Forex Market Report 27th August 2010
Forex Currency: EUR/USD
News: Investors are waiting for the speech by U.S. Federal Reserve Ben Bernanke tonight, which limited the upside of the euro.
3 month Comment: Bearish
Open: 1.2713
Price: 1.2718
Forex Currency:GBP/USD
News: As speculation that the poor U.S. economic data may force the FED
3 month Comment: Bearish
Open: 1.5522
Price: 1.5501
Forex Currency:USD/JPY
News: Japan’s core CPI fell 1.1% in July, rising concern on deflationary risk , market risk picked-up and sending the yen higher.
3 month Comment: Consolidating
Open: 84.46
Price: 84.71
Forex Currency:USD/CAD
News: Crude oil prices surged more than 1% yesterday, which strengthened the Loonie
3 month Comment: Bullish
Open: 1.0572
Price: 1.0578
Forex Currency:USD/CHF
News: U.S. equities declined yesterday and market risks climbed, which supported the swiss franc.
3 month Comment: Consolidating
Open: 1.0238
Price: 1.0244
Forex Currency:AUD/USD
News: Australia’s private capital expenditure dropped 4% in the second quarter, trailed market estimates, which limited the upside of the Aussie.
3 month Comment: Bearish
Open: 0.8861
Price: 0.8862
Forex Currency:NZD/USD
News: New Zealand’s prime minster stated that exports may support the economic recovery.
3 month Comment:bearish
Open: 0.7031
Price: 0.7038
Due for release today is the GBP Revised GDP q/q, CHF KOF Economic Barometer, USD Prelim GDOP q/q and the USD Fed Chairman Bernanke Speaks.
