Jun 29
Forex Currency: EUR/USD
News: Concern on the maturity of European Central Bank’s long term refinancing operations tools, it may tighten the credit market
Comment: Consolidating
Open: 1.2281
Current Price: 1.2238
Forex Currency: GBP/USD
News: Yesterday, a member of BOE stated that U.K. may hike rate
Comment: Bullish
Open: 1.5093
Current Price:1.5083
Forex Currency: USD/JPY
News: Yesterday, Global equities rebounded.
Comment: Consolidating
Open: 89.34
Current Price:88.79
Forex Currency: USD/CAD
News: Yesterday, gold and crude oil prices retreated and limited the upside of the loonie.
Comment: Bearish
Open: 1.0351
Current Price:1.0366
Forex Currency: USD/CHF
News: Yesterday, the Swiss National Bank reiterated that deflation risk had receded.
Comment: Consolidating
Open:1.0867
Current Price: 1.0875
Forex Currency: AUD/USD
News: Appreciation of CNY had not been discussed at the G20 meeting.
Comment: Bullish
Open:0.8715
Current Price:0.8637
Forex Currency: NZD/USD
News: New Zealand’s building permits sharply fell 9.6% in May, worse than prior month of 8.4% gain.
Comment: Bullish
Open:0.7081
Current Price:0.7008
Due for release today is the USD CB Consumer Confidence.
Tagged with: Foreign Exchange • Forex • Forex Currency
Jun 24
Forex Market Report 24th June 2010
Forex Currency: EUR/USD
News: The U.S. Federal Reserve’s statement showed its negative view on the economic outlook
Comment: Consolidating
Open: 1.2310
Current Price: 1.2332
Forex Currency: GBP/USD
News: The BOE’s latest interest rate minutes showed that a committee member favoured the rate hike decision.
Comment: Consolidating
Open: 1.4956
Current Price: 1.1972
Forex Currency: USD/JPY
News: Yesterday, global equities retreated.
Comment: Consolidating
Open: 89.93
Current Price: 89.84
Forex Currency: USD/CAD
News: In April, Canada’s retail sales fell 2% and the core figure was down 1.2%.
Comment: Bearish
Open: 1.0391
Current Price: 1.0391
Forex Currency: USD/CHF
News: Yesterday, global equities retreated.
Comment: Consolidating
Open: 1.1051
Current Price: 1.1035
Forex Currency: AUD/USD
News: Kevin Rudd stepped down as Prime Minister of Australia.
Comment: Bullish
Open: 0.8738
Current Price: 0.8737
Forex Currency: NZD/USD
News: In Q1, New Zealand’s GDP rose 0.6%.
Comment: Bullish
Open: 0.7130
Current Price: 0.7121
Due for release today is the USD Core Durable Goods Orders m/m and USD Unemployment Claims.
Tagged with: Forex • USD
Jun 23
Forex Report 23rd June 2010
Forex Currency: EUR/USD
News: In May, the U.S. Existing Home Sales in May fell 2.2%
Comment: Consolidating
Open: 1.2266
Current Price: 1.2286
Forex Currency: GBP/USD
News: Yesterday, the British government launched its plan to ease the fiscal deficits.
Comment: Consolidating
Open: 1.4803
Current Price: 1.4846
Forex Currency: USD/JPY
News: Global equities surged yesterday and market risk climbed, which favoured the yen.
Comment: Consolidating
Open: 90.48
Current Price: 90.41
Forex Currency: USD/CAD
News: Yesterday, in the US Crude oil prices and US equities declined.
Comment: Consolidating
Open: 1.0284
Current Price: 1.0304
Forex Currency: USD/CHF
News: Yesterday, global equities retreated
Comment: Bearish
Open: 1.1074
Current Price: 1.1063
Forex Currency: AUD/USD
News: On the curbed expectations on RMB revaluation.
Comment: Bullish
Open: 0.8714
Current Price: 0.8707
Forex Currency: NZD/USD
News: Yesterday, global equities retreated
Comment: Bullish
Open: 0.7045
Current Price: 0.7059
Due today is the GBP MPC Meeting Minutes, CAD Core Retail Sales m/m, USD New Home Sales, USDFOMC Statement, Federal Funds Rate and NZD GDP q/q.
Tagged with: currency • Forex
Jun 22
Foreign Exchange Report 22nd June 2010
Forex Currency: EUR/USD
News: Yesterday, Fitch Ratings cut a major French bank’scredit rating
Comment: Consolidating
Open: 1.2321
Current Price: 1.2312
Forex Currency: GBP/USD
News: Yesterday, Fitch Ratings cut a major French bank’s credit rating
Comment:Consolidating
Open:1.4757
Current Price:1.4742
Forex Currency: USD/JPY
News: Yesterday, global equities surged and market risk receded.
