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| Global Interest Rates | |||
 Australia |
3% | ||
 Canada |
0.25% | ||
 EMU |
1% | ||
 Japan |
0.1% | ||
 Swiss |
0.25% | ||
 England |
0.5% | ||
 US |
0.25% | ||
Data by fxstreet.com
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Technical Analysis Reports
US assets buying hold the dollar gains
Forex Daily Strategy by FS Team
18 Nov, 2008 @ 01:37 am ET
FS Team
EUR/USD (1.2590)
European & US sessions forecast levels: 1.2390/1.2855
Trend Sessions: European: Neutral/Downward
US: Neutral
Market Focus: 8:30 AM PPI, Core PPI, 9:00 AM Net Foreign Purchases, 4:00 AM Italian Trade Balance.
Daily Strategy: The dollar remains mix against the major currencies including euro. The recession is in Europe, USA and Japan. The global economy is in recession. In world recession the investors buy more of the safest U.S. assets. The key news today for the traders will be US Net Foreign Purchases. The dollar may continue slowly gain against the euro in the coming hours. It is expecting levels of 1.24 for the coming hours or few days while the support at 1.2390 and 1.2330 is very strong.
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