Jun 09

EU goes ahead with plans for bank tax levy

Experiences No Comments »

Forex Report 9th June 2010

Forex Currency: EUR/USD 
News: In April, German factory orders unexpectedly increased 2.8% 
Comment: Bearish 
Open: 1.1964 
Current Price: 1.1954

Forex Currency: GBP/USD 
News:  In May, the British Retail Consortium said U.K. retail sales rose.  
Comment:  Consolidating 
Open 1.4448 
Current Price: 1.14450
Forex Currency: USD/JPY 
News:  A major U.S. bank was subpoenaed after it failed to hand over documents in a timely manner in the financial-crisis investigation.  
Comment:  Consolidating 
Open: 91.53 
Current Price: 91.51

Forex Currency: USD/CAD 
News:  The volatility of CAD is low 
Comment:  Consolidating 
Open: 1.0475 
Current Price: 1.0479

Forex Currency: USD/CHF 
News:  Yesterday, U.S. equities plunged . 
Comment:  Consolidating 
Open: 1.1533 
Current Price: 1.1522

Forex Currency: AUD/USD 
News: U.S. equities and crude oil prices were suppressed. 
Comment:  Consolidating 
Open: 0.8267 
Current Price: 0.8259

Forex Currency: NZD/USD 
News:  U.S. equities and crude oil prices were suppressed.
Comment:  Consolidating 
Open: 0.6668 
Current Price: 0.6655
Due for release today is the USD Fed Chairman Bernanke Testifies, USD Fed Chairman Bernanke Speaks, NZD Cash Rate, RBNZ Press Conference, RBNZ Rate Statement, NZD RBNZ Gov Bollard Speaks, AUD Employment Change, AUD Unemployment Change and AUD RBA Gov Stevens Speaks.

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Jun 08

Markets drop on debt fears

Foreign Exchange 1 Comment »

Forex Report 8th June 2010

Forex Currency: EUR/USD 
News: In May, the ISM U.S. non-manufacturing index held at 55.4, expanding for a fifth month. 
Comment: Bearish 
Open: 1.1914 
Current Price 1.1954

Forex Currency: GBP/USD 
News: The Yen weakened due to  speculation of Prime Minister Yukio Hatoyama being succeeded by Finance MinisterNaoto Kan 
Comment: Consolidating 
Open: 1.4621 
Current Price1.4487

Forex Currency: USD/JPY 
News: In May, U.K. nationwide housing prices rose 9.8% (YoY), topped market estimates. 
Comment: Consolidating 
Open: 91.46 
Current Price: 91.76

Forex Currency: USD/CAD 
News: Yesterday, U.S. equities and crude oil prices advanced. 
Comment: Consolidating 
Open: 1.0607
Current Price: 1.0553

Forex Currency: USD/CHF 
News: Yesterday, U.S. equities and crude oil prices advanced. 
Comment: Consolidating 
Open: 1.1632 
Current Price: 1.1619

Forex Currency: AUD/USD 
News: In April, Australia unexpectedly recorded AUD 134 million of trade surplus in April.
Comment: Consolidating 
Open: 0.8092 
Current Price: 0.8185

Forex Currency: NZD/USD 
News: Yesterday, U.S. equities and crude oil prices advanced. 
Comment: Consolidating 
Open: 0.6585 
Current Price: 0.6631

Due for release today is the CAD Housing Starts and AUD Home Loans m/m.

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Jun 07

In May, U.K. nationwide housing prices rose 9.8%

Experiences No Comments »

Forex Currency: EUR/USD 
News: In May, the ISM U.S. non-manufacturing index stayed at 55.4. 
Comment: Bearish 
Open: 1.1969 
Current Price: 1.1938

Forex Currency: GBP/USD 
News: In May, U.K. nationwide housing prices rose 9.8% (YoY). 
Comment: Consolidating 
Open: 1.4460 
Current Price: 1.4399

Forex Currency: USD/JPY 
News: Yen weakened as there was speculation that Prime Minister Yukio Hatoyama will be succeeded by Finance Minister Naoto Kan 
Comment: Consolidating 
Open:91.69 
Current Price: 91.44

