Forex News – 11th November 2011

EUR
Euro crisis let leading betting firms to give odds on which country will drop out the
Euro-zone and whether Greece will return to the drachma by the end of 2012.

French, Canadian and US banks will be closed today, which means that slightly bigger moves
will be seen today on any major announcement.

Italy Senate vote on Budget at 1100GMT is the main focus for today, has the potential of
sparking a brief rally in EURUSD so worth paying attention to.

JPY

The BoJ is no longer active in the FX market but still monitoring the FX rates. USD/JPY
is now trading lower at Y77.41 and hisotry does show that after a direct FX intervention
the market will make a full correction.

Y77.10 is the next support, resistance at Y77.50.

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The review is presented for instructive purposes in condition it will not be the key factor for trading.
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