View Full Version : EUR/ USD Daily Fundamental Analysis 28 May 2012

05-28-2012, 08:31 AM
Good morning all,

The euro edged up from lows after Greek opinion polls showed voters backing parties that support the European Unionís bailout helped to ease concern that the country will exit the currency bloc. Markets Uncertainty will persist and the EUR/USD price recovery remains vulnerable until the fate of Greece is clarified on June 17th. Only short-covering and profit taking will continue to support the single currency and any significant rally provides opportunity to short EUR/USD.

A firmer euro helped lift spot gold up and a weaker dollar helped to boost oil prices. Liquidity is expected to remain low today amid a lack of key economic data and a U.S. market holiday for Memorial Day.

Nice day trading ;)
Source http://www.mbcfx.com/news/news_en28_05.html