Comment:Consolidating
Open:91.00
Current Price:90.81
Forex Currency: USD/CAD
News: Yesterday, crude oil prices rose.
Comment:Bearish
Open:1.0233
Current Price:1.0230
Forex Currency: USD/CHF
News: Yesterday, global equities surged and market risk receded.
Comment:Consolidating
Open:1.1116
Current Price:1.1108
Forex Currency: AUD/USD
News: The People’s Bank of China announced to allow a more flexible currency rate.
Comment:Bullish
Open:0.8760
0.8773
Forex Currency: NZD/USD
News: Yesterday, global equities surged and market risk receded.
Comment:Bullish
Open:0.7080
Current Price:0.7075
Due for release today is the EUR German Ifo Business Climate, GBP Annual Budget Release, USD Existing Home Sales and NZD Current Account.
Tagged with: Foreign Exchange • Forex
Jun 18
Forex Market Report 18th June 2010
Forex Currency: EUR/USD
News: In May, U.S. industrial production rose to 1.2%.
Comment: Bearish
Open: 1.2378
Current Price: 1.2371
Forex Currency: GBP/USD
News: British government plans to abolish the Financial Services Authority, this undermined the pound.
Comment:consolidating
Open: 1.4813
Current Price: 1.4821
Forex Currency: USD/JPY
News: Yesterday, US equities fell and market risk improved.
Comment:consolidating
Open: 90.91
Current Price: 90.77
Forex Currency: USD/CAD
News: The Russian central bank has stated that it may add the aussie and loonie into its international reserves.
Comment:consolidating
Open: 1.0274
Current Price: 1.0295
Forex Currency: USD/CHF
News: Yesterday, US equities fell and market risk picked up
Comment:consolidating
Open: 1.1120
Current Price: 1.1123
Forex Currency: AUD/USD
News: The Russian central bank has stated that it may add the aussie and loonie into its international reserves.
Comment:Bullish
Open: 0.8671
Current Price: 0.8670
Forex Currency: NZD/USD
News: Yesterday US equities fell and market risk improved,this limited the upside of the kiwi.
Comment:Bullish
Open: 0.7043
Current Price: 0.7034
No high impact news due to be released today.
Tagged with: currency • Forex Market
Jun 16
Foreign Exchange Report 16th June 2010
Forex Currency: EUR/USD
News: Moody’s Investors Service lowered Greece’s credit rating to non-investment grade
Comment: Bearish
Open: 1.2323
Current Price: 1.2328
Forex Currency: GBP/USD
News: BOE will have to raise interest rates
Comment: Consolidating
Open:1.4800
Current Price:1.4804
Forex Currency: USD/JPY
News: Moody’s Investors Service lowered Greece’s credit rating to non-investment grade
Comment: Consolidating
Open:91.51
Current Price:91.56
Forex Currency: USD/CAD
News: The mix performance of crude oil prices and U.S.Equities, reduced potential of the loonie
Comment: Consolidating
Open:1.0250
Current Price:1.0249
Forex Currency: USD/CHF
News: In May, Switzerland’s producer and import prices rose 1.4%
Comment: Consolidating
Open:1.1336
Current Price:1.1289
Forex Currency: AUD/USD
News: The mix performance of crude oil prices and U.S.Equities, reduced potential of the loonie
Comment: Bullish
Open:0.8645
Current Price:0.8647
Forex Currency: NZD/USD
News: In May REINZ house sales dropped 17.2% (YoY)
Comment: Bullish
Open:0.6981
Current Price:0.6952
Due for release today is the GBP Claimant Count Change, USD Building Permits, USD PPI m/m, GBP BOE Gov King Speaks and USD Fed Chairman Bernanke Speaks.
Tagged with: Forex • Interest rates
Jun 15
Forex Market Report 15th June 2010
Forex Currency: EUR/USD
News: Moody’s lowered Greece’s credit rating to non-investment grade.
Comment: Bearish
Open: 1.2213
Current Price: 1.2175
Forex Currency:GBP/USD
News: Speculation that the BOE will raise interest rates.
Comment: Consolidating
Open: 1.4732
Current Price: 1.4711
Forex Currency:USD/JPY
News: Moody’s lowered Greece’s credit rating to non-investment grade.
Comment: Consolidating
Open: 91.62
Current Price: 91.15
Forex Currency:USD/CAD
News: The mix performance of crude oil prices and U.S.equities limited the loonie.
Comment: Consolidating
Open: 1.0330
Current Price: 1.0327
Forex Currency:USD/CHF
News: In May, Switzerland’s producer and import prices rose 1.4%.
Comment: Consolidating
Open: 1.1428
Current Price: 1.1457
Forex Currency:AUD/USD
News: Mixed performance of crude oil prices and U.S.Equities.
Comment: Bullish
Open: 0.8581
Current Price: 0.8516
Forex Currency:NZD/USD
News: In May, REINZ house sales dropped 17.2% (YoY).
