Forex Trends for Today 10/03/2010

Forex Market Review by Finexo.com

Market Notes:
Sterling continues to be the weakest kid on the block due to the weight of weak data.
Chinese exports showed a 45.7% annual increase this morning while imports grew 44.7%, adding fuel to the global recovery story.
The Royal Bank of New Zealand meeting later today will grab the attention though no actual move in rates is expected, since the RBNZ has said earlier that low rates would stay in place until “mid” 2010.
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Daily Trends* & Charts

*relevant for now

USD $ Mixed Trend
EUR € Weak
GBP £ Weakest
JPY ¥ Strong
AUD Strong
NZD Strongest
CAD Mixed Trend
CHF Weak

Watch the Fundamentals!(GMT time)

Yesterday Swiss CPI: 0.1% vs. 0.2% exp.

UK Trade Balance: -8.0B vs. -6.9B exp.
TODAY AU Home Loans: -7.9% vs. 2.1% exp.

Chinese Trade Balance: 7.6B as exp.

UK Manufacturing Production at 09:30.

NZ Interest Rate Statement at 20:00.

Tomorrow AU Unemployment Rate at 00:30.

Chinese Industrial Production at 02:00.

Swiss Interest Rate Statement at 13:00.

Canadian Trade Balance at 13:30.

US Trade Balance at 13:30.

US Unemployment Claims at 13:30.

NZ Retail Sales at 21:45.

Forex Market Review & Analysis by Finexo.com

Disclaimer: Trading the foreign exchange (Forex) carries a high level of risk, and may not be suitable for all investors.

FX_Trdr

15 years ago