Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.

Visit Advisor Weblog

Starting the day

Posted on August 28, 2008

Hello everybody hope you are fine. Majors are slowly recovering grown against greenback, but with mixed results: while Euro raise helped by some hawkish remarks from ECB members that lowered chances of a rate cut, also supported by a rise in crude prices, the Pound remains weak all across the board. Meanwhile Japanese yen is likely to continue it s strength as Japan has been less affected by the global slowdown. Yet generally speaking majors remain in ranges for now, consolidating before next substantial move. I will post the levels I believe majors need to break trough in order to start t...

Original article link


euro , yen