Market Review 24.12.12

Source: ForexYard

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The yen came within reach of a 20-month low against the US dollar in overnight trading, amid increased pressure on the Bank of Japan to adopt a more aggressive monetary easing policy.

The euro was able to recover some of its recent losses against the USD last night, and is once again trading above the 1.3200 level.

Both gold and silver also saw upward movement during Asian trading, while crude oil prices were largely flat to start off the week.

Main News for Today

With many markets already closed for the Christmas holiday, traders can anticipate low volatility in the marketplace, which could lead to seemingly random price shifts for little or no reason.

Read more forex news on our forex blog

Forex Market Analysis provided by ForexYard.

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