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Short Positions As FarTitle:
Euro slumps vs. dollar on Greek, Spain worries
(Reuters) - The euro tumbled to nearly two-year lows against the dollar on Friday, rattled by fears of a possible Greek exit from the euro zone and the risk other debt-plagued countries could also leave the bloc.
A plea from Spain's wealthiest autonomous region, Catalonia, for help from the central government to refinance its debt this year was the latest news to hit the euro, which was on track for its worst weekly showing in five months.
Catalonia's appeal reverberated across financial markets. Spanish and Italian bonds sold off, equities fell, and U.S. crude futures turned negative.
"The Catalonia news was a big deal because it implies that the Spanish government may have to take on more debt and it cannot afford to do so," said Richard Franulovich, senior currency strategist at ...
Title:
Euro falls to near two-year low as Greece, Spain weigh
(Reuters) - The euro tumbled to nearly two-year lows against the dollar on Friday, and remained on track for its worst weekly showing in five months, rattled by fears of a possible Greek exit from the euro zone and the risk other debt-plagued countries could also leave the regional bloc.
A plea from Spain's wealthiest autonomous region, Catalonia, for help from the central government to refinance its debt this year became the latest headline to hit the euro.
Catalonia's appeal affected almost all asset classes as Spanish and Italian bonds sold off, equities fell, and U.S. crude futures turned negative.
"The Catalonia news was a big deal because it implies that the Spanish government may have to take on more debt and it cannot afford to do so," said Richard Franulovich, senior currency ...
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Euro off near two-year lows, outlook still bleak
(Reuters) - The euro inched up from two-year lows against the dollar on Friday as bearish investors took a breather from a sharp sell-off this week, but worries about a possible Greek exit from the euro zone and the risk of contagion could make gains fleeting.
The euro traded 0.4 percent higher on the day at $1.2581, pulling away from $1.25155, the lowest level since July 2010 that was hit the day before. Traders cited a reported option barrier at $1.2500 that could check losses with offers around $1.2600 and stop-loss orders above $1.2620.
Despite the bounce, the common currency has lost more than 5 percent against the dollar so far this month and is on track for its fourth straight week of losses, raising the possibility of a test of the 2010 low of $1.1875.
Macro funds and ...
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Technical analysis of the XAU/USD (Gold) pair on May 25th, 2012
Commentary of the XAU/USD (Gold) pair:
The pair XAU/USD made a pullback yesterday on 1580 points and just felt on the support at 1550 points.
The pair is still moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 1580 is resistance.
The breakout of 1540 will give a new sell signal and open the way towards 1500 points.
In case of return above 1580 points, we will wait the breakout of 1600 to advise long positions.
See the previous analysis of the XAU/USD pair of May 24th, 2012
XAU/USD Analysis
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Technical analysis of the AUD/USD parity on May 25th, 2012
Commentary of the AUD/USD parity:
The pair AUD/USD made yesterday a pullback on 0.98 as resistance.
The pair is still moving below the lower band of its bearish channel (purple lines).
All indicators are bearish.
We continue to advise short positions as far as 0.9850 is resistance.
The breakout of 0.97 will give a new sell signal and open the way towards 0.96.
In case of return above 0.9850, we will wait the breakout of 0.9950 to advise long positons.
See the previous analysis of the AUD/USD parity of May 24th, 2012
AUD/USD Analysis
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Technical analysis of the EUR/CHF pair on May 25th, 2012
Commentary of the EUR/CHF pair:
The pair EUR/CHF has faked yesterday the start of a strong bullish rally.
The pair is back on the same levels before the intervention of the BNS (above 1.2010).
Indicators are neutral.
We now advise to trade only long positions as far as 1.2010 is support.
The breakout of 1.2030 and 1.2050 will both give a new buy signal.
In case of return below 1.2010, we will wait the breakout of 1.20 to advise short positions.
See the previous analysis of the EUR/CHF pair of May 24th, 2012
EUR/CHF Analysis
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Technical analysis of the EUR/GBP pair on May 25th, 2012
Commentary of the EUR/GBP pair:
The pair EUR/GBP continues to move on the support at 0.80 and also on the second line of its bearish channel (overlaid purple lines).
Indicators are globaly bearish.
We continue to advise short positions as far as 0.8075 is resistance.
The breakout of 0.80 will give a new sell siganl and open the way towards 0.7950.
In case of return above 0.8075, we will wait the breakout of 0.81 to advise long positions.
See the previous analysis of the EUR/GBP pair of May 24th, 2012
EUR/GBP Analysis
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Technical analysis of the EUR/JPY pair on May 25th, 2012
Commentary of the EUR/JPY pair :
The pair EUR/JPY is still moving around 100.
All indicators are bearish.
The pair is moving below the lower band of its bearish channel (purple lines).
We continue to advise short positions as far as 101 is resistance.
The breakout of 100 will give a new sell signal and open the way towards 99.50 and 99.
In case of return above 101, we will wait the breakout of 102 to advise long positions.
See the previous analysis of the EUR/JPY pair of May 24th, 2012
EUR/JPY Analysis
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Technical analysis of the EUR/USD pair on May 25th, 2012
Commentary of the EUR/USD pair :
The pair EUR/USD made a pullback yesterday on the resistance at 1.26 and is currently moving between this level and the support at 1.25.
The pair is still moving below a paralell of its bearish channel (lows of March 14th).
All indicators are bearish.
We continue to advise short positions as far as 1.2650 is resistance.
The breakout of 1.25 will give a new sell signal and open the way towards 1.2450.
In case of return above 1.2650, we will then wait the breakout of 1.2750 to advise long positions.
See the previous analysis of the EUR/USD pair of May 24th, 2012
EUR/USD Analysis
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