Technical & Fundamental Analysis: 02.06.2011
Yesterday, the market news were positive for the euro specifically those enhancing the economic recovery and the upbeat steps for easing debt problems, with
being in the spot light. This optimism strengthened the EUR at the expense of the USD during May. Additionally, the approval of Greece ’s austerity plans hyphened its strength. Greece
Elsewhere, Oil prices rose and investors are eying all dollar data and its relation to the optimism of debt restructuring solutions.
Also gold prices are still in continuous rise this week as it reached yesterday 1541.9.
Posted by MBCFX