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:

  • European sovereign debt issues remain as S&P downgrades Greece and Portugal again.
  • US Fed members start rumblings of an end to Quantitative Easing in the near future bolsters the USD and sees treasury yields increase.
  • US consumer confidence falls slightly from what is expected on the back of gloomier outlook in the labor market as house prices continue to fall.
  • Oil rallies as continued concerns in Libya linger and no news yet on the resumption of exports.
  • Gold struggles to make gains as risk appetite enters the market again
  • Equities post modest gains with the Dow up 0.67%, S&P up 0.71 and Nasdaq up 0.96%

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