Forex Market Report 23rd August 2010
Forex Currency: EUR/USD
News: Several US economic figures missed market estimates last week and the rising market risks suppressed the Euro.
3 month Comment: Bearish
Open:1.2705
Price: 1.2727
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: 1.5530
Price: 1.5590
Forex Currency: USD/JPY
News: Global equities retreated and market risks climbed, which favored the yen.
3 month Comment: Consolidating
Open: 85.56
Price: 85.36
Forex Currency: USD/CAD
News: As crude oil and the U.S. equities kept declining the Loonie was suppressed.
3 month Comment:Consolidating
Open: 1.0459
Price: 1.0469
Forex Currency: USD/CHF
News: Global equities declined and market risks climbed, which supported the Swiss franc.
3 month Comment: Consolidating
Open: 1.0335
Price: 1.0327
Forex Currency: AUD/USD
News: The emergence of a hung parliament in Australia’s election, the Aussie was undermined
3 month Comment: Bearish
Open: 0.8940
Price: 0.8917
Forex Currency: NZD/USD
News: Global equities declined and market risks climbed which suppressed the kiwi
3 month Comment: Bearish
Open: 0.7063
Price: 0.7061
