Euro steady to firm at 1.4430 in Early European Trading - 26th August, Forex Market Update

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Date: Mon, 12 Sep 2011 Time: 6:00 AM
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Join Chris Advincula, Market Analyst at online Forex trading broker FX Solutions (http://www.fxsolutions.com/), as he provides a report of Forex market activity and news for 26th August 2011.

"The euro recovers 70 points to 1.4430 from the NY low yesterday at 1.4360 in the early hours of the European session as the euro continues to gain from yesterday's report from CNBC that Moody's and S&P reaffirmed Germany's AAA credit rating and on the weaker dollar amid speculation that the Fed Chief Bernanke may disappoint the market the third round of quantitative easing at today's central bank conference in Jackson Hole, Wyoming.

The Asian stock markets are flat, with most of the market participants on the sideline awaiting the Bernanke speech today. The Sept S&P Futures rose 0.5 percent to 1,163.6 as of1:15pm in Tokyo.

Nikkei: +11.63 points to 8,783.99 (+0.13%)

Hang Seng: -42 points to 19,710.10 (-0.21%)

S&P ASX: -12 points to 4,200.90 (-0.28%)

Shanghai: -20 points to 2,594.72 (-0.79%)"

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About the Author

Forex trading involves substantial risk of loss and is not suitable for all investors.

About FX Solutions

FX Solutions is a leading Forex trading online broker with a focus on advanced trading technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries.

FX Solutions' products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.

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