Finotec News Archive - June 29 2009

Forex Weekly Analysis

GBP/USD [Technical Indicators] - GBP/USD Technical Indicators

In Depth Analysis

GBP/USD - Momentum holds U.S. dollar while sterling looks to recover. - Unemployment in the U.S. probably rose at a slower pace and the manufacturing slump eased this month as evidence mounted that the end of recession is in view, economists said before reports this week.

Forex Pairs Daily Analysis

USD/CHF – Market strategy is bearish, selling from the 1.0901 level - Technical oscillators supporting the bearish trend for the USD/CHF currency pair

EUR/USD-market strategy can be a buy from the 1.4021$ level - Technical oscillators supporting the bullish trend for the EUR/USD currency pair

GBP/USD – Market strategy is bullish, buying from the 1.6509$ level - Technical oscillators supporting the bullish trend for the GBP/USD currency pair

USD/JPY – Market strategy is bearish, selling from the 95.60 level - Technical oscillators supporting the bearish trend for the USD/JPY currency pair

Forex Daily Analysis

The Dollar rises against most majors as China say the currency may still dominate - China is unlikely to change the composition of its foreign- currency reserves any time soon

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