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.

HEADLINES:

  • Yet again AUD touches record highs of 1.0398
  • US Non-Farm payrolls show strong recovery in the US with the unemployment rate falling to a 2 year low of8.8% as 216k new jobs are created.
  • Sentiment now shifting towards Fed tightening rates (or cutting back QE) sooner rather than later.
  • Gold sold aggressively as the USD strengthens across the board against all the metals.
  • Oil surges to highs again as the conflict in Libya looks set to continue and the US labour market gives signals that demand will be stronger in the coming months.
  • Equity markets finished the week off strongly with the Dow up 0.46%, S&P up 0.5% and Nasdaq up 0.31%

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