Forex Currency: USD/CAD 
News: Yesterday, U.S. equities and crude oil prices advanced. 
Comment: Consolidating 
Open:1.10624 
Current Price: 1.10630

Forex Currency: USD/CHF 
News: Yesterday, U.S. equities and crude oil prices advanced. 
Comment: Consolidating 
Open:1.1627 
Current Price: 1.1646

Forex Currency:  AUD/USD 
News: In April, Australia  unexpectedly recorded AUD 134 million of trade surplus
Comment:  Consolidating 
Open:0.8232 
Current Price: 0.8151

Forex Currency: NZD/USD 
News: Yesterday, U.S. equities and crude oil prices advanced
Comment: Consolidating 
Open:0.6703 
Current Price:0.6649

Due for release today is the USD Fed Chairman Bernanke Speaks.

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Jun 04

Yen weakened as there was speculation that Prime Minister Yukio Hatoyama will be succeeded by Finance Minister Naoto Kan

Experiences No Comments »

Forex Report 4th June 2010

Forex Currency: EUR/USD 
News: In May, the ISM U.S. non-manufacturing index stayed at 55.4. 
Comment: Bearish 
Open: 1.2161 
Current Price: 1.2178

Forex Currency: GBP/USD 
News:  In May, U.K. nationwide housing prices rose 9.8% (YoY).
Comment: Consolidating 
Open: 1.4620 
Current Price: 1.4636

Forex Currency: USD/JPY 
News:  Yen weakened as there was speculation that Prime Minister Yukio Hatoyama will be succeeded by Finance Minister Naoto Kan 
Comment: Consolidating 
Open: 92.57 
Current Price: 92.63

Forex Currency: USD/CAD 
News:  Yesterday, U.S. equities and crude oil prices advanced. 
Comment: Consolidating 
Open: 1.0407 
Current Price: 1.0396

Forex Currency: USD/CHF 
News:  Yesterday, U.S. equities and crude oil prices advanced. 
Comment: Consolidating 
Open: 1.1568 
Current Price: 1.1540

Forex Currency: AUD/USD 
News:  In April, Australia  unexpectedly recorded AUD 134 million of trade surplus  
Comment: Consolidating 
Open: 0.8418 
Current Price:  0.8447

Forex Currency: NZD/USD 
News:  Yesterday, U.S. equities and crude oil prices advanced
Comment: Consolidating 
Open: 0.6826 
Current Price: 0.6845

Due for release today is the GBP Halifax HPI m/m, CAD Employment Change, CAD Unemployment Rate, Building Permits m/m, Non-Farm Employment Change and USD Unemployment Rate and Ivey PMI.

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Jun 03

Europe to crack down on credit rating agencies

Experiences 1 Comment »

3rd June 2010 Foreign Exchange Report

Forex Currency: EUR/USD
News: The U.S. pending home re-sales rises 6% (MoM) in April.
Comment: Bearish
Open: 1.2249
Current Price: 1.2311

Forex Currency: GBP/USD
New: The resignation of Japanese Prime Minister YukioHatoyama causes concerns about the outlook for the yen.
Comment: Consolidating
Open: 1.4652
Current Price: 1.4734

Forex Currency: USD/JPY
New: In May, U.K. PMI Construction rose to 58.5 .
Comment: Consolidating
Open: 92.22
Current Price: 92.36

Forex Currency: USD/CAD
News: Yesterday, U.S. equities and crude oil prices advanced.
Comment: Consolidating
Open: 1.0384
Current Price: 1.0365

Forex Currency: USD/CHF
New: In April, Switzerland’s retail sales rose 1.3% (YoY)
Comment: Consolidating
Open: 1.1548
Current Price: 1.1503

Forex Currency: AUD/USD
News: In Q1, Australia’s GDP rose 0.5% (QoQ)
Comment: Consolidating
Open: 0.8414
Current Price: 0.8497

Forex Currency: NZD/USD
News: Yesterday, U.S. equities and crude oil prices advanced
Comment: Consolidating
Open: 0.6811
Current Price: 0.6867

Due for release today is the GBP Nationwide HPI m/m, GBP Services PMI, USD ADP Non-Farm Employment Change, USD Unemployment claims and USD ISM Non-manufacturing PMI.

