Forex News – 4th November 2011

EUR

Greece confidence votw tonight grabs the main focus as well joined by the Non-farm payrolls. The referrendum has beencancelled, which cauused large gains in EUR/USD.

Further gains may only be achieved should the market take out $1.3860 level. Comments from G20 may assist in keeping EURUSD afloat but the Fx traders may truely express their opinions at 12:30 GMT when the nonfarm payrools are scheulded for release.

CAD

At 11:00am GMT the Employment data in Canada is due to be published. To profit from it be next to the computer a few minutes prior to the release. Should the data be much better or much lower than anticipated expect some clear movements in USD/CAD and EUR/CAD.

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