Forex Blog by Greg Secker

Currency: EUR/USD 
News: German preliminary CPI falls 0.6% in December, rises 0.8% y/y
Forecast: Consolidating 
Open: 1.4022 
Current Price: 1.4019

Currency: GBP/USD 
News: UK GDP at 0.1% in 4th quarter of last year 
Forecast: Bullish 
Open: 1.6166 
Current Price: 1.6206

Currency: USD/JPY 
News: Japanese exports rose in December 
Forecast: Bearish 
Open: 90.00 
Current Price: 90.23

Currency: USD/CAD 
News: Crude oil dropped, causing the Canadian dollar to fall 
Forecast: Consolidating 
Open: 1.0638 
Current Price: 1.0604

Currency: USD/CHF 
News: In order to avoid referendum, Swiss plan to renegotiate tax pact with US 
Forecast: Consolidating 
Open: 1.0498 
Current Price: 1.0503

Currency: AUD/USD 
News: Australian Property Monitor have predicted that home prices will rise as much as 10% 
Forecast: Consolidating 
Open: 0.8952 
Current Price: 0.9008

Currency: NZD/USD 
News: Bollard keeps New Zealand interest rates at record low 
Forecast: Consolidating 
Open: 0.7062 
Current Price: 0.7088

Due for release today is the USD Core Durable Goods Orders m/m, USD Unemployment Claims, USD Fed Chairman Nomination Vote and NZD Building Consents m/m.

By Ultimate Forex Profits

Currency: EUR/USD
News: ECB governing council member Ewald Nowotny warns FT Deutschland of dangers arising from (asset) bubbles forming in many developing countries.
Daily Forecast: Consolidating
Open: 1.4147
Current Price: 1.4099

Currency: GBP/USD
News: UK GDP released today
Daily Forecast: Bullish
Open: 1.6241
Current Price: 1.6222

Currency: USD/JPY
News: Bank of Japan holds policy rate steady at 0.1% but does not upgrade economic assessment
Daily Forecast: Bearish
Open: 90.26
Current Price:90.11

Currency: USD/CAD
News: CAD Bank of Canada Interest Rate Decision held at 0.25%
Daily Forecast: Consolidating
Open: 1.0573
Current Price:1.0611

Currency: USD/CHF
News: N/a
Daily Forecast: Consolidating
Open: 1.0395
Current Price:1.0436

Currency: AUD/USD
News: Yesterday, commodity prices and US equities improved
Daily Forecast: Consolidating
Open: 0.9040
Current Price: 0.8972

Currency: NZD/USD
News: Yesterday, commodity prices and US equities improved
Daily Forecast: Consolidating
Open: 0.7131
Current Price: 0.7089

Due for release today is the JPY BOJ Press Conference, EUR German Ifo Business Climate, GBP Prelim GDP q/q, GBP BOE Gov King Speaks, USD CB Consumer Confidence.

Currency: EUR/USD 
News: In Jan Euro zone PMI manufacturing index rose to 52.0 
Daily Forecast: Consolidating 
Open: 1.4138 
Current Price: 1.4137

Currency:GBP/USD 
News: In Dec UK retail sales rose 0.3% 
Daily Forecast: Bullish 
Open: 1.4031 
Current Price: 1.6123

Currency:USD/JPY 
News: Asian regional stock markets regain early losses but still down 0.5% on average. No major rates or policy change expected from BoJ.
Daily Forecast:Bearish 
Open: 89.81 
Current Price: 90.24

Currency:USD/CAD 
News: Crude oil fell last week 
Daily Forecast: Consolidating 
Open: 1.0575 
Current Price: 1.0551

Currency:USD/CHF 
News: In Jan ZEW investor confidence rose to 56.2 
Daily Forecast: Consolidating 
Open: 1.0410 
Current Price: 1.0413

Currency:AUD/USD 
News: Australian Q4 goods PPI -1.5% YoY
Daily Forecast: Consolidating 
Open: 0.9004 
Current Price: 0.9055

Currency:NZD/USD 
News; New Zealand’s dollars gained, as demand for riskier assets rose on speculation that Federal Reserve Chairman Ben S. Bernanke will be confirmed for a second term. 
Daily Forecast: Consolidating 
Open: 0.7095 
Current Price: 0.7139
Due for release today is the AUD PPI q/q and the USD Existing Home Sales.

