{"id":9692,"date":"2010-05-25T08:59:29","date_gmt":"2010-05-25T12:59:29","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9692"},"modified":"2010-05-25T08:59:29","modified_gmt":"2010-05-25T12:59:29","slug":"forex-market-review-05252010","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/25\/forex-market-review-05252010\/","title":{"rendered":"Forex Market Review 05\/25\/2010"},"content":{"rendered":"<p><strong><strong>Market    Analysis <strong><strong><strong><\/strong><\/strong><\/strong><strong><strong><strong><strong><a href=\"http:\/\/system.referforex.com\/processing\/clickthrgh.asp?btag=a_1391b_3739\" target=\"_blank\"><strong>by Finexo.com<\/strong><\/a><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/p>\n<p><span style=\"font-family: Verdana;\">Upcoming Sessions (all times GMT)<br \/>\n\u2022\u00a0GBP Revised GDP  (0830)<br \/>\n\u2022\u00a0USD Consumer Confidence (1400)<\/span><\/p>\n<p><span style=\"font-family: Verdana;\">A late selloff of US equities has caused risk aversion to  return to the markets as Asian and Pacific stock indexes have tanked. As  such, riskier currencies across the board have sunk against the USD,  with the AUD especially being hit hard. The Aussie slipped 1.0% in early  trading session, to hit 0.8200. <\/span><\/p>\n<p><span style=\"font-family: Verdana;\"><strong>EURUSD<\/strong><br \/>\nThe  Euro fell for a second day in a row against the greenback as concerns  rose that the European debt crisis is far from over. Yesterday the  International Monetary Fund publically urged Spain to take stronger  action towards helping its failing banks, reinforcing the notion the  traders should short every EURUSD rally until concrete evidence emerges  that the EU\u2019s credit problems have finally stabilized.<br \/>\nSupport\/Resistance  1.2280\/1.2430<\/span><\/p>\n<p><span style=\"font-family: Verdana;\"><strong>GBPUSD<\/strong><br \/>\nThe British Pound  continued to slip against the U.S Dollars as investors grew more  skeptical about the UK\u2019s proposed budget cuts.\u00a0 However, with so many  one sided positions in the market, the GBPUSD could very well reverse  its latest downwards trend if today\u2019s GDP is better than expected.<br \/>\nBeyond  the intraday resistance of 1.4465, lies a strong resistance at the  1.4530 level.<br \/>\nSupport\/Resistance 1.4340\/1.4465<\/span><\/p>\n<p><span style=\"font-family: Verdana;\"><strong>GOLD <\/strong><br \/>\nRenewed global concerns about the European Debt  Crisis and its single currency have once again pushed investors towards  more \u201crisk adverse\u201d assets \u2013 namely Gold. This \u201csafe haven\u201d metal can  also attribute some of its sudden gains to this morning\u2019s New Zealand  Inflation Expectation that was higher than expected. The 1200 is back in  play, and any move above this key price could lead to follow through  buying towards the 1225 level.<br \/>\nSupport\/Resistance 1185\/1200<\/span><\/p>\n<p><span style=\"text-decoration: underline;\"><strong><a href=\"http:\/\/system.referforex.com\/processing\/clickthrgh.asp?btag=a_1391b_3739\" target=\"_blank\">Forex  Market Review &amp; Analysis by                             Finexo.com<\/a><\/strong><\/span><\/p>\n<p>Disclaimer: Trading the foreign exchange (Forex) carries a high level                              of risk, and may not be suitable for all         investors.     All        information and opinions contained on  this        website are to   be   used     for     general informational   purposes       only and do not     consitute    investment       advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Finexo &#8211; A late selloff of US equities has caused risk aversion to return to the markets as Asian and Pacific stock indexes have tanked. As such, riskier currencies across the board have sunk against the USD&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9692","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9692"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9692\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}