The AUD/USD is balancing around its psychological .85 level after Fitch’s Spain downgrade sent the risk trade lower on Friday. However, the Aussie has been outperforming over the past few trading sessions ahead of tomorrow’s key data. Australia will release retail sales and building approvals data followed by and RBA
AUD/USD Balances Around .85
May - 31 - 2010
Currency Crosses Pairs Analysis
May - 31 - 2010
EUR/GBP Longer term bias is neutral for the pair. Trading in a wide range between 0.8450 and 0.8750 area. Intraday: Retreats from 0.8550. Watch for a break below support area between 0.8450 and 0.8400 figure.
Currency Crosses Pairs Analysis
May - 31 - 2010
EUR/GBP Longer term bias is neutral for the pair. Trading in a wide range between 0.8450 and 0.8750 area. Intraday: Retreats from 0.8550. Watch for a break below support area between 0.8450 and 0.8400 figure.
Forex Technical Analysis
May - 31 - 2010
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Forex Technical Analysis
May - 31 - 2010
EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are descending, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3458 and 1.4206.
Daily FX Report
May - 31 - 2010
At the end of May the EUR was poised for the sixth monthly loss versus the USD amid concerns Europe’s efforts to reduce fiscal deficits and stem a sovereign-debt crisis will undermine the region’s recovers. Fitch Ratings stripped Spain of its AAA credit grade on late Friday evening. The EUR/JPY
Daily FX Report
May - 31 - 2010
At the end of May the EUR was poised for the sixth monthly loss versus the USD amid concerns Europe’s efforts to reduce fiscal deficits and stem a sovereign-debt crisis will undermine the region’s recovers. Fitch Ratings stripped Spain of its AAA credit grade on late Friday evening. The EUR/JPY
Elliott Wave Trade Ideas Performance Update
May - 31 - 2010
The greenback rallied in line with our expectation and the long position entered in the previous week at 1.0560 finally reached it’s upside target at 1.0850 (with 290 points profit), however, the retreat from 1.0854 turned out to be stronger than expected and the subsequent long position entered at 1.0530