By Ultimate Forex Profits

Currency: EUR/USD 
News: In December U.S. housing starts dropped 4% (YoY)  
Daily Forecast: Consolidating 
Open: 1.4499 
Current Price: 1.4387

Currency:GBP/USD 
News: U.K. jobless claims fell 15,200 in December, this was the fastest pace since April 2007, 
Daily Forecast:Bullish 
Open: 1.6289 
Current Price: 1.6228

Currency:USD/JPY 
News: Japanese FinMin says G7 may raise issue of Chinese Yuan
Daily Forecast:Bearish 
Open: 91.22 
Current Price: 91.54

Currency:USD/CAD 
News: In December Canada’s consumer price index fell 0.3% 
Daily Forecast:Consolidating 
Open: 1.0462 
Current Price: 1.0469

Currency:USD/CHF 
News: No significant news 
Daily Forecast:Consolidating 
Open: 1.0438 
Current Price: 1.0449

Currency:AUD/USD 
News: Australian new car sales were +3.3% in December 
Daily Forecast:Consolidating 
Open: 0.9097 
Current Price: 0.9120

Currency:NZD/USD 
News: NZ retail sales +0.8% s 0.5% expectations 
Daily Forecast:Consolidating 
Open: 0.7213 
Current Price: 0.7204

By Ultimate Forex Profits

Currency: EUR/USD 
News: In Jan the German ZEW economic survey dropped to 47.2  
Daily Forecast: Bullish 
Open: 1.4286 
Current Price: 1.4314

Currency:GBP/USD 
News: President Obama’s Health Reform Bill is in doubt after the Republicans win Teddy Kennedys old seat 
Daily Forecast:Bearish 
Open: 1.6356 
Current Price: 1.6260

Currency:USD/JPY 
News: Japan Airlines filed court protection from creditors 
Daily Forecast:Bullish 
Open:91.11 
Current Price: 90.83

Currency:USD/CAD 
News: Yesterday, Bank of Canada kept interest rates unchanged appreciation. 
Daily Forecast:Bearish 
Open:1.0311 
Current Price: 1.0359

Currency:USD/CHF 
News: Global equities fell 
Daily Forecast:Bearish 
Open: 1.0326 
Current Price: 1.0398

Currency:AUD/USD 
News: Austrailia January consumer confidence +5.6%
Daily Forecast:Bullish 
Open:0.9230 
Current Price:0.9140

Currency:NZD/USD 
News: NZ Q3 CPI, -0.2%
Daily Forecast:Bullish 
Open: 0.7351 
Current Price: 0.7256

By Ultimate Forex Profits

Currency: EUR/USD
News: European finance ministers do not intend to help Greece
Daily Forecast: BULLISH
Open: 1.4382
Current Price: 1.4404

Currency: GBP/USD
News: During the Asian session Sterling was again the best performing currency after reports that the Kraft/Cadbury deal was nearing completion BULLISH 1.6339 1.6414
USD/JPY Japan Airlines set to file for bankruptcy
Daily Forecast:CONSOLIDATING
Open: 90.77
Current Price: 90.56

Currency:USD/CAD
News: In November, foreign investors purchased CAD10.5billion Canadian securities
Daily Forecast:BEARISH
Open: 1.0259
Current Price: 1.0252

Currency: USD/CHF
News: Global equities improved
Daily Forecast:BEARISH
Open: 1.0247
Current Price: 1.0235

Currency:AUD/USD
News: Global equities improved
Daily Forecast:BULLISH
Open: 0.9259
Current Price: 0.9260

Currency:NZD/USD
News: Global equities rebounded and market risk receded yesterday.
Daily Forecast:BULLISH
Open:0.7386
Current Price: 0.7401

Due for release today is the GBP CPI y/y, Due for release today is the EUR German ZEW Economic Sentiment, GBP BOE Inflation Letter, CAD BOC Rate Statement, CAD Overnight Rate, TIC Long-Term Purchases, BOE Gove King Speaks and NZD CPI q/q.

By Ultimate Forex Profits