UWC Currency - page 3
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Market overview 02.07.10
Using as basis the currency movements within last two days on the equity and bond markets,
investors have tried to be protected from any losses in case of negative USA figures
According to Eurostat presented data
Spain showed the highest unemployment level in Europe
and it indicates again Spanish economic slump
Japanese Yen is keeping growing against USD and
in the meantime USD essays to break up this trend.
Markets 05.07.10
Today during the European session USD goes up against all major currencies;
EURO/USD has not shown special reaction to the data published according to the PMI index.
It was one of the lowest week closings of USD/YEN and it proves the possibility of downside movement next months too.
GBP/USD is strengthening; the support level of the pair is 1.5115.
Markets 06.07.10
EURO continues
to stay above 1.25.
Strong YEN on
US fear for double
dip recession
High volatility in
stock and currency
markets
Market update 07/07/10
EURO reaches 1,26
against USD
Fear of sluggish
US growth gives
boost to YEN
Gold prices
fall below 1200
08/07/10
IMF bullish on growth;
predicts world economy
growth on 4,5 %
Stock markets rally
in US and Asia
EURO reaches
1,2650 against USD
Continued strong YEN
16.07.10
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.
20.07.10
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.