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Currency Analyst since 2010

Dec. 1: MARKET REVIEW

EUR/USD: The pair is trading in the 1.2450 area.

GBP/USD: The pair tested 1.5585. Britain will release manufacturing PMI at 09:30 GMT.

USD/JPY: The pair tested levels above 119.00 rising to the highest levels since July 2007. Yen is declining as the falling oil prices strengthen the fears of deflation in Japan.

AUD/USD: The pair opened with a gap down and tested 0.8417. Official manufacturing PMI indicated slowing growth in China.

NZD/USD: The pair gapped down and tested 0.7776.

EUR/CHF: The pair opened with a gap up at 1.2035 + Gold opened with a gap down and tested 1142.15 before recovering to 1151.85: Swiss voters reject boost to gold reserves.

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