Forex Market Report 10th August 2010
Forex Currency: EUR/USD
News: As investors are waiting for the Fed’s rate review this week and may have closed out their short positions on the Dollar
Comment: Bullish
Open: 1.3224
Price: 1.3154
Forex Currency: GBP/USD
News: U.K.’s RICS housing price survey in July fell to -8% which weakened the pound
Comment: Bullish
Open: 1.5900
Price: 1.5799
Forex Currency: USD/JPY
News: Global equities rose yesterday and market risks receded which weakened the YEN
Comment: Consolidating
Open: 85.92
Price: 85.91
Forex Currency: USD/CAD
News: As oil prices and U.S. equities rose yesterday, the loonie was supported.
Comment: Bearish
Open: 1.0272
1.0304
Forex Currency: USD/CHF
News: Global equities rose yesterday and market risks receded which weakened the Swiss Franc
Comment: Consolidating
Open: 1.0486
Price: 1.0540
Forex Currency: AUD/USD
News: As investors worry China may release weak economic data this week, the Aussie was weakened.
Comment: Bullish
Open: 0.9158
Price: 0.9114
Forex Currency: NZD/USD
News: New Zealand’s housing prices posted the lowest growth since last December.
Comment: Bullish
Open: 0.7284
Price: 0.7217
Due for release today is the JPY BOJ Press Conference, CAD Housing Starts, USD FOMC Statement, USD Federal Funds Rate and CNY CPI y/y.
