Forex Market Commentary
Commodities Lift the AUD and the CAD
By FXCompass — Monday, 29 March 2010
The week starts on a positive note for equities. Energy and basic materials gained strongly on Monday amid a continuation of last Friday’s risk-positive sentiment.
Forex Market Summary — March 28 – April 03
By FXCompass — Sunday, 28 March 2010
Germany and France came to an agreement about the Greek debt financing during Thursday’s EU Summit in Brussels. After weeks of speculation and debate, both countries have finally agreed to back up a potential EU/IMF bailout plan.
Events to Watch — March 28 – April 03
By FXCompass — Sunday, 28 March 2010
Stocks Rise Despite Lower GDP, USD Drops
By FXCompass — Friday, 26 March 2010
Stocks rose sharply on Friday despite a lower revision of U.S. GDP. The 2009 fourth quarter Final GBP came out at 5.6%, 0.3% lower than forecasted a month ago.
Bernanke Not Yet Ready to Raise Interest Rate
By FXCompass — Thursday, 25 March 2010
Federal Reserve Chairman Bernanke announced that the economy is not ready yet for a rate hike in a testimony to the House Financial Services Committee, on Thursday.
The Dollar Boosted by Eurozone Worries
By FXCompass — Wednesday, 24 March 2010
The dollar surged against other currencies on Wednesday amid renewed concerns over sovereign risk in Greece and Portugal.
U.S Existing Home Sales Fell Slightly
By FXCompass — Tuesday, 23 March 2010
The National Association of Realtors announced a third consecutive decrease in U.S. Existing Home Sales on Tuesday. Sales tumbled by 0.6% to 5.02 million in February from 5.05 million in January.
Health Stocks Ease Euro Selling
By FXCompass — Monday, 22 March 2010
After starting the week under heavy selling pressure, the euro found some relief during the New York session when health stocks surged amid the new U.S. healthcare legislation.
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Poll
Interest Rates
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US | 0.25% |  |
UK | 0.50% |
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EURO | 1.00% |  |
JP | 0.10% |
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AUD | 4.25% |  |
CAN | 0.50% |
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CH | 0.25% |  |
NZ | 2.50% |