month in a row the Non-Farm Payroll number was well shy of the trade’s conservative estimate.
Greek Elections Lead to Significant Euro Losses
The results of Greek parliamentary elections held over the weekend kept the euro low against virtually all of its main rivals throughout yesterday’s trading session.
EUR/USD Forecast May 8, 2012, Technical Analysis
The EUR/USD pair gapped down massively on the open Monday. The elections in Europe shocked the markets as the voters in three countries went decidedly anti-austerity. In fact, Greek even went so far as to elect neo-Nazis...
USD/JPY Forecast May 8, 2012, Technical Analysis
The USD/JPY pair fell initially during the session on Monday, only to bounce again and close out the session just below the 80 handle. It is one of the most interesting areas in the Forex markets at...
GBP/USD Forecast May 8, 2012, Technical Analysis
The GBP/USD pair rose after originally falling in the Monday session. The pair reacted negatively at first to the European elections that were had over the weekend in Greece, France, and Germany.
AUD/USD Forecast May 8, 0212, Technical Analysis
The AUD/USD pair gapped down at the open for the Monday session like all “risk related” pairs, but the markets turned back around in the end as the gaps were all filled. The Aussie gave back some...
USD/CAD Forecast May 8, 2012, Technical Analysis
The USD/CAD pair fell fairly hard on the session for Monday, even as oil dropped. The market had originally gapped slightly and rose, but the overall attitude came back into play as the pair approached the parity...
French, Greek Elections Set to Impact Euro
A disappointing US jobs report resulted in the safe-haven US dollar sliding against the Japanese yen while rallying against riskier currencies like the AUD and EUR to close out last week’s trading session.