Thread: Market overview
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Unread 11-11-2010, 09:50 AM
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11.11.10

Over all trading sessions today the Euro is still under pressure of worries on sovereign debts in European countries. The Eur/Usd could not break its resistance level and dropped back to a session low below 1.3700. Currently the pair is trying to regain.

The GBP found consolidation against the US dollar around the area of 1.6140. Because of being pulled back 2 days ago the pair did manage to rebound from the support level and now the pair consolidates.

Due to the figures of Chinese industrial production report which has showed the high demand of the oil in China, the oil contracts increased immensely.
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