Forex Market Report 1st October 2010
Forex Currency:EUR/USD
News: European economic confidence outlook unexpectedly rose to 103.2 in September, which underpinned the euro.
3 month Comment: Bullish
Open: 1.3629
Price: 1.3675
Forex Currency:GBP/USD
News: U.S. mortgage approval dropped to 47,400 in August, less than expected, which suppressed the pound.
3 month Comment: Consolidating
Open: 1.5791
Price: 1.5766
Forex Currency:USD/JPY
News: The yen was supported on investors’ rising expectation the Federal Reserve may expand the quantitative easing measures.
3 month Comment: Bearish
Open: 83.49
Price: 83.38
Forex Currency:USD/CAD
News: As U.S. equities retreated yesterday, risk aversion picked-up and undermined the Loonie.
3 month Comment: Bearish
Open: 1.0299
Price: 1.0297
Forex Currency:USD/CHF
News: KOF swiss leading indicator slightly dropped to 2.21 in September and the swiss franc’s upside was capped.
3 month Comment: Bearish
Open: 0.9831
Price: 0.9811
Forex Currency:AUD/USD
News: China PMI manufacturing rose to 52.9 in September, a second straight month rise, which supported Aussie.
3 month Comment: Bullish
Open: 0.9653
Price: 0.9700
Forex Currency:NZD/USD
News: New Zealand’s home-building approvals slumped 17.8% to a 13-month low in August, which suppressed the Kiwi.
3 month Comment: Consolidating
Open: 0.7337
Price: 0.7393
