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  • EUR/USD Technical Outlook – May 31st

    May 31, 2012 - no Comments

    30The selling continues on the last day of May for the single currency as the EURUSD spot rate has fallen through the key psychological 1.2500 figure.  The downside penetration of

  • Euro Falls To 11-Year Low Against The Japanese Yen

    May 31, 2012 - no Comments

    30The single currency fell to an 11-year low against the Japanese yen as bearish sentiment from the European financial crisis continues to weigh on the cross currency pair.  In particular,

  • GDP Data Fuels Swedish Krona Gains Versus The Euro

    May 30, 2012 - no Comments

    30Surprising analysts, the Swedish economy rebounded to post a gain in the first quarter as businesses and consumer spending propped up the Nordic economy.  For the first three months of

  • USD/JPY Technical Outlook – May 29th

    May 29, 2012 - no Comments

    30A full corrective wave has been completed in the hourly time frame for the USDJPY major currency.  The technical picture has left the pair culminating in the apex of a

  • Spanish Bond Yields Rise On Rajoy Backtrack

    May 29, 2012 - no Comments

    30Ten-year benchmark bond yields rose on the session following three negative releases as the Spanish government continues to fail in its attempt to calm markets and boost confidence in its

  • AUD/USD Technical Outlook – May 29th

    May 29, 2012 - no Comments

    30The Australian dollar remains supported with the spot rate trading above the 0.9800 barrier, which is being reinforced by the 1.0472-0.9928 descending trendine.  Although the price action is expected to

  • BOE Broadbent Notes Euro Risk

    May 29, 2012 - no Comments

    30In the clearest sign of concern among global policymakers, Bank of England member Ben Broadbent said that the central bank is ready, if necessary, to respond with adequate measures should

  • EUR/USD Technical Outlook – May 29th

    May 28, 2012 - no Comments

    30Although fundamental drivers do remain negatively bearish, the technical outlook has improved a bit.  Recent developments are pointing towards a potential reversal in the Euro for the short term, which

  • Bankia Bailout Bad For The Euro

    May 28, 2012 - no Comments

    30Recent commitments by Madrid’s government to bailout Bankia has raised concerns and fears that another leg lower in the Euro against the dollar is coming.  Although Spain has committed to

  • SNB Weighs Contingency On Euro Troubles

    May 28, 2012 - no Comments

    30The Swiss franc continues to trade a bit lower on the day versus the US dollar following comments released over the weekend by Swiss National Bank President Thomas Jordan.  The