Thread: Daily market update

29.07.10

It’s the second day when YEN becomes stronger against EUR and USD.

The data regarding US economic growth will be published on Friday and this event is considered as a one more proof of economic deceleration.

For the pair EUR/USD the level of 1.3000 is a psychological area.

GBP/USD tries to continue increasing, in the morning this pair reached the new high.

30.07.10

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.

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.

05.08.10

Yen reaches highest level
towards USD in 15 years

EURO stabilizes on 1,3150
against USD.

GBP continues up.
Oil stays above USD 82

06.08.10

Yen reaches new records
against USD.

EURO/USD stabilizes
around 1.32.

Wheat prices jump on
Russian heat crisis.

Oil stays on USD 82

09.08.10

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

10.08.10

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

11.08.10

US Federal Reserve
confirms economic slowdown.

New fears for double dip
recession hit markets

Oil below USD 80.
Yen reaches new highs

12.08.10

EURO falls 2 %
towards USD

Oil prices fall on
weaker US growth

New turmoil and
market uncertainties

13.08.10

Yen looses from
15 years high

Export concerns
lead to strong
political pressure

Gold climbs as
market volatility
increases