This morning’s Daily FX Report by the VarengoldbankFX trading desk team including a review of the Forex and currency markets, technical analysis, key pivot points and the daily economic calendar.

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CURRIENCIES: 9/08/10 Higher closes yesterday for the Swiss Franc,Japanese Yen and dollar index while lower for the Euro Fx, British Pound, Canadian and Aussie Dollar. The Swiss/euro spreading continues to impress in favor of the franc with the lastter making its highest close since December 2009 and the euro settling sharply lower. The yen made a new contract high close continuing to be in a strong uptrend..

[cid:image001.jpg@01CB4F3 1.09B6AE30] September 8, 2010 The US dollar weakened across the board as Wall Street opened positive tracking European stocks and ahead of Federal Reserve comments on the state of the economy. Though uncertainty about the pace of recovery and interest rate policies lingered in the market, risk sentiment moderated pushing the dollar lower. The dollar remains under pressure ...

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IB Interest Rate Brief Canadian rate jolt sends shudders across global bonds Wednesday September 8, 2010 Bonds have come back off the boil as investors try to figure out whether or not the European banking system might weigh any further on the global recovery following a recent poke at its methodology. Yields slumped on the news that Europe's bankers might not have fully ...