{"id":9718,"date":"2010-05-26T09:20:28","date_gmt":"2010-05-26T13:20:28","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9718"},"modified":"2010-05-26T09:20:28","modified_gmt":"2010-05-26T13:20:28","slug":"forex-market-review-05262010","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/26\/forex-market-review-05262010\/","title":{"rendered":"Forex Market Review 05\/26\/2010"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><strong>Market Analysis <a href=\"http:\/\/system.referforex.com\/processing\/clickthrgh.asp?btag=a_1391b_3739\" target=\"_blank\">by Finexo.com<\/a><\/strong><\/span><\/p>\n<p>Upcoming Sessions (all times GMT)<br \/>\n\u2022 USD Durable Goods Orders (12:30)<br \/>\n\u2022 USD New Homes Sales (14:00)<\/p>\n<p>With North Korea pushing the world closer towards another war, causing global stock indexes to sink and fueling risk selling, the US swiftly responded to ease the tension. However, this time around it wasn\u2019t with tanks or F-16 fighter jets, but with the strength of its stock markets. US indexes managed to recover from its huge prior losses, and return to near <a href=\"http:\/\/system.referforex.com\/processing\/clickthrgh.asp?btag=a_1391b_3739 \"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"http:\/\/www.countingpips.com\/Images\/BlogImages\/Finexo-Ad300.gif\" alt=\"\" width=\"323\" height=\"325\" \/><\/a>changed levels &#8211; fueling risk appetite amongst Forex traders.<\/p>\n<p>Up ahead, currency traders will want to watch European stock indexes for a similar sign of recovery. The US economy will be today\u2019s primary focus as all significant Housing and Manufacturing figured will be released.<\/p>\n<p><strong>EURUSD<\/strong><br \/>\nAfter slipping to hit a new fresh-intraday low, the EUR\/USD managed to reverse it\u2019s downwards trend and recover.\u00a0 The key for the EURUSD today is whether the pair will hold above the 1.2250 level. If the pair slips below this key technical level, it could very well push invertors to quickly return to selling the EUR &#8211; wiping out yesterday\u2019s entire positive move.<br \/>\nSupport\/Resistance 1.2250\/1.2387<\/p>\n<p><strong>GOLD<\/strong><br \/>\nGold traded above 1200, as the precious metal continued to attract buyers by demonstrating that it can rally both rising in risk appetite and in risk aversion markets. As such, traders will want to be watching to see whether the $1200 level holds and whether rising demand in the metal continues. Below 1200, Gold also continues to have very solid support at 1185.<br \/>\nSupport\/Resistance 1185,1200\/1225,1250<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><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><\/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; Gold traded above 1200, as the precious metal continued to attract buyers by demonstrating that it can rally both rising in risk appetite and in risk aversion markets. As such, traders will&#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-9718","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9718","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=9718"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9718\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}