Forex Market Report 11th August 2010
Currency: EUR/USD
News: Yesterday, the Federal Reserve announced its plan to reinvest the principal payments of maturing mortgage backed securities into the long-term Treasuries.
Comment: Bullish
Open: 1.3175
Current Price: 1.3064
Currency: GBP/USD
News: U.K. Nationwide Consumer Confidence Index in July fell to 56, which missed the market estimates and suppressed the pound
Comment: Bullish
Open: 1.5845
Current Price: 1.5783
Currency: USD/JPY
News: The Bank of Japan yesterday kept its interest rates unchanged and it may not revise down its forecast.
Comment: Consolidating
Open: 85.32
Current Price: 85.33
Currency: USD/CAD
News: Yesterday, oil prices and U.S. equities weakened the loonie.
Comment: Bearish
Open: 1.0302
Current Price: 1.0342
Currency: USD/CHF
News: Global equities fell yesterday and market risks picked up.
Comment: Consolidating
Open: 1.0482
Current Price: 1.0555
Currency: AUD/USD
News: As China’s import growth in July slowed to 22.7% year on- year.
Comment: Bullish
Open: 0.9126
Current Price: 0.9040
Currency: NZD/USD
News: Global equities fell yesterday and market risks picked up, and therefore the kiwi was undermined.
Comment: Bullish
Open: 0.7231
Current Price: 0.7187
Due for release today is the GBP Claimant Count Change, GBP BOE Gove King Speaks, GBP BOE Inflation Report, CAD Trade Balance and USD Trade Balance.
