An overall view of the market shows that it is moving in a range. There are more potentials for Scalping and follow by Intra day.
There will be news release for EUR at 4pm and GBP at 4:30pm. Expect the market to move more from 4pm on EUR USD.
FX news
Thursday, June 25, 2009
Big news overnight in the FX world was the moves in EURCHF defending 1.5000 levels and USDCHF 1.065 which smacks of SNB
intervention, reminiscent of BOJ interventions in USDJPY in 2003-2004.
FOMC meeting - the flavor of the Fed's outlook was unchanged. It continued to expect economic activity "to remain weak for a
time" and see a "gradual resumption of sustainable economic growth." Increased risk of inflation as the Fed dropped the
'downside risk to inflation' references. - Saxobank
intervention, reminiscent of BOJ interventions in USDJPY in 2003-2004.
FOMC meeting - the flavor of the Fed's outlook was unchanged. It continued to expect economic activity "to remain weak for a
time" and see a "gradual resumption of sustainable economic growth." Increased risk of inflation as the Fed dropped the
'downside risk to inflation' references. - Saxobank
USDJPY Downclose Day 22 June 2009
Monday, June 22, 2009
Dear all,
expecting USDJPY to be have more downside potential as continues on its follow through.
More seller's advantage for today as sellers try to break the support at 95.30 to close as a bigger downclose day.
Regards,
Siwei.
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