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Yohay

  1. GBP/USD Outlook May 28 – June 1

    by
    Yohay
    , 05-27-2012 at 03:34 PM
    The pound continued its sharp drop this week, as GBP/USD aiming to reach critical low support. The upcoming week has seven releases, including Manufacturing PMI. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

    A weak GDP release in the UK is pointing to a deeper recession than forecast. As well, talk of a Greek exit from the Euro-zone and a lacklustre response to the fiscal crisis in Europe is weighing on the pound, which had a miserable May, losing around six cents against the surging US dollar.
    Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-may-28-june-1/"]GBP/USD Outlook May 28 – June 1[/URL][/I][/B]
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  2. AUD/USD Outlook May 28 – June 1

    by
    Yohay
    , 05-27-2012 at 04:54 AM
    The Australian dollar managed to hold steady this week, but has still lost around six cents against the US dollar in the month of May. The upcoming week is quite busy, with nine releases. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD.

    AUD/USD has dropped sharply since the recent deep interest rate cut. The economy continues to suffer from the global slowdown, and the grim situation in the Euro-zone is weighing on the the aussie.

    Read the rest of the article [B][I][URL="http://www.forexcrunch.com/audusd-outlook-may-28-june-1/"]AUD/USD Outlook May 28 – June 1[/URL][/I][/B]
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