Forex Market Report 19th August 2010
Forex Currency: EUR/USD
News: Investors worried that Greece’s budget-cutting plan may significantly affect the economy
3 month view: Bearish
Open: 1.2852
Price: 1.2810
Forex Currency: GBP/USD
News: BOE minutes tended to be neutral the pound as rebounded
3 month view: Consolidating
Open: 1.5594
Price: 1.5551
Forex Currency: USD/JPY
News: As investors predicted that the BOJ may conduct intervention over the yen’s appreciation.
3 month view: Consolidating
Open: 85.38
Price: 85.86
Forex Currency: USD/CAD
News: The M&A news supported the loonie’s trend
3 month view: Consolidating
Open: 1.0287
Price: 1.0298
Forex Currency: USD/CHF
News: Yesterday, global equities climbed and market risks receded, which suppressed the Swiss franc.
3 month view: Consolidating
Open: 1.0423
Price: 1.0440
Forex Currency: AUD/USD
News: The Reserve Bank of Australia hinted in the previous rate review minutes that the rate hike cycle would be halted, which limited the Aussie’s upside.
3 month view: Bearish
Open: 0.9054
Price: 0.9014
Forex Currency: NZD/USD
News: Global equities rose yesterday and market risks receded, which underpinned the kiwi.
3 month view: Bearish
Open: 0.7120
Price:0.7107
