Jul 30
Forex Market Report 30th July 2010
Currency: EUR/USD
News: The U.S. Federal Reserve released the latest Beige Book, expressing concerns over the economic conditions. Market risks picked-up, which undermined the euro.
Comment: Bullish
Open: 1.3080
Current Price: 1.3070
Currency: USD/JPY
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the yen.
Comment: Consolidating
Open: 86.88
Current Price: 86.44
Currency: GBP/USD
News: The Bank of England Governor yesterday said the rates will stay low for a considerable time to come, triggering the pound to fall from its high.
Comment: Consolidating
Open: 1.5609
Current Price: 1.5614
Currency: USD/CHF
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the Swiss franc
Comment: Consolidating
Open: 1.0411
Current Price: 1.0410
Currency: USD/CAD
News: The Loonie fell as crude oil prices retreated yesterday.
Comment: Bearish
Open: 1.0356
Current Price: 1.0358
Currency: AUD/USD
News: Australia’s second-quarter consumer price index only rose 0.6%, missed the market estimates and curbed the rate hike expectation, which weakened the Aussie.
Comment: Bullish
Open: 0.9007
Current Price: 0.9010
Currency: NZD
News: The Reserve Bank of New Zealand raised the rate by 25 bps, but its post-meeting statement showed its concern over the economic growth, which underminedthe kiwi.
Comment: Bullish
Open: 0.7239
Current Price: 0.7235
Tagged with: Bank of England • Forex • Oil • U.S equities
Jul 29
Forex Market Report 29th July 2010
Currency: EUR/USD
News: The U.S. Federal Reserve released the latest Beige Book, expressing concerns over the economic conditions. Market risks picked-up, which undermined the euro.
Comment: Bullish
Open:1.2988
Current Price: 1.3030
Currency: USD/JPY
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the yen.
Comment: Consolidating
Open: 87.36
Current Price: 87.36
Currency: GBP/USD
News: The Bank of England Governor yesterday said the rates will stay low for a considerable time to come, triggering the pound to fall from its high.
Comment: Consolidating
Open: 1.5588
Current Price: 1.5614
Currency: USD/CHF
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the Swiss franc
Comment: Consolidating
Open: 1.0599
Current Price: 1.0590
Currency: USD/CAD
News: The Loonie fell as crude oil prices retreated yesterday.
Comment: Bearish
Open: 1.0382
Current Price: 1.0332
Currency: AUD/USD
News: Australia’s second-quarter consumer price index only rose 0.6%, missed the market estimates and curbed the rate hike expectation, which weakened the Aussie.
Comment: Bullish
Open: 0.8906
Current Price: 0.8987
Currency: NZD
News: The Reserve Bank of New Zealand raised the rate by 25 bps, but its post-meeting statement showed its concern over the economic growth, which underminedthe kiwi.
Comment: Bullish
Open: 0.7208
Current Price: 0.7250
Tagged with: Bank of England • Forex • India • U.S equities
Jul 28
Forex Market Report 28th July 2010
Currency: EUR/USD
News: The U.S. consumer confidence fell to 50.4 in July, the lowest level in five months. Risk aversion picked-up, which supported the greenback.
Comment: Bullish
Open: 1.3000
Current Price: 1.3020
Currency: USD/JPY
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the yen.
Comment: Bearish
Open: 87.85
Current Price: 87.86
Currency: GBP/USD
News: Confederation of British Industry showed U.K. retail sales rose at the fastest pace in more than three years in July, which supported the pound.
Comment: Consolidating
Open: 1.5595
Current Price: 1.5589
Currency: USD/CHF
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the swiss franc.
Comment: Consolidating
Open: 1.0599
Current Price: 1.0590
Currency: USD/CAD
News: As U.S. equities and crude oil prices retreated yesterday, the risk appetite receded and limited the upside of the Loonie.
Comment: Bearish
Open: 1.0349
Current Price: 1.0317
Currency: AUD/USD
News: Core Inflation slows for the June quarter reducing the chances of interest rate rises, limiting the upside for the AUD
Comment:Consolidating
Open: 0.9006
Current Price: 0.8943
Currency: NZD
News: As speculation the Reserve Bank of New Zealand may hike rate by 25 bps in next Thursday, spurred interest rate expectation and supported the Kiwi.
Comment: Bullish
Open: 0.7319
Current Price: 0.7290
Tagged with: Forex • Oil
Jul 27
Forex Market Report 27th July 2010
Currency: EUR/USD
News: The U.S. new home sales unexpectedly rose 23.6% and the improved sentiment supported the euro.
Comment: Bullish
Open: 1.2986
Current Price: 1.3018
Currency: USD/JPY
News: As global equities surged yesterday, risk appetite picked-up and limited the upside of the Japanese yen.
Comment: Bearish
Open: 86.96
Current Price: 87.01
Currency: GBP/USD
News: On speculation that the Bank of England may hike rates earlier, the pound tested upper at 1.55
Comment: Consolidating
Open: 1.5481
Current Price: 1.5416
Currency: USD/CHF
News: As global equities surged yesterday, market risk picked-up and limited the upside of the Swiss franc.
