Forex Blog by Greg Secker

FX Report

Currency: EUR/USD
News: Yesterday, the Greek Auction of 12 year bonds drew less than the market expected
Comment: Bearish
Open: 1.3420
Current Price: 1.3409
 
Currency:GBP/USD
News: U.K. GDP was revised up 0.4% in Q4 last year
Comment: Bearish
Open: 1.5071
Current Price: 1.5066
 
Currency:USD/JPY
News: Japan’s PMI fell to 52.4
Comment: Consolidating
Open: 92.77
Current Price: 93.22
 
Currency:USD/CAD
News: In Feb, Canada’s raw material price index rose 0.4%
Comment: Consolidating
Open: 1.0196
Current Price: 1.0187
 
Currency:USD/CHF
News: U.S. Equities rose
Comment: Consolidating
Open: 1.0660
Current Price: 1.0672
 
Currency:AUD/USD
News: Reserve Bank of Australia Govenor  signaled that interest rates  may need to be increased
Comment: Consolidating
Open: 0.9183
Current Price: 0.9144
 
Currency:NZD/USD
News: U.S. Equities rose
Comment: Consolidating
Open: 0.7096
Current Price: 0.7096
 
 
Due for release today is the CHF KOF Economic Barometer, USD ADP Non-Farm Employment Change, CAD GDP m/m, JPY Tankan Manufacturing Index, AUD Trade Balance and CNY Manufacturing PMI.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: Greece sells 5 billion Euros of 7 year debt at 5.9%.
Comment: Bearish
Open: 1.3473
Current Price: 1.3526

Currency: GBP/USD
News: Standards and Poor confirmed UK’s top credit rating.
Comment: Bearish
Open: 1.4977
Current Price: 1.5050

Currency: USD/JPY
News: US equities and gold rise.
Comment: Consolidating
Open: 92.54
Current Price: 92.49

Currency: USD/CAD
News: US equities and gold rise.
Comment: Consolidating
Open: 1.0210
Current Price: 1.0187

Currency: USD/CHF
News: US equities and gold rise.
Comment: Consolidating
Open: 1.0622
Current Price: 1.0631

Currency: AUD/USD
News: Reserve Bank of Australia Governor signaled that interest rates could increase further to contain inflation.
Comment: Consolidating
Open: 0.9168
Current Price: 0.9201

Currency: NZD/USD
News: In February NZ building permits rose 5.9%.
Comment: Consolidating
Open: 0.7091
Current Price: 0.7111

Due for release today is the GBP Final GDP q/q, USD CB Consumer Confidence, AUD Building Approvals m/m, AUD Retail Sales m/m and NZD NBNZ Business Confidence.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: European economic confidence climbed to the highest level since June 2008. 
Comment: Bearish
Open: 1.3411
Current Price: 1.3498

Currency: GBP/USD
News: Bank of England policy maker Andrew Sentance has warned that global disparities in trade flows and domestic demand may re-emerge as economic growth resumes.
Comment: Bearish
Open: 1.4900
Current Price: 1.5011

Currency: USD/JPY
News: In February, Japan’s retail sales rose at the fastest pace in more than a decade 
Comment: Consolidating
Open: 92.45
Current Price: 92.62

Currency: USD/CAD
News: In January, Canada reported a C$265 million ($258 million) budget deficit, in comparison to a surplus a year earlier.
Comment: Consolidating
Open: 1.0270
Current Price: 1.0217

Currency: USD/CHF
News: Rising concern on the Switzerland National Bank may intervene the CHF,
Comment: Consolidating
Open: 1.0648
Current Price: 1.0595

Currency: AUD/USD
News: Australia’s central bank Governor Glenn Stevens stated that house prices are rising ‘quite high’ and signaled that interest rates may need to be increased further avoid inflation.
Comment: Consolidating
Open: 0.9039
Current Price: 0.9133

