IFX Market Report

Submitted by qrops on Tue, 26/Jan/2010

IN THE UK:

  • Sterling gains overnight ahead of GDP figures.
  • Investor caution ahead of GDP figures.
  • UK set to emerge from the worst recession in 50 years.

 

IN THE EU:

  • German import prices improve
  • German IFO business sentiment improvement
  • Euro retraces gains versus sterling

 

IN THE US:

  • Poor existing home sales weaker than expected.
  • Increased confidence as Bernanke set for another term with the federal reserve
  • Market eyes US data this afternoon

 

At 09.00hrs this morning the market were at $1.6242, €1.1520, 12.37 ZAR, 146.13 JPY, 1.7278 CAD, 1.6952 CHF, 11.83 SEK and AU$1.81.11. EUR/USD 1.4096.