Technical & Fundamental Analysis: 26.05.2011

Dear Trader,

    

Major Currencies:

Yesterday the Euro pared losses following Finland’s approval for a bail out to Portugal seemingly rebounding the single currency for a short term. However, the uncertainty and the symposium over Greek’s restructuring plans weighed against short gains rendering therefore the currency volatile.

Elsewhere, the U.S. stock futures were down on Wednesday in tandem with Durable Goods’ negative data, signaling U.S.’s stalling economic recovery.

Commodities:

Crude Oil drops on concerns about weaker demand on gasoline.

Gold continues high enhanced by nagging euro zone debt jitters.