Currency:NZD/USD
News: New Zealand’s trade surplus widened to NZD 321 million in February, but trailed market estimates,
Comment: Consolidating
Open: 0.7031
Current Price: 0.7108

Due for release today is the USD Core PCE Price Index m/m, USD Personal Spending m/m, USD Treasury Sec Geither Speaks and the GBP MPC Member Dale Speaks.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: European Union agreed to aid Greece, providing there was assistance from the IMF
Comment: Bearish
Open: 1.3286
Current Price: 1.3344

Currency: GBP/USD
News: February UK sales rose 2.1%.
Comment: Bearish
Open: 1.4818
Current Price: 1.4867

Currency: USD/JPY
News: A government official from Japan stated that the central bank should loosen its loosening policy
Comment: Consolidating
Open: 92.65
Current Price: 92.49

Currency: USD/CAD
News: Inflation and economic recovery may have grown faster than expected, States Bank of Canada
Comment: Consolidating
Open: 1.0240
Current Price: 1.0211

Currency: USD/CHF
News: Switzerland National Bank may interfere with CHF
Comment: Consolidating
Open: 1.0731
Current Price: 1.0711

Currency: AUD/USD
News: The economic leading indicator in Australia fell 0.1% in Jan.
Comment: Consolidating
Open: 0.9082
Current Price: 0.9112

Currency: NZD/USD
News: In February, New Zealand’s trade surplus increased to NZD 321
Comment: Consolidating
Open: 0.7039
Current Price: 0.7083

Due for release today is the EUR Economic Summit.

by Ultimate Forex Profits – Greg Secker – Traders University

FX Report

Currency: EUR/USD
News: Germany and France agreed to involve International Monetary Fund in aid package to Greece
Comment: Bullish
Open: 1.3494
Current Price: 1.3426

Currency: GBP/USD
News: It is expected that Darling will stand by his growth forecasts of between 1and 1.5 per cent this year.
Comment: Bullish
Open: 1.5003
Current Price: 1.4974

Currency: USD/JPY
News: Japan’s exports climbed at the fastest pace in 30 years in February
Comment: Consolidating
Open: 90.45
Current Price: 90.54

Currency: USD/CAD
News: Bank of Canada Governor Mark Carney today may announce interest-rate increases in coming months
Comment: Consolidating
Open: 1.0162
Current Price: 1.0170

Currency: USD/CHF
News: Global equities rose
Comment: Bearish
Open: 1.0575
Current Price: 1.0623

Currency: AUD/USD
News: Today a government report showed,  an Australian index measuring the number of jobs available for skilled workers rose 2.4% between March and  February
Comment: Consolidating
Open: 0.9186
Current Price: 0.9166

NZD/USD
New Zealand’s current-account deficit narrowed less than economists expected 
Consolidating
0.7050
0.7042

Due for release today is the EUR German Ifo Business Climate, GBP Annual Budget release, Core Durable Goods Orders m/m, New Home Sales and the NZD GDP q/q.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: Yesterday Jean Claude Trichet stated that if necessary the central bank will rescue Greece
Comment: Bullish
Open: 1.3566
Current Price: 1.3517

Currency: GBP/USD
News: U.K may announce a fiscal deficit reduction program
Comment: Bullish
Open: 1.5107
Current Price: 1.5039

Currency: USD/JPY
News: Short-term interbank rate of USD widened
Comment: Consolidating
Open: 90.07
Current Price: 90.16

Currency: USD/CAD
News: Gold prices dropped
Comment: Consolidating
Open: 1.0179
Current Price: 1.0205

Currency: USD/CHF
News: In February, Switzerland’s M3 money supply rose 6.1% 
Comment: Bearish
Open: 1.0576
Current Price: 1.0608

Currency: AUD/USD
News: Global equities rose
Comment: Consolidating
Open: 0.9183
Current Price: 0.9156

