Today the EUR/USD pair is showing strength currently up at around the 1.4996 level. This morning the GBP/USD pair has fallen back down to its opening level of 1.6567.
This morning the JPY/USD pair is showing weakness and is currently down at the 89.75 mark.
Due for release today is the AUD Employment Change, AUD Unemployment rate, CHF ZEW Survey, EUR Euro-Zone Industrial Production, EUR Euro-Zone Industrial Production.
By Ultimate Forex Profits
At 0420 BST today, the GBP is trading 0.1% lower against the USD at $1.6721, marginally down against the EUR at €1.1158 and 0.5% weaker against the JPY at ¥149.43.
The EUR is trading 0.1% lower against the USD at $1.4981. US Treasury Secretary, Timothy Geithner, stated that a strong dollar was in the country’s interest. European Central Bank council member, Yves Mersch, mentioned that the central bank may raise its economic growth forecast for the Eurozone in December.
The JPY is trading 0.4% higher against the EUR at ¥133.86, after the rise in Japanese machine orders exceeded market expectations, boosting the demand for Japan’s assets.
The AUD is trading lower against the USD, as new loans issued by Chinese banks dropped to their lowest monthly level this year in October. The NZD is trading lower against the USD, after the New Zealand central bank Governor, Alan Bollard, warned that “significant” gains in the currency were likely to be unsustainable.
Chile’s Peso traded near a 15-month high level against the USD, after a central bank survey projected that the economy may expand 4.4% in 2010. Taiwan’s dollar is trading lower against the USD, after the financial regulator banned foreign investors from placing funds in time deposits to prevent currency speculation.
Yesterday, the GBP ended lower against the USD, after Fitch Ratings warned that the UK’s sovereign credit rating is most at risk among top-rated nations. The GBP pared its losses, after the Department for Communities and Local Government stated that UK house prices rose 1.2% in September month-on-month.
Posted by Ultimate Forex Profits
The EURO/USD pair is showing strength this morning currently up at around the 1.4973 level. The GBP/USD pair is currently up at around the 1.6779 mark. The JPY/USD pair is up this morning from its open of 89.70 level and is now up at around the 90.15 level.
Due for release today there is, EUR German Trade Balance, EUR Euro-Zone Sentix Investor Confidence, EUR German Industrial Production, EUR German Industrial Production, CAD Housing Starts, JPY Trade Balance, JPY Current Account Total.
By Ultimate Forex Profits
This morning the EURO/USD pair is hovering around its open of 1.4872. This morning the GBP/USD pair has shown strength and is currently up at around the 1.6617 level. This morning the JPY/USD pair has shown weakness currently at around the 90.49 level.
Due for release today is the AUD Reserve Bank of Australia quarterly Monetary Policy Statement, CHF Unemployment Rate, GBP Producer Price Index Output, CAD Net Change in Employment, USD Change in Non-Farm Payrolls, USD Unemployment Rate and USD Average Hourly Earnings.
By Ultimate Forex Profits
This morning the EURO/USD pair has dropped below its open to the 1.4819 level. This morning the GBP/USD pair is down at 1.6477 from its open of 1.6551. The market now awaits the latest Bank of England rate decision. Rates almost certain to be kept on hold at 0.5%; it’s what the Bank decides on quantitative easing which holds the market’s attention. This morning the JPY/USD pair has dropped below its open of 90.71 and is currently around the 90.36 level.
Due for release today is the AUD Trade Balance , CHF Consumer Price Index, AUD Australian Central Bank Governor, GBP Industrial Production, GBP Manufacturing Production, EUR Euro-Zone Retail Sales, GBP Bank of England Interest Rate Decision, GBP Bank of England Asset Purchase Target, EUR European Central Bank Interest Rate Decision.
By Ultimate Forex Profits
This morning the JPY/USD pair is showing strength currently up at around the 90.52 level, up from its open of 90.31. This morning the EURO/USD pair is up at the 1.4738 level, up from its open of 1.4723. This morning the GBP/USD pair is showing strength and is up at around the 1.6475 level. Resistances now come at 1.6480/85, psychological 1.6500 and then 1.6520/25. The Bank of England’s Monetary Policy Committee is facing one of the toughest decisions in its decade-long history. Observers expect tough talks at its two day meeting, starting today, with a split committee facing a crucial vote on whether to extend the Bank’s policy of quantitative easing.
Due for release today is the GBP Nationwide Consumer Confidence, AUD Retail Sales s.a., AUD Building Approvals, AUD Retail Sales Ex Inflation, AUD Building Approvals, JPY BOJ Governor Masaaki Shirakawa to Speak in Tokyo, GBP Purchasing Manager Index Services, EURO Euro-Zone Producer Price, EURO Euro-Zone, USD ADP Employment Change, USD ISM Non-Manufacturing Composite, USD Federal Open Market Committee.
By Ultimate Forex Profits
The EURO/USD pair is showing strength this morning currently up at the 0.8980 level. The GBP/USD pair has recovered from the losses made this morning and is climbing back up to 1.6420 level, near its open. Big risk event for sterling looms this Thursday, when we find out what the Bank of England has decided to do regarding quantitative easing. There are many different opinions about this outcome. The JPY/USD pair has also recovered from the losses it made earlier this morning and is currently back up at around the 90.08 mark.
Due for release today there is GBP Purchasing Manager Index, USD ISM Manufacturing, USD Pending Home Sales, USD Construction Spending, NZD Labor Cost Private Sector and NZD Average Hourly Earnings.
By Ultimate Forex Profits
