Forex: US Dollar Index off session highs

FXstreet.com (Barcelona) – The greenback, measured by the US Dollar Index, is retracing early gains after hitting a 4-month high at 81.83 in the European morning. Risk aversion has been

Euro At Risk On Spanish Bank Downgrades, Pound Searches For Support

Market sentiment weakened further on Thursday amid the ongoing turmoil in the euro-area, and the flight to safety may gather pace going into the end of the week as European policy makers fail to stem the risk for contagion.

Guest Commentary: Gold & Silver Daily Outlook 05.17.2012

Gold and silver tumbled down again during yesterday along with other commodities prices. On today’s agenda: U.S. Jobless Claims Update, Philly and Fed Manufacturing Survey.

Sidelined for Thursday

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Sidelined for Thursday

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US Dollar / Yen – 17/05/2012 11:04 GMT

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.

European Leadership Needs to Step Up and Respond Immediately

While a Greek exit alone from the Euro would be a manageable setback, the impact from such an exit would be catastrophic….

Crude Oil, Gold May Recover as Greece Eurozone Exit Fears Digest

Commodity prices have scope to recover amid profit-taking as markets digest the latest batch of negative Greece-linked news flow.

Euro Consolidates Following 2nd Straight Spanish Economic Contraction

Severe austerity measures sees Spanish GDP drop for a second quarter…..

Technical Outlook for Major Currencies – May 17, 2012

Euro daily studies are now highly oversold, but unless the market can break and close back above 1.2780, the risks remain for additional declines to the 2012 lows by 1.2625.

Euro Crashes to Four-Month Low Against US Dollar

LONDON, May 17, 2012 /PRNewswire/ –The euro has suffered a serious battering this week, tumbling to a four-month low of $1.2747 against the US dollar on Wednesday, May 16, as investors study the Greek …