Forex Blog by Greg Secker

Forex Currency: EUR/USD 
News: Warning: Moody’s may downgrade Greece and Portugal in the next 4 weeks. 
Comment: Consolidating 
Open: 1.2719 
Current Price: 1.2721

Forex Currency: GBP/USD 
News: Hung parliament caused uncertainties. 
Comment: Consolidating 
Open: 1.4766 
Current Price: 1.4782

Forex Currency: USD/JPY 
News: Yesterday, global equities rose. 
Comment: Consolidating 
Open: 92.61 
Current Price: 92.61

Forex Currency: USD/CAD 
News: Yesterday, crude oil and equities rose.
Comment: Consolidating 
Open: 1.0277 
Current Price: 1.0277

Forex Currency: USD/CHF 
News: Yesterday, the Swiss central bank stated that it may limit the Swiss franc from rising too quickly. 
Comment: Consolidating 
Open: 1.1119 
Current Price: 1.1123

Forex Currency: AUD/USD 
News: Yesterday, global equities rebounded. 
Comment: Consolidating 
Open: 0.8965 
Current Price: 0.8964

Forex Currency: NZD/USD 
News: Yesterday, global equities rebounded. 
Comment:Consolidating 
Open: 0.7180 
Current Price: 0.7178

Due for release today is the GBP Manufacturing Production m/m, AUD Annual Budget Release, CHF SNB Chairman Hildebrand Speaks and AUD Home Loans m/m.

Foreign Exchange Report

Forex Currency: EUR/USD
News: There was concern in the markets that Greece may make a 30 billion deficit cut.
Comment: Consolidating
Open: 1.2981
Current Price: 1.2970

Forex Currency: GBP/USD
News: The U.K’s PMI Manufacturing rose in April to 58.0, which was better than market estimates
Comment: Consolidating
Open: 1.5156
Current Price: 1.5133

Forex Currency: USD/JPY
News: Yesterday, global equities fell
Comment: Consolidating
Open: 94.80
Current Price: 94.66

Forex Currency: USD/CAD
News: Yesterday crude oil prices plunged 4%
Comment: Bearish
Open: 1.0245
Current Price: 1.0246

Forex Currency: USD/CHF
News: Swiss Franc suppressed due to the growing concerns on the European debt crises.
Comment: Consolidating
Open: 1.1031
Current Price: 1.1043

Forex Currency: AUD/USD
News: Yesterday, the Reserve Bank of Australia lifted the rate by 25 bps.
Comment: Consolidating
Open: 0.9111
Current Price: 0.9090

Forex Currency: NZD/USD
News: Yesterday, global equities fell.
Comment: Consolidating
Open: 0.7213
Current Price: 0.7197

Due for release today is the USD ADP Non-Farm employment Change, USD ISM Non-Manufacturing PMI, NZD Employment Change q/q, NZD Unemployment Change, AUD Retail Sales m/m and the AUD Trade Balance.

Forex Currency: EUR/USD
News: There was concern whether Greece could make 30 billion euros of wage cuts and tax hikes in exchange for a 110 billion euro emergency aid package.
Comment: Consolidating
Open: 1.3189
Current Price: 1.3175

Forex Currency: GBP/USD
News: There is ongoing concern that the general election will create a government needed with the support needed to reduce the nation’s budget deficit.
Comment: Consolidating
Open: 1.5236
Current Price: 1.5234

Forex Currency: USD/JPY
News: Yesterday, U.S equities and commodity prices surged
Comment: Consolidating
Open: 94.98
Current Price: 94.89

Forex Currency: USD/CAD
News: Yesterday, U.S equities and commodity prices surged
Comment: Bearish
Open: 1.0102
Current Price: 1.0139

Forex Currency: USD/CHF
News: Yesterday, U.S equities and commodity prices surged
Comment: Consolidating
Open: 1.0858
Current Price: 1.0872

Forex Currency: AUD/USD
News: Concern of Australia’s plans to impose 40% of tax regime on resource companies will cut billions from profits
Comment: Consolidating
Open: 0.9263
Current Price: 0.9199

Forex Currency: NZD/USD
News: In Q1, New Zealand’s private wages rose 0.3%.
Comment: Consolidating
Open: 0.7305
Current Price: 0.7275

Due for release today is the AUD Cash Rate, AUD RBA Rate Statement, GBP Manufacturing PMI, USD Pending Homer Sales, AUD Building Approvals m/m.