Finotec News Archive - June 18 2009

In Depth Analysis

EUR/USD - EUR takes full advantage of worn-out dollar - The dollar fell for a third day against the euro before a U.S. report that may show the Philadelphia region’s manufacturing shrank for a ninth month, adding to signs the Federal Reserve will keep interest rates low.

Forex Pairs Daily Analysis

USD/CHF – Market strategy is bearish, selling from the 1.0810 level - Technical oscillators supporting the bearish trend for the USD/CHF currency pair

EUR/USD-market strategy can be a buy from the 1.3900$ level - Technical oscillators supporting the bullish trend for the EUR/USD currency pair

GBP/USD – Market strategy is bullish, buying from the 1.6300$ level - Technical oscillators supporting the bullish trend for the GBP/USD currency pair

USD/JPY – Market strategy is bearish, selling from the 96.07 level - Technical oscillators supporting the bearish trend for the USD/JPY currency pair

Forex Daily Analysis

The Dollar falls against a basket of currencies investor say manufacturing shrank - The euro gained versus the sterling on speculation European Central Bank officials speaking tomorrow will signal they intend to refrain from cutting borrowing costs

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