Comment: Bullish
Open: 0.6942
Current Price: 0.6901
Due for release today is the JPY BOJ Press Conference, GBP CPI y/y, EUR German ZEW Economic Sentiment, GBP Inflation Report Hearings and USD TIC Long-Term Purchases.
Tagged with: currency • Forex Market
Jun 14
Foreign Exchange Report 14th June 2010
Forex Currency: EUR/USD
News: In April, the U.S.’s trade deficit in April widened to USD40.3 billion.
Comment: Bearish
Open: 1.2110
Current Price: 1.2195
Forex Currency: GBP/USD
News: The BOE left the interest rates unchanged.
Comment: Consolidating
Open: 1.4555
Current Price:1.4650
Forex Currency: USD/JPY
News: Yesterday, global equities and commodity prices climbed.
Comment:Consolidating
Open: 91.64
Current Price:91.96
Forex Currency: USD/CAD
News: Yesterday, as crude oil prices and U.S. equities sharply rose
Comment:Consolidating
Open: 1.0326
Current Price:1.0298
Forex Currency: USD/CHF
News: Yesterday, as crude oil prices and U.S. equities sharply rose
Comment:Consolidating
Open: 1.1487
Current Price:1.1444
Forex Currency: AUD/USD
News: Australia posted better-than-forecast employment data.
Comment:Consolidating
Open: 0.8502
Current Price:0.8571
Forex Currency:NZD/USD
News: Yesterday, New Zealand’s central bank increased interest rates by 25bps to 2.75%
Comment:Consolidating
Open: 0.6897
Current Price:0.6937
Due for release today is the AUD Monetary Policy Meetings Minutes.
Tagged with: Foreign Exchange • Forex
Jun 11
11th June 2010 Foreign Exchange Report
Forex Currency: EUR/USD
News: In April, the U.S.’s trade deficit in April widened to USD40.3 billion.
Comment: Bearish
Open: 1.2107
Current Price: 1.2115
Forex Currency: GBP/USD
News: The BOE left the interest rates unchanged.
Comment: Consolidating
Open: 1.4696
Current Price: 1.4733
Forex Currency: USD/JPY
News: Yesterday, global equities and commodity prices climbed.
Comment: Consolidating
Open: 91.38
Current Price: 91.57
Forex Currency: USD/CAD
News: Yesterday, as crude oil prices and U.S. equities sharply rose
Comment: Consolidating
Open: 1.0307
Current Price: 1.0310
Forex Currency: USD/CHF
News: Yesterday, as crude oil prices and U.S. equities sharply rose
Comment: Consolidating
Open: 1.1433
Current Price: 1.1436
Forex Currency: AUD/USD
News: Australia posted better-than-forecast employment data.
Comment: Consolidating
Open: 0.8485
Current Price: 0.8458
Forex Currency: NZD/USD
News: Yesterday, New Zealand’s central bank increased interest rates by 25bps to 2.75%
Comment: Consolidating
Open: 0.6848
Current Price: 0.6822
Due for release today is the GBP Manufacturing Production m/m, GBP PPI Input m/m, USD Core Retail Sales m/m, USD Retail Sales m/m and USD Prelim UoM Inflation Expectations.
Jun 10
10th June 2010 Foreign Exchange Report
Forex Currency: EUR/USD
News: Bernanke stated the U.S. recovery isn’t as strong as he prefers
Comment: Bearish
Open: 1.1984
Current Price: 1.2078
Forex Currency: GBP/USD
News: Speculation the central bank may keep the size of the stimulus plan
Comment: Consolidating
Open: 1.4536
Current Price: 1.4617
Forex Currency: USD/JPY
News in: Q1 Japan’s gross domestic product rose at an annual 5%
Comment: Consolidating
Open: 91.31
Current Price: 91.41
Forex Currency: USD/CAD
News: Yesterday, crude oil prices rose sharply
Comment: Consolidating
Open: 1.0443
Current Price: 1.0315
Forex Currency: USD/CHF
News: Yesterday, upside to CHF on speculation that the Swiss National Bank might intervene the franc.
Comment: Consolidating
Open: 1.1480
Current Price: 1.1425
Forex Currency: AUD/USD
News: In May, Australia’s employment recorded a 26,900 of gain and unemployment rate fell from 5.4% to 5.2%.
Comment: Consolidating
Open: 0.8279
Current Price: 0.8469
Forex Currency: NZD/USD
News: New Zealand’s central bank raised interest rate by 25bps to 2.75%.
Comment: Consolidating
Open: 0.6715
Current Price: 0.6855
Due for release today is the GBP Asset Purchase Facility, GBP Official Bank Rate. EUR Minimum Bid Rate, CAD Trade Balance, EUR ECB Press Conference and USD Trade Balance, USD Unemployment Claims.
