Forex Market Report 20th August 2010
Forex Currency: EUR/USD
News: Several US economic figures missed market estimates yesterday and the rising market risks prompted liquidity inflow to US bonds.
3 month Comment: Bearish
Open: 1.2815
Price: 1.2807
Forex Currency: GBP/USD
News: UK retail sales rose 1.1% in July and the forecast beating figure boosted the pound
3 month Comment:Consolidating
Open: 1.5589
Price: 1.5551
Forex Currency: USD/JPY
News: Global equities retreated yesterday and market risks climbed, which favored the yen.
3 month Comment: Consolidating
Open: 85.30
Price: 85.31
Forex Currency: USD/CAD
News: As crude oil and the U.S. equities kept declining yesterday.
3 month Comment: Consolidating
Open: 1.0394
Price: 1.0328
Forex Currency: USD/CHF
News: Global equities declined yesterday and market risks climbed, which supported the Swiss franc.
3 month Comment: Consolidating
Open: 1.0317
Price: 1.0325
Forex Currency: AUD/USD
News: Since investors worry the emergence of hung parliament amidst the Australia’s election, the Aussie was undermined.
3 month Comment:Bearish
Open: 0.8915
Price: 0.8907
Forex Currency: NZD/USD
News: Global equities declined yesterday and market risks climbed
3 month Comment:Bearish
Open: 0.7070
Price:0.7061
Due for release today is the CAD Core CPI m/m.
