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BFI: Currency market commentary

26.09.2008 09:28 piątek

Good morning. With great pleasure we would like to present our currency market forecasts for today.

EURUSD
Expected fall to 1,4550/60 and afterwards we should witness rise to 1,4620/4660 area.

GBPUSD
Drops to 1,8280/90 are very likely, however the rate is expected to bounce off this support line and return towards 1,8400/8440.

USDJPY
We maintain our yesterday's opinion and await decline towards 104,50. In case of a rise to 106,10 as well as 106,90/107,10 region we suggest opening short positions with take profit order set at 104,50.

USDCHF
Return to 1,0930 will be followed by a drop to 1,0840/1,0780 area.

For more comments and recommendations please visit our website www.bavariafund.com








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