Forex Market Report 23rd July 2010
Currency: EUR/USD
News: German service PMI rose from 54.8 to 57.3 in July, the highest in almost three years, which supported the euro.
Comment: Bullish
Open: 1.2887
Current Price: 1.2878
Currency: USD/JPY
News: As global equities and oil prices surged yesterday, risk appetite picked-up and limited the upside of the Japanese yen.
Comment: Bearish
Open: 87.03
Current Price: 87.00
Currency: GBP/USD
News: As U.K. retail sales climbed 0.7% (M/M) in June, topped market estimates, and supported the pound.
Comment: Consolidating
Open: 1.5255
Current Price: 1.5284
Currency: USD/CHF
News: As global equities and oil prices surged yesterday, market risk picked-up and supported the Swiss franc.
Comment: Consolidating
Open: 1.0432
Current Price: 1.451
Currency: USD/CAD
News: Canada retail sales unexpectedly dropped 0.2% (M/M) in May, trailed market estimates, which limited the upside of the Canadian dollar.
Comment: Bearish
Open: 1.03771
Current Price: 1.0382
Currency: AUD/USD
News: As U.S. corporate earnings results were better-than expected yesterday, risk appetite picked-up and favored the high-yielders like Aussie.
Comment:Consolidating AUD
Open: 0.8932
Current Price: 0.8929
Currency: NZD
News: As speculation the Reserve Bank of New Zealand may hike rate by 25 bps in next Thursday, spurred interest rate expectation and supported the Kiwi.
Comment: Consolidating
Open: 0.7245
Current Price: 0.7242
