Forex Market Report 6th 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, which supported the euro.
3 month Comment: Bearish
Open: 1.2895
Price: 1.2912
Forex Currency: GBP/USD
News: UK’s PMI construction index unexpectedly fell to 52.1 in August
3 month Comment: Bearish
Open: 1.5445
Price: 1.5477
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: 84.28
Forex Currency: USD/CAD
News: U.S. stocks and crude oil soared yesterday, which limited the downside of the CAD.
3 month Comment: Consolidating
Open: 1.0391
Price: 1.0377
Forex Currency: USD/CHF
News: As global equities rose and market risks receded yesterday, the Swiss franc was undermined.
3 month Comment: Consolidating
Open: 1.0163
Price: 1.0148
Forex Currency: AUD/USD
News: Australia’s trade surplus narrowed to AUD 1890 million, which limited the upside of the AUD million, which limited the upside of the AUD.
3 month Comment: Bullish
Open: 0.9170
Price: 0.9167
Forex Currency: NZD/USD
News: Global equities rose and market risks receded yesterday, which supported the NZD.
3 month Comment: Bearish
Open: 0.7211
Price: 0.7232
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