MPT Market Report - 11th February 2010

MPT Market Report - 11th February 2010 Daily forex market reports, available from the MyPrivateTradeTV YouTube Channel. www.myprivatetrade.com.

Yesterday, the Euro remained volatile, rising to 1.381 before slipping to 1.368, and then recovering again to 1.380 during the Asian session. Currently trading at the 1.377 level, ahead of an EU summit, which might throw up some surprises, especially if Greeces economic woes continue.
Yesterday, the Yen pulled back against the Dollar, reaching 89.24 before losing its ground, and is currently trading at 89.94.
Sterling lost gains made against the Dollar on the 9th February, to close 80 points down. The fall has continued in early trading today, with Sterling currently trading at 1.5590.
Looking ahead, only one major piece of news today, coming from the US. Month-on-month retail sales figures for December are due to be released at 14.30 CET. This measures the total receipts of retail stores and is a good indicator of consumer spending. A high reading may be bullish for the Dollar.

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