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iFOREX.bg - Daily Forecast 2 December 2008
iFOREX.bg - Daily Forecast 2 December 2008
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Technical Comments
Euro probably made a short term top around 1.3080 levels early last week and later plunged to the levels of 1.2621 in this morning’s session. The 4-hourly charts are highly oversold while the daily and hourly is showing selling pressures.
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Market Overview by Forex Yard
Economic News
* USD
USD Forecast to Gain Strength despite Upcoming Negative News Week
Starting the week on a positive note, the U.S. Dollar made small gains across the boards during today's early trading hours. Closing last week against the EUR at 1.2691,...
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Varengoldbank FX - Daily FX Report
This mornings Daily FX Report by the VarengoldbankFX trading desk team including a review of the Forex and currency markets, technical analysis, key pivot points and the daily economic calendar.
Click for the full report.
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AUD/USD - Australian Dollar US Dollar, European Session - 02/12/08
0,6372.
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EUR/AUD - Euro Australian Dollar, European Session - 02/12/08
1,9838.
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EUR/CAD - Euro Canadian Dollar, European Session - 02/12/08
1,5699.
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EUR/CHF - Euro Swiss Franc, European Session - 02/12/08
1,5200.
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EUR/JPY - Euro Yen, European Session - 02/12/08
117,51.
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EUR/USD - Euro Dollar, European Session - 02/12/08
1,2615.
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GBP/JPY - British Pound Yen, European Session - 02/12/08
138,60.
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GBP/USD - British Pound Dollar, European Session - 02/12/08
1,4864.
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USD/CAD - US Dollar Canadian Dollar, European Session - 02/12/08
1,2453.
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FX Levels for December 2, 2008
Overview
As expected, the markets turned overnight, however i didnt expect such a
sharp turn. We can expect this panic to extend into today before we see
a mid-week turn-around leading into US employment on Friday.
The Dollar Index futures contract...
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Forex Market Update
Bernanke talks up debt monetization as printing presses go into even higher gear. EURCHF finally notices a spike in the VIX.
RBA slices 100 basis points from Cash Target - Aussie under pressure. CAD strangely strong considering the circumstances.
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