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:

  • FOMC announces that the US economy was gaining traction but highlighted the fact that rising commodity prices could be detrimental to the recovery spending and investment.
  • China raises interest rates for the 4th time in seven months
  • Moody’s downgraded Portugal yet again and placed it on review for further downgrades.
  • EUR shrugged off Portugal downgrade as market focused on feeling that ECB will raise tomorrow
  • Gold reaches a record highs
  • Oil consolidates as there seems to be no end in sight for the Middle Eastern issues.

View the full Forex Market Insight Report 06/04.2011.

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