Forex-Metal Daily Analysis -24/06/2011

Forex-Metal

Master Trader
Jul 12, 2010
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Save-heaven assets are in demand.

Asian and European trading session:
Euro: Euro was under pressure on Thursday in anticipation of the EC summit of the Euro-zone leaders in Brussels. Decreased Asian stock markets pressured the high-risk currencies. As a result, the EUR/USD pair decreased to $1.4300 range.
EU leaders are holding a two-day summit to discuss Greece’s financing needs amid efforts by the nation to stay off default.
US Dollar: Greenback strengthened on Thursday as a save-heaven currency.
British Pound: The release of the negative UK statistics today pressured the pound. CBI reported sales for June showed an unexpected drop to -2 level against the forecasted increase to 12 mark. The sterling followed the weakened euro dynamics. The GBP/USD rate decreased to $1.6015 minimums.
Japanese Yen: The USD/JPY pair traded in the range of Y80.30-Y80.60.
Australian Dollar: The Australian dollar rate was lower today, as the Asian stock markets showed unexpected decrease .
Oil: Oil prices were set around the $94.23 mark per barrel.

American trading session:
US Dollar: Greenback was much stronger its major competitors today.
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