Recent Articles
AUD/USD Battles with Parity on Greek Deadlock, Chinese Slowdown and Spanish Fears
AUD/USD is another victim of the European debt crisis. It fell to its lowest levels since mid December.falling as low as 0.9958. An attempt to regain parity with the US dollar failed so far. Australia’s economy isn’t doing too well, but this time it’s trouble from other countries hitting the pair. Updates. The Aussie is
EUR/USD Break Confirmed – Next Support Eyed
There’s no respite for the common currency: after dipping below 1.2873, the pair seemed to be staging a comeback, but the falls resumed in the wake of the US session. It’s currently holding on lower support, but this isn’t a strong one. This happens as the clouds darken above Greece and Spain. For a second
CitiFX Pro Wins Best Retail Platform for Margin FX Trading
For the third consecutive time, CitiFX Pro was named the “Best Retail Platform for Margin FX Trading” by the Profit & Loss magazine. Among the reasons for the prize were a high level of innovation, good customer service and competitive pricing. CitiFX also provides high availability via various channels such as mobile, and offers a
EUR/USD May 14 – Continues Grinding Lower as Grexit Nears
Euro/dollar is at a fresh 3 month low, challenging low support after opening with another Sunday gap. Last minute talks in Greece to form some kind of unity government haven’t succeeded so far, and fresh elections seem likely. Talks about preparations for a Greece leaving the euro-zone are heard from more and more places. In addition,
EUR/USD Gaps Below 1.29 on Greek Uncertainty and German Elections
Euro/dollar opens the Forex trading week with a gap once again. The pair opened around 1.29 and continues lower in early trade. Last minute coalition negotiations aren’t successful so far in Greece. Angela Merkel gets another political blow from local elections and Spain’s banking moves seem insufficient. Updates. The gap from last week was never
Forex Daily Outlook May 14 2012
We began the week with SNB Chairman Jordan Speaks in Switzerland as the main highlight on today’s outlook. Let’s see what awaits us today. In Europe, Industrial Production, monthly indicator to value the total manufacturers, mines, and utilities output, due to reduce from 0.8% on April down to 0.5% now. For more on the Euro,
Spain Already Has a “Plan C” in case the Situation Worsens
Spain’s finance minister Luis De Guindos has a secret plan for Spain’s economy in case things worsen. This report appears after Spain partly nationalized Bankia – not the first and probably not the last bank that Spain takes over. This report casts fresh doubts about the situation of the banks and about what the Spanish
AUD/USD Outlook May 14-18
Despite a strong start to the week, the Australian dollar lost 100 pips, as AUD/USD moved towards parity, closing at 1.0018. The upcoming week has seven releases. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD. The Australian dollar continues to tumble in May. The government announced spending cuts following the interest rate cut,
NZD/USD Outlook May 14-18
NZD/USD continued the free-fall, almost erasing all the gains seen early in the year.Retail sales, PPI and the G8 meetings are the major market-movers this week. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD. Last week, RBNZ Financial Stability Report was released stating that NZ financial system remains vulnerable to
GBP/USD Outlook – May 14 -18
The British pound continued to lose ground, as GBP/USD closed the week at 1.6060. The upcoming week has six releases, including key employment data. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. The dollar made further headway against the pound last week, buoyed by strong employment and consumer confidence data in the US last week.