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.

 
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