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Finotec News Archive - May 6 2009

Forex Pairs Daily Analysis

USD/CHF – Market strategy is bearish, selling from the 1.1350 level - Technical oscillators supporting the bearish trend for the USD/CHF currency pair

EUR/USD-market strategy can be a sell from the 1.3320$ level - Technical oscillators supporting the bearish trend for the EUR/USD currency pair

GBP/USD – Market strategy is bearish, selling down from the 1.5100$ level - Technical oscillators supporting the bearish trend for the GBP/USD currency pair

USD/JPY – Market strategy is bearish, selling from the 98.70 level - Technical oscillators supporting the bearish trend for the USD/JPY currency pair

Forex Daily Analysis

The Dollar gains as a safe haven on speculation that U.S banks will need more funds - The euro fell the most in more than a week against the yen on concern the European Central Bank tomorrow will cut interest rates

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