[B]Ikon Group –[/B] Early in the Asia forex market on Friday July 23, the forex rates of NZD against all other major currencies except AUD all got a rebound. Supported by a series of good financial reports of UPS, 3M as well as Caterpillar ect, all of the stock markets in the United States surged up high.
In the New York Stock Exchange (NYSE), the ratio of the surge and down was about 7/1, and the ratio of the surge and down in NASDAQ was 4/1. The forex price of the hedging currencies such as USD and JPY ect went back to the level of last Friday July 16 in the forex market.
In the previous night the US economic data indicated the number of the US jobless claims was higher than the previous expectation, and the US existing home sales slumped down sharply to the lowest level for three weeks.
However, the condition for UK was much better, the datum of the factory orders and retail sales were all better than the previous expectation.
Later today the press test results of EU banks will be released as well as the data of GDP in UK of this year.
Edited by Laura.