Posts Tagged ‘markets’

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Forex Weekly Trading Forecast – 05.21.2012

By John Kicklighter, Sr. Currency Strategist ; Ilya Spivak, Currency Strategist ; David Song, Currency Analyst  and  Christopher Vecchio, Currency Analyst DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

Published by on May 19th, 2012 at 01:05 am
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Gold Outlook Rests on G8 Summit, Eurozone PMIs and US Survey Data

Fundamental Forecast for Gold: Neutral Gold prices mounted a swift recovery toward the end of last week as fears of a spreading crisis in the Eurozone and disappointing US economic news drove demand for alternative stores of value. An unexpectedly soft Philadelphia Fed print dented hopes that an accelerating US recovery will offset headwinds to global growth from sluggish conditions in Europe and Asia. The outcome marked only the second bit of significant data from the May set of activity surveys, tarnishing positive cues from the Empire Manufacturing print earlier in the week and pulling gold higher on inflation-hedge buying as traders sized up the uneven performance with minutes from the Fed’s April policy minutes.

Published by on May 18th, 2012 at 09:05 pm
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Risk Correlated Assets Begging for Relief But No Real Sign of Bottom Yet

Panic, fear and uncertainty take hold of markets Euro looking to establish below 2012 lows from January Yen starts to find renewed bids on flight to safety status Eurozone political turmoil fuels intensified risk off trade Rating agency downgrades and Greek political developments weigh German producer prices above expectations The risk liquidation continues into Friday, and markets to this point have shown no real interest in any form of a bounce.

Published by on May 18th, 2012 at 03:05 am
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USD/JPY Classical Technical Report 05.18

USD/JPY : The market continues to consolidate around 80.00 and is in the process of looking for a medium-term higher low ahead of the next major upside extension back above the yearly highs at 84.20 and towards 90.00 further up. However, for the time being it remains in question whether the market will still head lower towards the 200-Day SMA by 78.50 before ultimately reversing higher. The key level to watch above comes in by 80.60, and a break and close above this level will officially alleviate downside pressures and suggest that a higher low has now been carved in the 79.00′s

Published by on May 17th, 2012 at 11:05 pm
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STOCKS NEWS SINGAPORE-Shares fall more, down 4 pct this week

Fri May 18, 2012 2:17am EDT Singapore shares extended their fall on concerns about growing instability in Spanish banks and political turmoil in Greece, with banks, property and commodities stocks in the city-state among the hardest hit. The Straits Times Index dropped as much as 2.1 percent to 2,762.81 points, the lowest since Jan 16. The Singapore bourse has lost more than 4 percent so far this week.

Published by on May 17th, 2012 at 11:05 pm
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