December 29, 2011 Forex Signals

The Euro (1.2940) fell to fresh 15-month lows against the dollar hitting an overnight nadir of 1.2857 as Italian bond yields rose. Investors sold the 17-nation currency after Italy sold less than its maximum target at an overnight debt auction, highlighting funding difficulties and bringing into sharp focus the region’s sovereign-debt crisis. Greenback strength is also driving currency movements at present as economic data from the world’s largest economy continues to show signs of improvement. Weekly jobless claims in the US for the week ending December 24 dropped to 375,000 – the lowest in over three years. Overnight, the greenback trod a familiar path against the Japanese Yen moving between a low of 77.63 and a high of 77.97.

 

Now, on to our open positions and new trades. Lets take a look at the specifics:

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