May 30, 2011

Forex Crunch Greeks Grab Their Money from the Banks – Time is Running Out

Forex Crunch Greeks Grab Their Money from the Banks – Time is Running Out


Greeks Grab Their Money from the Banks – Time is Running Out

Posted: 30 May 2011 04:57 AM PDT

While the European Union is dragging its legs regarding a sustainable solution for Greece, the Greeks are on the move, withdrawing large sums of money from the banks (before they won’t be able to), taking to the streets and begin talking about a revolution. 7 updates: Greeks on the move Spanish style protests: Up to

USD/CHF: Trading the Swiss GDP

Posted: 30 May 2011 04:56 AM PDT

Many see the Swiss franc only as a safe haven currency. With the GDP release, we get the broadest measure of the economy. The release will rock the Swiss franc that is at all time highs against the dollar. Here are the details and 5 scenarios for USD/CHF. Published on Tuesday at 5:45 GMT. Indicator

EUR/USD May 30 – Falling to Support on Fresh Greek Worries

Posted: 30 May 2011 12:36 AM PDT

EUR/USD starts the week with a fall from highs as the deadline for Greece is getting close and tough decisions cannot be avoided for too long. News over the weekend weigh on the common currency. Where will it go on this day of light volume? Here's a quick update on technicals, fundamentals and what's going

USD/CHF Bearish Impulse Targeting 0.83

Posted: 30 May 2011 12:34 AM PDT

Swiss franc  has been acting very strong for the past few days, since majors, such as Euro, Pound and Australian dollar found support against the US dollar.  Notice that Usd/Chf reversed sharply on the downside at the end of a trading week, as pair was unable to gain above the daily falling channel resistance line.

Forex Daily Outlook – May 30 2011

Posted: 29 May 2011 03:00 PM PDT

GDP in Canada and New Home Sales in Australia are the main highlight on today’s outlook. Let’s see what awaits us today. In Canada, Gross Domestic Product (GDP), the broad measure of the Eurozone, total value of all goods and services produced by the Eurozone. Is expected to rise by 0.4% on the monthly repot

AUD/USD May.30– Aussie Closes Week Up Against US Dollar

Posted: 29 May 2011 12:10 PM PDT

The Aussie closed the week against the Greenback at 1.0706, up 0.57% for the day and up 0.45% for the week by the close of Friday’s trading.  The Aussie rallied to a two-week high against the Greenback following poorer than expected US economic data. Here's a quick update on technicals, fundamentals and community trends.  

USD/JPY Outlook –May 30-Jun 3

Posted: 29 May 2011 09:33 AM PDT

Dollar/yen had an amazing downfall to end the week. In the upcoming week, Household Spending andIndustrial Production are the main events. Let’ s review the major events awaiting us, with an updated technical analysis for USD/JPY. Last week Masaaki Shirakawa Governor of the BOJ announced that Japan’s economy shows fist signs of recovery after the crash

USD/CAD Outlook May 30 – June 3

Posted: 29 May 2011 09:18 AM PDT

USD/CAD ticked up for another week. And now, Canadian GDP and and the rate decision are the main market-movers this week. Here is an outlook on the major events ahead and an updated technical analysis for USD/CAD. The weakness in the US economy weighs on Canada as well. The US is Canada’s main trade partner.

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