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Commodities Supportive for Majors by forexpros.com

Sameer Kapoor 8 February 2012

Hello traders! Stocks are higher, USD reached new lows against the majors during Asian sessions, and it seems that this type of a price action will continue this week, especially after a sharp impulsive break on Eur/Usd yesterday out of its 6-day consolidation range. USD weakness is also seen across the board because of higher commodities. Gold and oil are looking very bullish after reversal from the lows few sessions back.

Forex Analysis by Gregor Horvat at ForexPros. com