Wednesday, 21 November 2012

Daily Afternoon Report 21/11/2012 | Forex Trading Analysis


The euro was unchanged against the U.S. dollar on Wednesday, as optimism that an agreement on a delayed bailout payment for Greece is close. The euro fell against the greenback earlier after talks between euro zone finance ministers and the International Monetary Fund concluded on Tuesday without reaching a deal on unlocking Greece’s bailout package, amid disagreements on how best to reduce the country’s debt to sustainable levels. Jean-Claude Juncker said that a deal was close, but he didn’t know when Athens would receive its next aid installment. The talks are set to continue next Monday. The pair showed reaction after the US Department of Labor announced the number of individuals filing for initial jobless benefits last week declined to a seasonally adjusted 410,000, in line with expectations. Jobless claims for the preceding week were revised up to 451,000 from a previously reported 439,000. Volumes are falling lower due to US Thanksgiving holiday on Thursday.

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