Forex Market Report 24th August 2010
Forex Currency: EUR/USD
News: In July, European PMI composite declined to 56.1 from 56.7.
3 month Comment: Bearish
Open: 1.2645
Price: 1.2643
Forex Currency: GBP/USD
News: As speculation U.K. aggressive budget deficit cut may dampen the economic growth, suppressed the pound
3 month Comment: Bearish
Open: 1.5500
Price: 1.5408
Forex Currency: USD/JPY
News: As Japanese government and its central bank did not discuss the yen appreciation in the meeting, sending the yen higher.
3 month Comment: Consolidating
Open: 85.10
Price: 84.90
Forex Currency: USD/CAD
News: As crude oil and the U.S. equities kept declining yesterday, the Loonie was suppressed.
3 month Comment: Bullish
Open: 1.0518
Price: 1.0571
Forex Currency: USD/CHF
News: Global equities declined and market risks climbed, which supported the Swiss franc.
3 month Comment: Consolidating
Open: 1.0409
Price: 1.0412
Forex Currency: AUD/USD
News: As Australia formed a hung parliament in the Australia’s election, the Aussie was undermined
3 month Comment: Bearish
Open: 0.8905
Price: 0.8873
Forex Currency: NZD/USD
News: Global equities declined yesterday and market risks climbed, which suppressed the kiwi
3 month Comment: Bearish
Open: 0.7057
Price: 0.7031
Due for release today is the NZD Inflation Expectations q/q, CAD Core Retail Sales m/m and Existing Home Sales.