Comment: Consolidating
Open: 1.0488
Current Price: 1.0485
Currency: USD/CAD
News: The positive U.S. new home sales eased investors’ concern over Canadian exports’ impact by the U.S. housing market, which underpinned the Canadian dollar.
Comment: Bearish
Open: 1.0316
Current Price: 1.0311
Currency: AUD/USD
News: Investors expect the Australia’s inflation rate will climb that may prompt the rate hike again by the RBA, which supported the AUD .
Comment: Bullish
Open: 0.9018
Current Price: 0.9027
Currency: NZD
News: As speculation the Reserve Bank of New Zealand may hike rate by 25 bps in next Thursday, spurred interest rate expectation and supported the Kiwi.
Comment: Consolidating
Open: 0.7330
Current Price: 0.7349
Tagged with: Forex
Jul 26
Forex Market Report 26th July 2010
Currency: EUR/USD
News: German service PMI rose from 54.8 to 57.3 in July, the highest in almost three years, which supported the euro.
Comment: Bullish
Open: 1.2902
Current Price: 1.2939
Currency: USD/JPY
News: As global equities and oil prices surged yesterday, risk appetite picked-up and limited the upside of the Japanese yen.
Comment: Bearish
Open: 87.41
Current Price: 87.37
Currency: GBP/USD
News: U.K. retail sales climbed 0.7% (M/M) in June, topped market estimates, and supported the pound.
Comment: Consolidating
Open: 1.5417
Current Price: 1.5472
Currency: USD/CHF
News: As global equities and oil prices surged, market risk picked-up and supported the Swiss franc.
Comment: Consolidating
Open: 1.0545
Current Price: 1.0517
Currency: USD/CAD
News: Canada retail sales unexpectedly dropped 0.2% (M/M) in May, trailed market estimates, which limited the upside of the Canadian dollar.
Comment: Bearish
Open: 1.0357
Current Price: 1.0350
Currency: AUD/USD
News: As U.S. corporate earnings results were better-than expected, risk appetite picked-up and favored the high-yielders like Aussie.
Comment:Consolidating AUD
Open: 0.8952
Current Price: 0.8980
Currency: NZD
News: As speculation the Reserve Bank of New Zealand may hike rate by 25 bps in next Thursday, spurred interest rate expectation and supported the Kiwi.
Comment: Consolidating
Open: 0.7273
Current Price: 0.7294
Tagged with: Canada • Forex • German • Oil • Swiss
Jul 23
Forex Market Report 23rd July 2010
Currency: EUR/USD
News: German service PMI rose from 54.8 to 57.3 in July, the highest in almost three years, which supported the euro.
Comment: Bullish
Open: 1.2887
Current Price: 1.2878
Currency: USD/JPY
News: As global equities and oil prices surged yesterday, risk appetite picked-up and limited the upside of the Japanese yen.
Comment: Bearish
Open: 87.03
Current Price: 87.00
Currency: GBP/USD
News: As U.K. retail sales climbed 0.7% (M/M) in June, topped market estimates, and supported the pound.
Comment: Consolidating
Open: 1.5255
Current Price: 1.5284
Currency: USD/CHF
News: As global equities and oil prices surged yesterday, market risk picked-up and supported the Swiss franc.
Comment: Consolidating
Open: 1.0432
Current Price: 1.451
Currency: USD/CAD
News: Canada retail sales unexpectedly dropped 0.2% (M/M) in May, trailed market estimates, which limited the upside of the Canadian dollar.
Comment: Bearish
Open: 1.03771
Current Price: 1.0382
Currency: AUD/USD
News: As U.S. corporate earnings results were better-than expected yesterday, risk appetite picked-up and favored the high-yielders like Aussie.
Comment:Consolidating AUD
Open: 0.8932
Current Price: 0.8929
Currency: NZD
News: As speculation the Reserve Bank of New Zealand may hike rate by 25 bps in next Thursday, spurred interest rate expectation and supported the Kiwi.
Comment: Consolidating
Open: 0.7245
Current Price: 0.7242
Tagged with: Forex • German • Oil
Jul 22
Forex Report 22nd July 2010
Currency: EUR/USD
News: Federal Reserve Chairman Ben Bernanke said the US economic recovery may be unusually uncertain which triggered the Euro lower.
Comment: Bullish
Open: 1.2754
Current Price: 1.2763
Currency: USD/JPY
News: As global equities and oil prices retreated yesterday, market risk picked-up and suppressed the Japanese Yen
Comment: Bearish
Open: 86.96
Current Price: 86.50
Currency: GBP/USD
News: Investors expect the Bank of England may not raise rates this year, which undermined the pound.
Comment: Consolidating
Open: 1.5168
Current Price: 1.5174
Currency: USD/CHF
News: As global equities and oil prices retreated yesterday, market risk picked-up and supported the Swiss franc.
Comment: Consolidating
Open: 1.0505
Lattest: 1.0473
Currency: USD/CAD
News: The oil prices retreated yesterday and weakened the loonie.
