Forex Market Report 26th August 2010
Forex Currency: EUR/USD
News: German IFO business climate unexpectedly rose to 106.7 in August.
3 month Comment: Bearish
Open: 1.2702
Price: 1.2696
Forex Currency: GBP/USD
News: After Ireland’s credit rating was cut, liquidity flow from Euro Zone to U.K., which supported the pound.
3 month Comment: Bearish
Open: 1.5562
Price: 1.5558
Forex Currency: USD/JPY
News: Japanese Finance Minister Yoshihiko Noda repeated he would respond to yen moves when necessary, which suppressed the yen.
3 month Comment: Consolidating
Open: 84.70
Price: 84.69
Forex Currency: USD/CAD
News: U.S. equities and crude oil prices rose yesterday, which supported the Loonie.
3 month Comment: Bullish
Open: 1.0564
Price: 1.0576
Forex Currency: USD/CHF
News: Global equities declined yesterday and market risks climbed, which supported the swiss franc.
3 month Comment: Consolidating
Open: 1.0304
Price: 1.0304
Forex Currency: AUD/USD
News: Australia’s conference board leading index rose 0.1% in June, trailed market estimates, which limited the upside of the Aussie.
3 month Comment: Bearish
Open: 0.8862
Price: 0.8865
Forex Currency: NZD/USD
News: U.S. equities and crude oil prices rose yesterday, risk appetite picked-up and supported the Kiwi.
3 month Comment: Bearish
Open: 0.7031
Price: 0.7032
Due for release today is the AUD Private Capital Expenditure q/q and the USD Unemployment Claims.
