Majors Daily Forecast 16 May 2012

EUR/USD Sell at 1.2733 SL 1.2765 TP 1.2656 USD/JPY Buy at 80.35 SL 80.03 TP 81.07 GBP/USD Sell at 1.5976 SL 1.6008 TP 1.5888 USD/CHF Buy at 0.9432 SL 0.9400 TP 0.9516 today so far +38, total yesterday +70 pips.

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04:39 GMT By FXWire Pro
UK's Cameron - euro zone must make up or break up
04:34 GMT By FXWire Pro
ITALY PM -U.S. PRESIDENT OBAMA WORRIED ABOUT EURO ZONE CRISIS, EUROPEAN ISSUES WILL BE ON GB AGENDA
04:35 GMT By FXWire Pro
SENIOR IMF OFFICIAL -ITALY REFORMS HAVE BEEN DONE WITH BROAD POLITICAL SUPPORT, HOPE THIS A SIGN FOR THE FUTURE
04:35 GMT By FXWire Pro
SENIOR IMF OFFICIAL -BEST POLICY FOR ITALY IN EVENT OF TURMOIL OVER GREECE IS TO CONTINUE WITH REFORMS
04:23 GMT By FXWire Pro
Greek to face repeat election on June 17 - party source

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Forexperts

Fan Yang | 00:34 GMT

EUR/USD Has 1.2625 in Sight; Greek Re-Election versus Hollande Merkel Diplomacy

Traders are on a euro watch this week as political uncertainty is driving financial market tension. Today 5/15, a couple of key events headlines the press.

Mohammed Isah | 00:09 GMT

GBPJPY: Follows through Lower, Bears Target The 126.53 Level

With GBPJPY selling off and following through lower on the back of its Friday losses, the risk is for it to weaken further towards its key support located at the 126.53 level. Further down, support lies at the 125.

David Song | 08:28 GMT

EUR Tumbles As Greece Fails To Form Government, GBP To Resume Rally

The Euro pared the overnightadvance to 1.2868 as Greece fails to form a coalition government, and the single currency should continue to give back the advance f...

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By FXDD | Mar 12, 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 ...