Wednesday November 25, 2009 - 10:59:04 GMT
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GVI Forex Discussion Points 25 November 2009 Early
The Daily Forex View
25 November 2009
Daily Edition for 25 November 2009
11:00 GMT- TRADING SCENARIO: Heading into an active day for data on effectively the final trading day of the week for the U.S., the USD has broken through 1.50 resistance in the lead EURUSD pair. U.S. data has been pushed forward to today due to the holiday.
Another focus today has been the relentless strength of the JPY despite questionable Japanese economic fundamentals. Their is no doubt that the change in government in Japan has resulted in a new more flexible policy in terms of a stronger JPY.
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