Forex Market Report 3rd March 2011
Forex Currency: EUR/USD
News:As European Central Bank President Trichet reiterated his inflation concern yesterday, the Euro was supported.
3 month Comment:Bul0lish
Open:1.3863
Price:1.3873
Forex Currency:GBP/USD
News:The Pound was supported as the Bank of England’s previous rate minutes showed three members were in favor of rate hike.
3 month Comment:Consolidating
Open:1.6322
Price:1.6313
Forex Currency:USD/JPY
News:Market risk picked-up amid escalating violence in Middle East, prompted lquidity flew to yen as a safe hav-en and supported the yen.
3 month Comment:Consolidating
Open:81.86
Price:81.83
Forex Currency:USD/CAD
News:The Loonie was strengthened as crude oil surged 4520y4107terday.omment:Consolidating
Open:0.9729
Price:0.9738
Forex Currency:USD/CHF
News:Market risk picked-up amid escalating violence in Middle East, prompted liquidity flew to swiss franc as a safe haven and supported the swiss franc.
3 month Comment:Consolidating
Open:0.9234
Price:0.9254
Forex Currency:AUD/USD
News:The Aussie was supported as Australia’s leading index rose 0.7% in December.
3 month Comment:Bullish
Open:1.0165
Price:1.0176
Forex Currency:NZD/USD
News:The Kiwi underperformed on expectation that the Reserve Bank of New Zealand may cut the interest rate.
3 month Comment:Consolidating
Open:0.7429
Price:0.7455
