The Forex Market Insight Report shows charts on different major currencies and commodities, with brief commentaries on how new data releases and news cause movements in the market.
- AUD makes new post-float record highs of 1.0335/40 as the bulls continue to rule the market. Traders now eagerly await the retail sales figures due at 11.30AEST this morning.
- EUR continues it’s resilience to downgrades as German Deputy Finance minister comments that the Eurozone is ready for any market “turbulence” resulting from the sovereign debt issues.
- UK data release shows fastest service growth since 2002 putting continues pressure on the BoE to raise rates sooner rather than later.
- Strong US employment figures helped equity markets rally continuing the stream of positive numbers out of the US in recent times with the Dow up 0.5%, S&P up 0.67% and Nasdaq 0.72%.
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