Forex News

19.06.2007 - EUR/USD will be in the corridor 1.3359-1.35 this week
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Artem Enshin, NorthFinance financial analyst: “The forthcoming week will be monotonous due to absence of significant macroeconomic data and important events. At the moment EUR/USD is traded at 1.34. We expect its movement to 1.3350 - 1.35 this week.
Last week Japanese yen went through powerful level of resistance 122 and we observe further decline of yen against American dollar.
Cross-rates supported this movement, in particular EUR/JPY, which is traded now at 166, its 15-year maximums. GBP/JPY, in its turn, is also at 15-year maximums, 246, and if it breaks through 250, there are all chances for impetuous up-trend.
USD/RUR is at 25.9558. After continuous decline of ruble, there is slight correction. We expect the pair keeps 26.05-25.90 this week.
Oil, on the background of Middle East sores, rushed to the level of $70/a barrel, however, such a rise is short-term and the price is to go below %68. ”