Market overview

[effexx]

14/07/10

Gold goes up and after the US session opening the metal reaches the highest level of $1 218.

YEN comes down against EUR and USD with regards to the growth of American companies

[effexx]

The Chinese Data published this morning have been provoked the new wave of risk appetite on market. According to this fact European currencies strengthen against USD.
Today in the morning EUR/USD is in a consolidation position forming its today

[effexx]

USD/YEN is keeping its descending movement and today the pair is near to reach the lowest level of this year.
EUR/USD during the Asian session fixed a new maximum at the level of $1.2958.
Today the microeconomic data will be very important for all market participants. Economists expect that consumer price index in June will increase 0.1 % against last month.

[effexx]

During the European session the Euro is up and has started to test the new stress area of the 1.3000 level.
GBP today is under the influence of the financial figures therefore the currency pending the data.
As for Asian trade the USD and JPY fall against the main currencies.

[effexx]

Before Ben Bernanke comments USD fell against JPY during the Asian session.

USD will go down to the level of 86.00 if the expectations regarding recovery of the US economy are weak.

According to the economists data the growth of US Gross Domestic Product expects to be 3 % till 2012.

EURO, GBP and USD trade in the same way against each other but they dropped considerably against JPY.

EURO will be under pressure this week till the results of banks

[effexx]

The most of Asian stocks today trade in downside according to the pessimistic comments of Ben Bernanke regarding economic perspectives of US economy.

Ben Bernanke

[effexx]

Stress tests results will be published today. It will be an analysis of 91 banks in the European territory and these results should calm down investors regarding the state of the European financial sector. The time of event is 17 pm GMT.

Due to waiting for these results EURO drops against USD during the European session.

Bernanke urged the legislators to reduce the Federal budgeted deficit in medium-term period. He said that it

[effexx]

YEN and USD grew up due to the consolidation of Asian stock market indexes.

If other stock markets go up, EURO may continue the uptrend.

The positive results of

[effexx]

Yesterday in the evening EUR/USD fixed new maximum and this fact stopped all attempts of EURO to continue its growth. So the uptrend of EUR/USD is failing little by little.

GBP/YEN trades next to the six-week peaks and it draw investors

[effexx]

It

[effexx]

With regards to the data of Centre for Economic Policy Research and the Central Bank of Italy, the indicator EuroCoin in July fell from 0.46 to 0.40. The indicator is decreasing 4 months running. And it testifies deceleration of the economic growth rate.

Parliament of Italy approved assigning a sum of $ 440 billion and 575 billion euros on creation of the Support Fund for the countries with high national debt.

The prices of OIL and oil products grew against USD. The USD weakness is pushing up the Oil prices.

EUR/USD dropped today because of markets feverishness.

USD/YEN decreases due to unfavorable situation on Asian markets.

[effexx]

EURO continues up;
1.3150 against USD.

USD loses against
most currencies.

Fires in Russia give boost
to agricultural commodities.

Crude oil jumps 5 %
and reaches USD 53,50.

[effexx]

Yen reaches highest level
towards USD in 15 years

EURO stabilizes on 1,3150
against USD.

GBP continues up.
Oil stays above USD 82

[effexx]

Yen reaches new records
against USD.

EURO/USD stabilizes
around 1.32.

Wheat prices jump on
Russian heat crisis.

Oil stays on USD 82

[Nicholas_B]

great least its not going down
:)

[effexx]

Weak employment numbers
leads to continued USD weakness.

Strong YEN hit by slower
Japanese export in July

Oil steady abover USD 80;
Gold and silver increase

[effexx]

USD and Yen strengthen
on speculation of
slower economic recovery

Strong Chinese export and
import figures for July

Oil stable on 80 - 81.
Gold stays on 1200

[effexx]

US Federal Reserve
confirms economic slowdown.

New fears for double dip
recession hit markets

Oil below USD 80.
Yen reaches new highs

[effexx]

EURO falls 2 %
towards USD

Oil prices fall on
weaker US growth

New turmoil and
market uncertainties

[effexx]

Yen looses from
15 years high

Export concerns
lead to strong
political pressure

Gold climbs as
market volatility
increases