Forex Market Report 27th July 2010
Currency: EUR/USD
News: The U.S. new home sales unexpectedly rose 23.6% and the improved sentiment supported the euro.
Comment: Bullish
Open: 1.2986
Current Price: 1.3018
Currency: USD/JPY
News: As global equities surged yesterday, risk appetite picked-up and limited the upside of the Japanese yen.
Comment: Bearish
Open: 86.96
Current Price: 87.01
Currency: GBP/USD
News: On speculation that the Bank of England may hike rates earlier, the pound tested upper at 1.55
Comment: Consolidating
Open: 1.5481
Current Price: 1.5416
Currency: USD/CHF
News: As global equities surged yesterday, market risk picked-up and limited the upside of the Swiss franc.
Comment: Consolidating
Open: 1.0488
Current Price: 1.0485
Currency: USD/CAD
News: The positive U.S. new home sales eased investors’ concern over Canadian exports’ impact by the U.S. housing market, which underpinned the Canadian dollar.
Comment: Bearish
Open: 1.0316
Current Price: 1.0311
Currency: AUD/USD
News: Investors expect the Australia’s inflation rate will climb that may prompt the rate hike again by the RBA, which supported the AUD .
Comment: Bullish
Open: 0.9018
Current Price: 0.9027
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: 0.7330
Current Price: 0.7349
