IFX Market Report

Submitted by qrops on Wed, 27/Jan/2010

IN THE UK:

  • Q4 GDP figures show growth
  • UK exits recession
  • Mortgage Approvals better than expected
  • UK economic outlook remains uncertain

 

IN THE EU:

  • German Business expectations look optimistic    
  • Eurozone Banking sector state, weighs heavily on Euro

 

IN THE US:

  • Consumer Confidence rises throughout January
  • S&P/Case-Shiller index showed a fall in U.S. home prices.
  • Chinas bank plans increase appetite for USD safehaven
  • Eyes on FED Interest Rate decision tomorrow

 

At 9.15am this morning the markets were at, $1.6148, €1.1489, 12.3085 ZAR, 144.34 JPY, 1.7193 CAD, 1.6906 CHF, 11.7604 SEK and AUD $1.7980. EUR/USD 1.4096.