Global Forex News for the week. We offer this perspective for you to stay abreast of the futures and forwards forex market.

Current foreign currency exchange news for EURUSD quotes; Oil, gold and currency movement expressions and trend charts.

Locking down the reasons why the ask and bid price for currency quotes are staggered

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live trading data for May 19, 2012

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Greeces Fate in the Balance

Last weeks currency trading review

The EUR/USD is dominating the currency market and the headlines lately with political deadlock in Greece and a new push from the left to spend more money and focus on Growth rather than debt. The Greece political talks post elections are still continuing and as of writing no breakthrough seems likely. If Greece is set to leave the Eurozone than the potential contagion risk will pressure the EUR/USD and global stocks until a clear result is seen.

EUR/USD was down -1.26% currently at 1.2918, after opening the week at 1.3081.

USD/JPY was up flat currently at 79.92, after opening at 79.86.

GBP/USD is down -0.55% currently at 1.6066 after opening at 1.6154

AUD/USD is down -1.57% currently at 1.0018 after opening at 1.0175.

This Weeks Trading Preview

Trend of the Week:-

EUR/USD

14/05/2012 01:09

1 week Trend: (=)

1 month Trend: (=)

EUR/USD intraday: capped by a negative trend line.

Pivot: 1.2925