Currency: NZD/USD
News: Global equities rose
Comment: Consolidating
Open: 0.7062
Current Price:0.7054

Due for release today is the CHF SNB Chairman Hildebrand Speaks, GBP CPI y/y, GBP CBI Realized Sales, USD Existing Home Sales and the NZD Current Account.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: Merkel states that EU summit will not agree on any aid package for Greece
Comment: Consolidating
Open: 1.3527
Current Price: 1.3509

Currency: GBP/USD
News: CBI:  States that the U.K.’s economic recovery will be slow this year 
Comment: Bearish
Open: 1.5016
Current Price: 1.4646

Currency: USD/JPY
News: Japan: could  provide unlimited guarantees for Samurai bond sales 
Comment: Consolidating
Open: 90.53
Current Price: 90.62

Currency: USD/CAD
News: Stronger CPI and retail sales reports, with BoC implications
Comment: Consolidating
Open: 1.0176
Current Price: 1.0165

Currency: USD/CHF
News: Switzerland’s government has stated that its economy will shrink by 2.2% this year
Comment: Consolidating
Open: 1.0608
Current Price:1.0614

Currency: AUD/USD
News: The Australian dollar slid, as lower commodity and equity prices dented demand for higher-yielding assets.
Comment: Bearish
Open: 0.9158
Current Price: 0.9125

Currency: NZD/USD
News: New Zealand’s currency weakened after a surprise interest- rate increase by India
Comment: Bearish
Open: 0.7085
Current Price: 0.7065

Due for release today is the EUR ECB President Trichet Speaks and the GBP BOE Gov King Speaks.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: Easing concern on euro area debt crisis
Comment: Bullish
Open: 1.3733
Current Price: 1.3664

Currency: GBP/USD
News: In Feb UK Jobless claims fell to 32,300
Comment: Bullish
Open: 1.5316
Current Price: 1.5291

Currency: USD/JPY
News: BOJ expands QE program
Comment: Consolidating
Open: 90.30
Current Price: 90.20

Currency: USD/CAD
News: Crude oil rises
Comment: Bearish
Open: 1.0098
Current Price: 1.0125

Currency: USD/CHF
News: Regional equities improved
Comment: Bearish
Open: 1.0542
Current Price: 1.0579

Currency: AUD/USD
News: RBA Assistant Governor states that rates are likely to increase further
Comment: Bullish
Open: 0.9235
Current Price: 0.9208

Currency: NZD/USD
News: Regional equities improved
Comment: Bullish
Open: 0.7136
Current Price: 0.7122
Due for release today is the GBP Public Sector Net Borrowing, USD Core CPI m/m, USD Unemployment claims and USD Philly Fed Manufacturing Index.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: Yesterday, the Fed pledged to keep the interest rates unchanged
Comment:Bullish
Open: 1.3772
Current Price: 1.3813

Currency: GBP/USD
News: U.K. finance minister stated that the introduction of a fiscal deficit reduction program may be on the cards
Comment:Bullish
Open: 1.5250
Current Price: 1.5262

Currency: USD/JPY
News: Speculation that BOJ may expand the QE program
Comment:Consolidating
Open: 90.24
Current Price: 90.47

Currency: USD/CAD
News: Yesterday, Gold and crude oil prices surged 
Comment:Bearish
Open: 1.0133
Current Price: 1.0132

Currency: USD/CHF
News: Swizerland’s government revised up this year’s  economic
Comment:Bearish
Open: 1.0544
Current Price: 1.0526

Currency: AUD/USD
News: RBA stated concerns on the Euro area debt crises
Comment:Bullish
Open: 0.9195
Current Price: 0.9201

Currency: NZD/USD
News: Global equities rebounded.
Comment:Consolidating
Open: 0.7131
Current Price: 0.7125

Due for release today is the JPY BOJ Press Conference, GBP Claimant Count Change, GBP MPC Meetings and USD PPI m/m.

by Ultimate Forex Profits