GBP/USD Prices May 23, 2012, Technical
The GBP/USD pair fell hard during the Tuesday session as the recent hammer from the Friday session is being tested for support. The breaking of the 1.5700 level would be a signal for us to sell this...
Month: May 2012
USD/CAD Prices May 23, 2012, Technical
The USD/CAD pair had a bullish session for Tuesday as the bounce recaptured much of what was lost on Monday. The oil markets fell again, and this certainly helped the rise in this pair. The Dollar is...
AUD/USD Prices May 23, 2012, Technical
The AUD/USD pair fell on Tuesday as the fears over Europe continue. The former Prime Minister of Greece, Mr. Papademos suggested that the exit risk of Greece out of the European Union was a real threat, and...
Forex-Metal Daily Analysis -22/05/2012
The “G8” leaders agreed to continue taking measures to strengthen the
EUR/USD Forecast May 22, 2012, Technical Analysis
The EUR/USD pair had a positive session on Monday as the bounce continued from the Friday session. The pair has been massively oversold in the last couple of weeks, so this bounce was bound to happen sooner...
USD/JPY Forecast May 22, 2012, Technical Analysis
The USD/JPY pair rose during the Monday session as the 61.8 Fibonacci level offered support. The 79 handle is also there, and this was probably part of the reason as well. The market had been sold off...
GBP/USD Forecast May 22, 2012, Technical Analysis
The GBP/USD pair rose slightly during the Monday session as the 50% Fibonacci level continues to hold the market up. The hammer from the Friday session had us looking at a possible buy in this pair, but...
AUD/USD Forecast May 22, 2012, Technical Analysis
The AUD/USD pair shot straight up for the session on Monday as the bounce that many had waited for. The pair seems to be finding a lot of support 0.98 levels, and as a result we think...
USD/CAD Forecast May 22, 2012, Technical Analysis
The USD/CAD pair fell on the session for Monday and the action was very weak. This pair has recently broken out to the upside recently, and the 1.01 level now should be supportive all the way down...
Speculators Increase Euro Short Positions, COT Report 15th May 2012 Reveals
It was an active week for euro traders. The total size of the speculator short in the euro versus the USD increased to 219,642 contracts, up from 183,685 in the previous week.