The Forex Market Insight Report shows charts on different major currencies and commodities, with brief commentaries on how new data releases and news cause movements in the market.

Headline:

  • AUD surges to record highs for the 3rd straight day.
  • Oil rallies towards the recent highs as Libyan forces seize control over oil port and OECD report noting supply concerns.
  • On the data front, EU inflation grew unexpectedly and US consumer confidence grew for the first time in 5 weeks.
  • Market eagerly awaits US non-farm payrolls tonight for an indication of how the US recovery is progressing.
  • Gold rallied aggressively as fighting escalated in Libya and debt concerns in Europe continue.