Comment: Bearish
Open: 1.0489
Current Price: 1.0476
Currency: AUD/USD
News: As global equities and oil prices retreated yesterday, market risk picked-up and suppressed the Aussie
Comment:Consolidating AUD
Open: 0.8764
Current Price: 0.8772
Currency: NZD
News: As global equities and oil prices retreated yesterday, market risk picked-up and suppressed the Kiwi.
Comment: Consolidating
Open: 0.7114
Current Price: 0.7145
Tagged with: Foreign Exchange • Forex
Jul 21
Foreign Exchange (Forex) Market Report 21st July 2010
Currency: EUR/USD
News: Speculation that a German bank may not pass the
European banking stress test, which weighed on the Euro lower
Comment: Bullish
Open: 1.2890
Latest: 1.2895
Currency: USD/JPY
News: As U.S. equities and commodity prices surged
yesterday, risk appetite picked-up and suppressed the JPY
Comment: Bearish
Open: 87.43
Latest: 87.16
Currency:GBP/USD
News: U.K. showed a wider-than-estimated budget deficit and
lower mortgage approvals, which limited the upside of the pound
Comment: Consolidating
Open: 1.5274
Lattest: 1.5306
Currency:USD/CHF
News: Switzerland’s trade surplus rose to CHF 1.77 billion in June which supported the Swiss Franc
Comment: Consolidating
Open: 1.520
Latest: 1.0509
Currency:USD/CAD
News: The Bank of Canada cut Canada’s growth forecast and
signaled the pace of interest rate increases may slow,
which limited the upside of the CAD.
Comment: Bearish
Open: 1.0427
Latest: 1.0371
Currency:AUD/USD
News: As U.S. equities and commodity prices surged
yesterday, risk appetite picked-up and underpinned the AUD
Comment: Consolidating
Open: 0.8837
Latest: 0.8844
Currency:NZD
News: As U.S. equities and commodity prices surged
yesterday, risk appetite picked-up and underpinned the NZD
Comment:Consolidating
Open: 0.7172
Latest: 0.7187
Jul 20
Foreign Exchange Report 20th July 2010
Currency: EUR/USD
News: Strong demand for Spain’s bonds eases concerns on European debt crisis
Comment: Bullish
Open: 1.2946
Latest: 1.2982
Currency: USD/JPY
News: Sluggish Us recovery supports the JPY
Comment: Consolidating
Open: 86.76
Latest: 87.04
Currency: GBP/USD
News: GBP rises on suppressed USD following US Producer prices trailing estimates
Comment: Consolidating
Open: 1.5229
Latest: 1.5283
Currency: USD/CAD
News: CAD manufacturing less than expectations which suppressed the loonie
Comment: Bearish
Open: 1.0543
Latest: 1.0515
Currency: USD/CHF
News: Risk aversion picked up and supported the Swiss Franc
Comment: Consolidating
Open: 1.0543
Latest: 1.0515
Currency: AUD/USD
News: Chinas Industrial production below expectations, triggers AUD lower
Comment: Consolidating
Open: 0.8688
Latest: 0.8778
Currency: NZD/USD
News: NZ CPI less than expected which undermined the KIwi
Comment: Consolidating
Open: .0.7063
Latest: .0.7115
Tagged with: Foreign Exchange • Forex
Jul 16
Foreign Exchange Report 16th July 2010
Forex Currency: EUR/USD
News: Spain sold 3 billion euros of 15-year bonds at an average yield of 5.116%, with demand strong enough to ease concern on the European debt crisis
Comment: Bullish
Open: 1.2929
Current Price: 1.2924
Forex Currency: GBP/USD
News: U.S. producer prices declined 0.5% (MoM) in June
Comment: Consolidating
Open: 1.5443
Current Price: 1.5425
Forex Currency: USD/JPY
News: As concern on the U.S. economic recovery may be sluggish, risk aversion picked-up and supported the JPY
Comment: Consolidating
Open: 87.35
Current Price: 87.29
Forex Currency: USD/CAD
News: Canada’s manufacturing sales rose 0.4% (MoM).
Comment: Bearish
Open: 1.0383
Current Price: 1.0396
Forex Currency: USD/CHF
News: As concern on the U.S. economic recovery may be sluggish, risk aversion picked-up and supported the CHF
Comment: Consolidating
Open: 1.0414
Current Price: 1.416
Forex Currency:AUD/USD
News: China’s industrial production only rose 13.7% (YoY), trailed market estimates, which triggered the Australian Lower
Comment: Consolidating
Open: 0.8835
Current Price: 0.8792
Forex Currency: NZD/USD
News: New Zealand’s consumer prices increased 0.3%.
Comment:Consolidating
Open: 0.7273
Current Price:0.7188
Due for release today is the JPY BOJ Press Conference USD PPI m/m, USD Unemployment Claims, USD Fed Gov Nomination Hearings, USD Philly Fed Manufacturing Index and the NZD CPI q/q.
Tagged with: China • Foreign Exchange • Forex
