Foreign Exchange (Forex) Market Report 21st July 2010
Currency: EUR/USD
News: Speculation that a German bank may not pass the
European banking stress test, which weighed on the Euro lower
Comment: Bullish
Open: 1.2890
Latest: 1.2895
Currency: USD/JPY
News: As U.S. equities and commodity prices surged
yesterday, risk appetite picked-up and suppressed the JPY
Comment: Bearish
Open: 87.43
Latest: 87.16
Currency:GBP/USD
News: U.K. showed a wider-than-estimated budget deficit and
lower mortgage approvals, which limited the upside of the pound
Comment: Consolidating
Open: 1.5274
Lattest: 1.5306
Currency:USD/CHF
News: Switzerland’s trade surplus rose to CHF 1.77 billion in June which supported the Swiss Franc
Comment: Consolidating
Open: 1.520
Latest: 1.0509
Currency:USD/CAD
News: The Bank of Canada cut Canada’s growth forecast and
signaled the pace of interest rate increases may slow,
which limited the upside of the CAD.
Comment: Bearish
Open: 1.0427
Latest: 1.0371
Currency:AUD/USD
News: As U.S. equities and commodity prices surged
yesterday, risk appetite picked-up and underpinned the AUD
Comment: Consolidating
Open: 0.8837
Latest: 0.8844
Currency:NZD
News: As U.S. equities and commodity prices surged
yesterday, risk appetite picked-up and underpinned the NZD
Comment:Consolidating
Open: 0.7172
Latest: 0.7187
