Daily Market Overview: EUR/JPY

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 104.52
Daily minimum: 103.78

EUR/JPY inched higher today on renewed hopes among investors the EU debt crisis solution will be elaborated during the Eurozone summit this Friday, causing the market mean at 104.07 to breach.

Daily Resistance: 104.44; 104.44; 105.14. 
Daily Support: 103.74; 103.34; 103.04. 
Daily Bias: Neutral.

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Wed, 07 Dec 2011 17:54:17 GMT

Daily Market Overview: GBP/USD

The British pound went lower today versus the American dollar after the UK economy posted less-than-expected Manufacturing and Industrial product at -0.7% and -0.3% versus 0.1% and 0.0% respectively. Thus, the daily target at 1.5605 has been pierced.

Wed, 07 Dec 2011 17:54:02 GMT

Daily Market Overview: EUR/USD

The shared European currency moved higher as the German and French top officials pledged to come up with a permanent EU debt crisis solution. As a result the market mean at 1.3390 has been breached.

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