Daily Forex Technical & Fundamental Analysis: 22.07.2011

Dear Trader
The euro climbed to a two-week high of $1.4440 before steadying around $1.4390 on Friday after euro-zone officials agreed to a new $157 billion bailout plan for Greece, easing fears that the country's debt crisis would spread. Even with Greece's problems solved temporarilly, the euro still has plenty of other worries to deal with.
And with the approval of the euro zone on a new aid package to Greece, gold retreated to 1580 after achieving at the beginning of this week a record high reaching out 1600 dollars per ounce.

MBCFX Forex & CFDs Brokerage Firm