Forex News – 25th November 2011

EUR

Credit rating agencies rule the FX market
Moodsy’s revecently downgraded Portugal’s and Hungary’s credit rating, handing the
euro to the market’s sellersm forcing the pair to revists its $1.3000 region
Despite thin market conditions Itayl’s auction results will be published around
10:10am GMT and is the main focus for today
Weak sales may increase the seeling pressure on EUR/USD while a strong postitive sale
may boost the demand for the currency
JPY
BoJ Masaaki affirmed the strong yen is hitting the Japanese economy, spreading specualtions
of further easing measures, possibly FX intervention that pumped USDJPY higher.
Key level to watch today is Y77.28, which if gives away expected to increase further declines
in the pair, possibly towards Y77.18.
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conditions will only be the concluded conditions when executing the trade.The review is presented for instructive purposes in condition it will not be the key factor for trading. The contents of thispublication should not be construed as an express or implied promise, guarantee Or implication by Bloombex-options.

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