Majors Daily Forecast 17 May 2012

EUR/USD Sell at 1.2748 SL 1.2780 TP 1.2671 USD/JPY Buy at 80.25 SL 79.93 TP 80.97 GBP/USD Sell at 1.5928 SL 1.5960 TP 1.5840 USD/CHF Buy at 0.9421 SL 0.9389 TP 0.9505 today so far +53, total yesterday +153 pips.

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Forexperts

Jay Norris | 11:10 GMT

Daily Forex Forecast for May 17 2012

The Aussie found support just below 99.00 today after selling off over 500 pips over the previous 3-weeks.

Chris Gore | 10:01 GMT

Fed Minutes Show Possible Need for Further Stimulus; Australia Dollar at Europe's mercy

True to recent form, Greece remained the primary directive overnight for currencies overnight with the global bid for safety promoting losses across the risk spectrum.

Fan Yang | 05:02 GMT

FOMC Minutes a Non-Event Against USD Strength: USD Index Approache 2012 High

"Several members indicated that additional monetary policy accommodation could be necessary if the economic recovery lost momentum or the downside risks to the forecast became great enough".

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By FXDD | Mar 13, 2012

GBPUSD up/down/up/down pattern being tested on break above.

The GBPUSD has been moving up and down in the NY session and has just broken above the topside channel trendline. That is the bullish news. The bearish news is the price held the resistance against ...