Forex Market Report 28th July 2010
Currency: EUR/USD
News: The U.S. consumer confidence fell to 50.4 in July, the lowest level in five months. Risk aversion picked-up, which supported the greenback.
Comment: Bullish
Open: 1.3000
Current Price: 1.3020
Currency: USD/JPY
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the yen.
Comment: Bearish
Open: 87.85
Current Price: 87.86
Currency: GBP/USD
News: Confederation of British Industry showed U.K. retail sales rose at the fastest pace in more than three years in July, which supported the pound.
Comment: Consolidating
Open: 1.5595
Current Price: 1.5589
Currency: USD/CHF
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the swiss franc.
Comment: Consolidating
Open: 1.0599
Current Price: 1.0590
Currency: USD/CAD
News: As U.S. equities and crude oil prices retreated yesterday, the risk appetite receded and limited the upside of the Loonie.
Comment: Bearish
Open: 1.0349
Current Price: 1.0317
Currency: AUD/USD
News: Core Inflation slows for the June quarter reducing the chances of interest rate rises, limiting the upside for the AUD
Comment:Consolidating
Open: 0.9006
Current Price: 0.8943
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: Bullish
Open: 0.7319
Current Price: 0.7290
