Forex Market Insight Report 29/03/2011
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:
- Record highs in the AUD for the second day straight.
- Strong personal spending and pending home sales in the US.
- Fed’s Evans comments that recent positive data are not enough to reduce stimulus yet.
- Equity markets struggle on worse than expected earnings from consumer stocks and continued concerns about Japans ability to contain the nuclear threat.
- Commodities drift lower as the US economy shows good signs of recovery and Libyan rebels claim minor victories overnight.
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