Forex News

Worries coming from the rest of the world that the US is being too onerous on its banks, which is somewhat affecting the currency markets.  G7 did not come out with a concrete plan, but did say they will make sure that Greece will respond and begin to tackle its fiscal deficit.

EURUSD is going to trade higher today and would be a good buy. EURJPY is a good buy as well. USDCHF is in overbought territory and should be sold at this level.