- Eur/Usd Daily Analysis from 2 different Banks


Master Trader
Jan 11, 2011
Danske Bank: The bank reports that there was strong risk-aversion in the FX market on Friday due to rising conflict in Egypt. Although there is a lot on the economic calendar this week, including the ECB meeting, non-farm payrolls and ISM, they believe the markets will continue to closely watch the situation in Egypt. “Hence, the move lower in EUR/USD could very well continue the next couple of days. Last week, according to the IMM data published Friday, was a second week of extraordinarily large building of speculative long EUR/USD positions...Full Story at :