The Euro pushes higher versus the Greenback, but Spain worries cap gains

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Source: Forexpros

On Tuesday, the Euro edged higher versus the U.S. Dollar, but gains seemed to be capped by worries over rising Spanish bond yields. EUR/USD peaked at 1.2616 in the late Asian trading hours, and later consolidated at 1.2589, gaining 0.10%. The pair's support was likely to be at 1.2541, and resistance may be at 1.2663.

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Tue, 19 Jun 2012 10:00:58 GMT

USD/JPY falls on Spanish woes

The Greenback edged lower versus the Japanese Yen on Tuesday, since investors were cautious about rising borrowing costs for Spain and looking for safe havens. USD/JPY hit the bottom at 78.93, and later consolidated at 78.96, losing 0.19% during the early European trading session. The pair's support could be at 78.60, while resistance was likely to be found at 79.50.

Tue, 19 Jun 2012 08:41:58 GMT

Gold remains flat on Spanish debt concerns

On Tuesday, futures for gold erased losses and were traded steady during Asian trading session, as investors were focused on Spanish debt problem rather than on market-friendly elections in Greece. On the NYMEX, August delivery futures for gold were traded at USD1,627.45 per troy once, adding 0.03%. Earlier, contracts peaked at USD1,629.75 and hit the bottom at USD1,626.95.

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