Forex Market Report 3rd September 2010
Forex Currency: EUR/USD
News: European Central Bank kept interest rate unchanged yesterday, and revised up the economic growth forecast in the after meeting minutes.
3 month Comment: Bearish
Open: 1.2824
Price: 1.2816
Forex Currency: GBP/USD
News: UK’s PMI construction index unexpectedly fell to 52.1 in August
3 month Comment: Bearish
Open: 1.5392
Price: 1.5415
Forex Currency: USD/JPY
News: As global equities rose and market risk receded yesterday, the yen was undermined.
3 month Comment:Consolidating
Open: 84.29
Price: 84.26
Forex Currency: USD/CAD
News: U.S. stocks and crude oil soared yesterday, whichlimited the downside of the CAD.
3 month Comment:Consolidating
Open: 1.0529
Price: 1.0535
Forex Currency: USD/CHF
News: As global equities rose and market risks receded yesterday, the swiss franc was undermined.
3 month Comment:Consolidating
Open: 1.0131
Price: 1.0133
Forex Currency: AUD/USD
News: Australia’s trade surplus narrowed to AUD 1890 million, which limited the upside of the AUD.
3 month Comment:Bullish
Open: 0.9106
Price: 0.9067
Forex Currency: NZD/USD
News: Global equities rose and market risks receded yesterday, which supported the NZD.
3 month Comment:Bearish
Open:0.7146
Price: 0.7136
Due for release today is the GBP Services PMI, USD Non-Farm Employment Change, USD Unemployment Rate and ISM Non-Manufacturing PMI.
