Monday, November 27, 2006

Forex News: This week’s nearest aim of euro is 1.3600

Forex News

“The situation at the Forexmarket is that large hedge bonds leave for New Year holidays,” Sergey Popov, NorthFinance financial analyst comments, “Thus, we should expect high volatility at the market and new historic readings of euro before the New Year.

This week’s nearest aim of euro is the level of 1.3600 with further rise to 1.3800 by the end of December.

We should also expect the close of British pound gap. Euro, Swiss franc and yen gaps have been already closed.

Today the correction to 1.3100 and low volatility of the market are expected due to absence of statistical data.”


Post a Comment

<< Home