Oct 30

This morning the EUR/USD has dropped to around the 1.4808 level. This morning cable is showing weakness and is currently down at around the 1.6516 mark. This morning the JPY/USD pair is showing weakness down from its open of 91.47 and is now currently at the 91.00 level.

Due for release today, JPY Bank of Japan Interest Rate Decision, GBP Gfk Consumer Confidence Survey, AUD Private Sector Credit, Euro-Zone Consumer Price Index Estimate.

By Ultimate Forex Profits

Oct 29

The EUR/USD has recently suffered a loosing streak, the pair is showing weakness this morning currently down at the 1.4715 level. This morning the GBP/USD pair is showing strength and is currently up at around the 1.6441 mark. The JPY/USD pair is currently down at 90.49 level from its open of 90.65.

Due for release today, JPY Bank of Japan Interest Rate, EUR German Unemployment, EUR German Unemployment Rate s.a., GBP Mortgage Approvals, GBP Net Consumer Credit, UK M4 money supply for September (final read) and USD Gross Domestic Product, USD Gross Domestic Product Price Index.

By Ultimate Forex Profits

Oct 28

After 3 consecutive days of losses, this morning the EUR/USD pair is showing strength currently up at the 1.4833 level from a North American close on Tuesday at around 1.4800. GBP/USD is currently hovering around its open of 1.6373. This morning the JPY/USD pair is down at the 91.32 level from its open of 92.22.

Due for release today is the EUR German Consumer Price Index, EUR German Consumer Price Index – EU harmonized, AUD Consumer Prices Index, NZD business Confidence, NZD Reserve Bank of New Zealand Interest Rate Decision.

By Ultimate Forex Profits

Oct 27

This morning the Euro is showing strength currently up at around the 1.4912 level. This morning Sterling is showing strength currently up from its open of 1.6312 and is now at the 1.6371 mark. There is very little in the way of UK economic data today. The JPY/USD pair is showing weakness currently down at the 92.00 level. The BOJ has come under increasing pressure from government officials, who fear that a quick end to the central bank’s emergency steps to support corporate funding would hurt an economy just emerging from its deepest recession in 60 years.
Due for release today is the AUD NAB Business Confidence, CHF UBS Consumption Indicator, GBP U.K. CBI Distributive Trades, USD S&P/Case-Shiller Composite-20 and USD Consumer Confidence, JPY Large Retailers’ Sales, JPY Retail Trade s.a. and JPY Retail Trade.

By Ultimate Forex Profits

Oct 26
This morning the Euro is showing strength and is currently up at around the 1.5027 level. German Gfk November consumer sentiment indicator has come in down at 4.0, weaker than median forecast of 4.5. This morning Sterling is showing weakness and is currently down from its open of 1.6305 and is now at around the 1.6271 level. Obviously in the wake of Friday’s horrendous Q-3 GDP release, there is speculation that the Bank of England will extend QE at the November 5th MPC meeting. There is also rather alot of speculation that the Q-3 GDP data could well be revised upward in time. The JPY/USD pair is down this morning at around the 91.87 mark.

Due for release today is the GBP Nationwide House Prices, EUR German GFK Consumer Confidence Survey and the USD Chicago Fed National Activity.

By Ultimate Forex Profits

Oct 23
This morning the Euro is down at the 1.5016 level from its open of 1.5024. BOE official talking about the eventual withdrawal of QE. This morning the Cable is showing strength currently up at the 1.6659 level. The JPY/USD pair is showing strength this morning and is up at around the 91.80 mark.Due for release today there is the EUR German IFO – Business Climate, EUR German IFO – Current Assessment, EUR German IFO – Expectations, GBP Gross Domestic Product, GBP BBA Loans for House Purchase, USD Fed’s Bernanke Speaks on Regulation at Boston Fed Conference.
Oct 21

This morning the Euro has recovered from its initial drop and is showing strength rising to around the 1.4958 level. This morning Sterling has risen to 1.6506 from its open of 1.6384. Technical resistance as aforementioned next at 1.6495/00. The JPY/USD is showing weakness today currently at around the 90.53 mark. Due for release today there is Fed’s Plosser to Speak at Stanford on Monetary Policy, Westpac Leading Index, NZD Credit Card Spending, CHF Real Estate Index Family Homes, GBP Bank of England Minutes, GBP U.K. CBI Quarterly Industrial Trends Total Orders, USD Fed Releases Beige Book Economic Report, JPY Merchandise Trade Balance Total, USD Adjusted Merchandise Trade Balance.

By Ultimate Forex Profits

Oct 20

This morning the EUR/USD pair is up at 1.4969 from its open of 1.4579. This morning the GBP/USD is up at 1.6424 up from its open of 1.6661. This morning the JPY/USD pair is down at 90.17 from its open of 91.75.

GBP Public Finance, GBP Public Sector Net Borrowing, GBP M4 Money Supply, CAD Leading Indicators, USD Producer Price Index, USD PPI Ex Food and Energy, USD Housing Starts, USD Building Permits, CAD Bank of Canada Interest Rate Decision.

By Ulitimate Forex Profits

Oct 19
The EURO/USD pair is showing weakness today currently up from its open of 1.4902 level to the 1.4908 level. Technical supports 1.4830 and 1.4795/05, resistances 1.4915/20, 1.4950/55 and 1.4969. Cable is showing weakness today currently hovering at around the 1.6301 level, down from its open of 1.6354. From the news at the weekend, especially MPC member Posen raising the spectre of further QE next month, it could have been worse. Cable supports 1.6280/85, and 1.6250, resistances 1.6370/75 and 1.6400/05. The JPY/USD pair has also declined this morning and is currently down at around the 90.64 mark.

Due for release today there is BoJ to Hold Quarterly Branch Managers’ Meeting in Tokyo, Bernanke, Yellen Speak at San Francisco, International Securities Transactions, Bernanke Speaks on Asia and Financial crisis in California.

By Ultimate Forex Profits

Oct 16
After 4 days of consecutive rises the Euro has shown weakness and is currently down at the 1.4917 level. This morning cable is showing strength currently up at around the 1.6304 level. Yesterday Sterling hit a three-week high against the US dollar following comments from Paul Fisher (head of markets at the Bank of England) who said that quantitative easing (QE) was now working. This morning the JPY/USD is currently up at around the 90.88 level up from its open of 89.32.

Due for release today there is CHF Retail Sales, EUR Euro-Zone Trade Balance, EUR Eurozone Trade Balance, CAD Consumer Price Index, CAD Consumer Price Index, CAD Bank Canada Consumer Price Index, USD Net Long-Term TIC Flows, USD Industrial Production.

By Ultimate Forex Profits

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