Finotec News Archive - May 22 2009

Forex Weekly Analysis

The Dollar falls to $1.40 against the Euro for the first time since January - The euro may keep rising against the yen after the 50-day moving average for the currency pair climbed through the 200-day moving average

Forex Pairs Daily Analysis

USD/CHF – Market strategy is bearish, selling from the 1.0900 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 1.5700$ level - Technical oscillators supporting the bullish trend for the GBP/USD currency pair

USD/JPY – Market strategy is bearish, selling from the 94.40 level - Technical oscillators supporting the bearish trend for the USD/JPY currency pair

Forex Daily Analysis

Dollar falls versus the Euro on credit concerns and investors risk appetite - The yen rose to a nine-week high versus the dollar after Japan’s Finance Minister Kaoru Yosano said the government won’t intervene

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