Jun 02

President of Federal Reserve Bank of Chicago indicated European sovereign debt crisis will prompt U.S. central bank to delay rise of interest rates

Experiences 1 Comment »

Forex Report 2nd June 2010

Currency: EUR/USD 
News: President of Federal Reserve Bank of Chicago indicated  that the European sovereign debt crisis will prompt U.S. central bank to delay raising interest rates  
Comment: Consolidating 
Open: 1.2232
Current Price: 1.2206

Currency: GBP/USD 
News: Chief Secretary to the Treasury David Laws resigns over revelations about his parliamentary expenses.  
Comment: Consolidating 
Open: 1.4464 
Current Price: 1.4721

Currency: USD/JPY 
News: Japan’s social Democratic Party left the coalition government
Comment: Consolidating  
Open:91.12 
Current Price: 91.55

Currency: USD/CAD 
News: Canada’s GDP grew 6.1% at annualized 
Comment: Consolidating 
Open:1.0540 
Current Price: 1.0522

Currency: USD/CHF 
News: President of Federal Reserve Bank of Chicago indicated  that the European sovereign debt crisis will prompt U.S. central bank to delay raising interest rates
Comment: Consolidating 
Open:1.1554 
Current Price: 1.1567

Currency: AUD/USD 
News: In April, China PMI Manufacturing fell from 53.9 to 55.7.  
Comment: Consolidating 
Open:0.8325 
Current Price:0.8330

Currency: NZD/USD 
News: President of Federal Reserve Bank of Chicago indicated  that the European sovereign debt crisis will prompt U.S. central bank to delay raising interest rates 
Comment: Consolidating 
Open:0.6763 
Current Price: 0.6755
 
 Due for release today is the CHF Retail Sales y/y, USD Pending Home Sales m/m and the AUD Trade Balance.

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Jun 01

Japan’s social Democratic Party left the coalition government

Experiences No Comments »

Forex Report 1st June 2010

Currency: EUR/USD 
News: President of Federal Reserve Bank of Chicago indicated  that the European sovereign debt crisis will prompt U.S. central bank to delay raising interest rates 
Comment: Consolidating 
Open: 1.2306 
Current Price: 1.2280

Currency: GBP/USD 
News: Chief Secretary to the Treasury David Laws resigns over revelations about his parliamentary expenses. 
Comment: Consolidating 
Open: 1.4532 
Current Price: 1.4532

Currency: USD/JPY 
News: Japan’s social Democratic Party left the coalition government 
Comment: Consolidating 
Open: 91.16 
Current Price: 91.19

Currency: USD/CAD 
News: Canada’s GDP grew 6.1% at annualized .
Comment: Consolidating 
Open: 1.0431 
Current Price: 1.0435

Currency: USD/CHF 
News: President of Federal Reserve Bank of Chicago indicated  that the European sovereign debt crisis will prompt U.S. central bank to delay raising interest rates 
Comment: Consolidating 
Open: 1.1544 
Current Price: 1.1529

Currency: AUD/USD 
News: In April, China PMI Manufacturing fell from 53.9 to 55.7. 
Comment: Consolidating 
Open: 0.8469 
Current Price: 0.8389
Currency: NZD/USD 
News: President of Federal Reserve Bank of Chicago indicated  that the European sovereign debt crisis will prompt U.S. central bank to delay raising interest rates 
Comment: Consolidating 
Open: 0.6815 
Current Price: 0.6707

Due for release today is the AUD Cash Rate, AUD RBA Rate Statement, GBP Manufacturing PMI, CAD BOC Rate Statement, CAD Overnight Rate, USD ISM Manufacturing PMI and the AUD GDP q/q.

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