Tradervox

Fri, 18/05/2012 - 14:16

The US dollar tumbled vs. the Japanese yen during the afternoon session yesterday, following a significantly worse than expected Philly Fed Manufacturing Index. The manufacturing index came in at -5.8, well below the forecasted level of 10.3.

Euro Limits Losses in Slow Trading Day

Fri, 18/05/2012 - 14:14

After dropping as low as 1.2666 during the morning session, the euro was able to recoup some of its losses against the US dollar, reaching as high as 1.2736. The currency was able to benefit from poor US manufacturing data which turned the USD bearish.

Aussie Benefits From Positive Asian Data

Fri, 18/05/2012 - 14:12

The Australian dollar was able to move up vs. the USD following positive Japanese news during morning trading yesterday. Additionally, disappointing manufacturing data out of the US caused the AUD/USD to move up further.

Majors Technical Analysis 18/May/2012

Fri, 18/05/2012 - 14:11

Most long-term technical indicators place this pair in oversold territory, indicating that upward movement could occur in the near future. The Williams Percent Range on the weekly chart is currently at -90, while the daily chart's Slow Stochastic has formed a bullish cross. Traders may want to go...

South Pacific Dollars Set for the Biggest Weekly Decline

Fri, 18/05/2012 - 13:48

Commodity associated currencies such as Australian and New Zealand dollars are experiencing a huge decline due to the debt crisis in Europe. The trouble for these currencies started when France and Greece went to elections about two weeks ago and the resulting turmoil effects have not relinquished up to...

14:16 - Manufacturing Data Causes USD to Tumble
14:14 - Euro Limits Losses in Slow Trading Day
14:12 - Aussie Benefits From Positive Asian Data
13:48 - South Pacific Dollars Set for the Biggest Weekly Decline
13:31 - Downgrades in Europe

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(18/May - 13:31) - Downgrades in Europe

Tradervox (Dublin) - The EUR/USD opened the day negative pushing the currency pair to four month lows of 1.2656. The pair opened the day around the 1.269 level but was hammered further into the day as the risk aversion began to grapple the market .This risk aversion saw huge dollar inflows driving the Dollar Index to monthly highs of 81.7. The political situation in Greece and the fears of financial stability of Italy and Spain were the major drivers of risk aversion. The political picture in Greece has become once again uncertain with fresh elections likely to be around early next month after talks between parties failed early this...

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Tradervox Contributors

South Pacific Dollars Set for the Jason Fingerton Tradervox.com	Downgrades in Europe Marcelo Melo Tradervox.com
Euro Tumble on Greece Downgrade Jason Fingerton Tradervox.com	Major Forex Outlook For the Coming Tauane Sousa Tradervox.com