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By examining the daily chart, we will find that the pair has breached the resistance line of the bearish trend which was organized by the above seen descending channel. Posted by Yasir Mubarak
The S&P GSCI Index reversed its 2011 gains in the last six consecutive trading sessions. Posted by Léa Torbey Meouchi
Nevertheless, the choice of finance minister will be as important as the choice of prime minister, in our view.
WTI Crude also fell below 95$ a barrel for the first time since December 2011 suggesting an oversupply of oil. Posted by Léa Torbey Meouchi
The GBPUSD pair was able to break the critical support level of 1.6080, which represents the neckline of a Head & Shoulders patter. Posted by Yasir Mubarak
Ongoing Greek DramaIn light of the current political turmoil in Greece, the EUR has gradually slipped to a three-month low at 1.2905 after a period of trading in a highly volatile range.
All Eyes on BoEPlenty of data coming from the US, and traders are pending news out of Greece and Spain. We expect fixed income to remain well supported, and further weakness in futures and equities.
Crude Oil Technical Overview 09-May-2012In general, the bearishness is in favor over short term basis as far as 100.70 holds. Posted by Yasir Mubarak
Political Situation in Greece Drives Risky Assets lowerConsidering the risk building in Europe, the EUR has held up surprisingly well.
GBPCHF Technical Overview 08-May-2012Breaching the support areas between 1.4625 and 1.4455 will be the first technical signal for the end of the upside correction and the return to resume the general downside trend. Posted by Yasir Mubarak
CAC Technical Overview 07-May-2012A break above 3545 will open the door towards 3880.
Greek Election Result Worry Traders A wave of anti-austerity election results has shifted the market’s attention away from the weak US payroll reports and has sent traders in search of safe-havens.
French and Greek electionsThe Greek elections resulted in one of the worst possible outcomes, in our view, and will add to the uncertainty.
US 10 Years Note" Technical Overview 04-May-2012The monthly chart shows that trading is trapped between pivotal support of 128.00 and the key resistance of 133.35. By Yasir Mubarak
On to BarcelonaExpectations are increasing for today’s ECB rate announcement and press conference.
Preview of the Greek electionsLess than a week before the Greek general election (May 6) the outcome remains uncertain.
Hermes International: results checksheetOutlook: No surprises. We currently model 10% organic sales growth in2012, slightly above the growth we model for the sector.
Spain Falls Back intoReleased today, Spains GDP shrank less than previously forecast at -0.3%, in the first quarter, officially entered its second recession since 2009.
Story of the week: things spinning in a wrong direction (again)It was not accidental that when the Spanish PM unilaterally raised a bar for this year’s budget deficit he got a harsh rebuke from no one else but Italy’s M.Monti.
ECB and Fed on the Sidelines Without the strong guiding hand of the Fed and ECB, EURUSD momentum will remain indecisive. By Peter Rosenstreich