Daily Market Overview: USD/JPY

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 77.70
Daily minimum: 77.13

The pair continues trading within the 77-78.00 price corridor as the Japanese economic recovery remains fragile, though the forecast mean at 77.69 was hit today.

Daily Resistance: 77.77; 77.87; 77.94. 
Daily Sup port: 77.60; 77.53; 77.43. 
Daily Bias: Neutral.
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Thu, 08 Dec 2011 16:40:43 GMT

Daily Market Overview: USD/CHF

The pair continued moving upwards as the US economy posted the lowest jobless claims - 381,000 versus Bloomberg analysts' estimate 395,000 – indicating the jobs market in the US is improving. Thus, this has led to a breach of the forecast mean at 0.9246.

Thu, 08 Dec 2011 16:40:29 GMT

Daily Market Overview: GBP/USD

GBP/USD commenced the upward rally after the Bank of England kept its benchmark rate at the sa me level (0.50%) as the recovery remains weak. The daily forecast consensus at 1.5685 was breached today.

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