Forex Market Report 14th August 2010
Currency: EUR/USD
News: Following the Federal Reserve announced it plans to reinvest the principal payments of maturing mortgage backed securities into the long-term Treasuries.
Comment: Bullish
Open: 1.2844
Price: 1.2912
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:1.5640
Price:1.5703
Currency: USD/JPY
News: The Bank of Japan kept its interest rates unchanged and it may not revise down its forecast. Which favored the Yen
Comment:Consolidating
Open:85.26
Price:85.41
Currency: USD/CAD
News: Yesterday, oil prices and U.S. equities weakened the loonie.
Comment:Bearish
Open:1.0469
Price:1.0447
Currency: USD/CHF
News: Global equities fell and market risks picked up. Which favored the CHF.
Comment:Consolidating
Open:1.0604
Price:1.0576
Currency: AUD/USD
News: As China’s import growth in July slowed to 22.7% year on- year.
Comment:Bullish
Open:0.8914
Price: 0.8988
Due for release today is the USD Unemployment Claims and NZD Retail Sales m/m.
