Finotec News Archive - June 2 2009
In Depth Analysis
EUR/JPY - Yen looking dominant against unproductive euro - The yen strengthened against the euro on speculation Japanese exporters brought home overseas earnings after the European currency reached an eight-week high.
Forex Pairs Daily Analysis
USD/CHF – Market strategy is bullish, buying from the 1.0700 level - Technical oscillators supporting the bullish trend for the USD/CHF currency pair
EUR/USD-market strategy can be a sell from the 1.4130$ level - Technical oscillators supporting the bearish trend for the EUR/USD currency pair
GBP/USD – Market strategy is bearish, selling down from the 1.6400$ level - Technical oscillators supporting the bearish trend for the GBP/USD currency pair
USD/JPY – Market strategy is bullish, buying from the 96.40 level - Technical oscillators supporting the bullish trend for the USD/JPY currency pair
Forex Daily Analysis
Euro set to drop as the rally may be in its last stages UBS says - The analysts reiterated forecasts for the euro to trade at $1.40 in one month’s time and weaken to $1.30 in three months
