US
UK
Chinese
Japanese
Hong Kong
Australia
Spanish
Deutsch
Portuguese
Korean
French
Russian
The euro (EUR) slid against the US dollar (USD) to 1.3477 without any support after failing to push above 1.3700. The single currency has approximately dropped one percent as political turmoil in the continent is proving detrimental to the confidence created. Silvio Berlusconi once more appeared to the forefront of attention, as he gains ground in the polls for Italy’s upcoming election and is causing jitters to the markets. At the same time Spanish Mariano Rajoy’s corruption allegations, pressuring the euro, are proof that politics is driving economics. |
§ WTI Crude (OIL) shows signs of reversing its upward trend after falling to 95.98. The energy slipped lower from its pennant formation indicating a change of direction from the high of 98.00. Lower oil and gas production by major producers indicates oversupply of the commodity to some.
§ The euro (EUR) corrected against the Japanese yen (JPY) finding some support at 124.10. The move comes after the single currency moved to its highest level against the yen in two and a half years.
§ The UK100 (FTS), which tracks the largest 100 British companies, found support after its sky fall from 6317 to 6200 losing over 100 points, amid weaker earnings.
Stay in tune throughout the day with foreign exchange bullets!
| Outlook | . | Pivot | Preference1 | Sentiment2 |
| . | EURUSD | 1.3540 | SHORT @ 1.3540 | 38% of deals buy EUR |
| . | USDJPY | 91.95 | LONG @ 91.95 | 47% of deals buy USD |
| . | GBPUSD | 1.5775 | SHORT @ 1.5775 | 61% of deals buy GBP |
| . | AUDUSD | 1.0440 | LONG @ 1.0440 | 66% of deals buy AUD |
| . | GOLD | 1660 | LONG @ 1660 | 69% of deals buy GOLD |
| . | OIL | 98.20 | SHORT @ 98.20 | 71% of deals buy OIL |
| Calendar | Currency | Time (GMT) | Event | Forecast |
| . | EUR | 08:15 | Italian Services PMI | 45.9 |
| . | GBP | 09:30 | UK Services PMI | 49.8 |
| . |
| Movers Shakers | |
| AUDUSD | The Australian dollar (AUD) dropped to 1.0404 after falling from 1.0455 against the US dollar (USD). The drop came after the Reserve Bank of Australia kept interest rates unchanged while signalling it could slash them further, probing markets to push the pair into lower territory. |
Most Popular Slideshows
Robert Pattinson-Kristen Stewart: Twilight Lovers To Bring Back Love at 2013 Cannes Festival [PHOTOS]
Angelina Jolie Double Mastectomy: Other Celebrities Who Also Went Through the Surgical Procedure [PHOTOS]
IN PHOTOS! A Picture of Sadness in Kristen Stewart as Robert Pattinson Celebrates 27th Birthday ALONE? [SLIDESHOW]
'Fifty Shades of Grey' Movie Casting: Chris Evans as Christian Grey [PHOTOS]
