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Friday, July 2, 2010
EUR/USD
The pair quickly gained strength this European morning, currently trading at 1.2295. We expect some down correction now, but see the overall bidding mood intact for today, leading to the 1.2360 mark.
GBP/USD
Continuing its downtrend in early European trading, cable is priced right now at 1.4930 in a smaller up correction. We expect the market to hold above the 1.4900 mark today and reckon with prices around 1.4980 later in the day.
USD/CHF
In an undecisive market this European morning, the dollar is currently trading at 1.0702 against the Swiss franc. We see a sideways trend for today, between 1.0750 and 1.0700.
USD/JPY
After reaching lows near the 88.10 mark against the yen in Asian trading hours today, the dollar recovered slightly to now 88.35 in the European morning. We see an uptrend emerging today, leading to levels around 88.60.
