Jul 14

In May, Canada’s recorded a trade deficit of C$503 million

Experiences 1 Comment »

Forex Currency: EUR/USD 
News: In May, the U.S. trade deficit widened to $42.3 billion in May. 
Comment: Bullish 
Open: 1.2727 
Current Price: 1.2706

Forex Currency: GBP/USD 
News: In June, U.K. inflation rate soared to 3.2% (YoY)  
Comment: Consolidating 
Open: 1.5177 
Current Price: 1.5198

Forex Currency: USD/JPY 
News: Yesterday, U.S. equities and crude oil prices surged.
Comment:Consolidating 
Open: 88.67 
Current Price: 88.96

Forex Currency: USD/CAD
News: In May, Canada’s recorded a trade deficit of C$503 million
Comment:Bearish 
Open: 1.0308 
Current Price: 1.0311

Forex Currency: USD/CHF 
News: Yesterday, U.S. equities and crude oil prices surged 
Comment:Consolidating 
Open: 1.0543 
Current Price: 1.0602

Forex Currency: AUD/USD 
News: In July, Australia’s Westpac consumer confidence rose 11.1%. 
Comment:Consolidating 
Open: 0.8834 
Current Price: 0.8818

Forex Currency: NZD/USD 
News: In May, New Zealand’s retail sales rose 0.4% (MoM) 
Comment:Consolidating
Open: 0.7195 
Current Price: 0.7172

Due for release today is the GBP Claimant Count Change, USD Core Retail Sales, USD Retail Sales m/m, USD FOMC Meeting Minutes, CNY CPI y/y, CNY GDP y/y and CNY GDP q/y.

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Jul 13

S and P warns that UK’s rating is not secure

Foreign Exchange 2 Comments »

Foreign Exchange Report 13th July 2010

Forex Currency: EUR/USD 
News: A German magazine reported that 15% of European banks’ balance sheets may not pass the bank stress test 
Comment: Bullish 
Open: 1.2589 
Current Price: 1.2538

Forex Currency: GBP/USD 
News: S and P affirmed the UK’s AAA rating but maintained a negative outlook 
Comment: Consolidating 
Open: 1.5025 
Current Price: 1.4999

Forex Currency: USD/JPY 
News: Prime Minister Naoto Kan’s election loss could lead to a downgrade of Japan’s credit rating.
Comment: Consolidating 
Open: 88.64 
Current Price: 88.63

Forex Currency: USD/CAD 
News: The Bank of Canada’s quarterly Business Outlook Survey stated that 53% of senior managers believe sales growth will speed up over the next year 
Comment: Bearish 
Open: 1.0366 
Current Price: 1.0372

Forex Currency: USD/CHF 
News: Yesterday, global equities surged  
Comment: Consolidating
Open: 1.0599 
Current Price: 1.0623

Forex Currency: AUD/USD 
News: Yesterday, Crude and gold prices retreated  
Comment: Consolidating 
Open: 0.8768 
Current Price: 0.8701

Forex Currency: NZD/USD 
News: Yesterday, Crude and gold prices retreated 
Comment: Consolidating 
Open: 0.7127 
Current Price: 0.7090

Due for release today is the GBP CPI y/y/, EUR German ZEW Economic Sentiment, CAD Trade Balance, USD Trade Balance, NZD Retail Sales m/m and RBA Gov Stevens Speaks.

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Jul 12

Germany’s bonds are in EU stress test

Foreign Exchange 1 Comment »

Foreign Exchange Report 12th July 2010

Forex Currency: EUR/USD 
News: Yesterday, the ECB left its interest rates unchanged.  
Comment: Bullish 
Open: 1.2639 
Current Price: 1.2574

Forex Currency: GBP/USD 
News: In May, the U.K.’s Industrial Production rose 2.6% year-on-year. 
Comment: Bullish 
Open: 1.5070 
1.4973

Forex Currency: USD/JPY 
News: Yesterday, global equities  surged and market risk Receded. 
Comment: Consolidating 
Open: 88.58 
Current Price: 88.86

Forex Currency: USD/CAD 
News: Yesterday, crude oil price climbed.
Comment: Bearish 
Open: 1.0334 
Current Price: 1.0339

Forex Currency: USD/CHF 
News: Yesterday, global equities surged and market risk receded. 
Comment: Consolidating 
Open: 1.0576 
Current Price: 1.0636

Forex Currency: AUD/USD 
News: In June, Australia’s jobless rate fell to 5.1%. 
Comment: Bullish 
Open: 0.8780 
Current Price: 0.8702

Forex Currency: NZD/USD 
News: Yesterday, global equities rebounded and market risk receded. 
Comment: Consolidating 
Open: 0.7113 
Current Price:0.7053

Due for release today is the GBP Final GDP q/q, USD Fed Chairman Bernanke Speaks and CAD BOC Business Outlook Survey.

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Jul 08

Concern, eased due to the fall of U.S. consumer confidence

Experiences 2 Comments »

Foreign Exchange Report 8th July 2010

Forex Currency: EUR/USD 
News: In May, German factory orders dropped 0.5%  
Comment: Bullish 
Open: 1.2630 
Current Price: 1.2641

Forex Currency: GBP/USD 
News: Concern, eased due to the fall of U.S. consumer confidence 
Comment: Bullish 
Open: 1.5179 
Current Price: 1.5187

Forex Currency: USD/JPY 
News: Japans machinery orders fell 9.1% in May, trailed market estimates, which suppressed the yen. 
Comment: Consolidating 
Open: 87.76 
Current Price: 88.36

Forex Currency:USD/CAD 
News: In, June, Albeit Canada’s Ivey purchasing managers index fell to 58.9  
Comment: Bearish 
Open: 1.0477 
Current Price: 1.0463

Forex Currency: USD/CHF 
News: Yesterday, global equities surged 
Comment: Consolidating 
Open: 1.0521 
Current Price: 1.0551

Forex Currency:AUD/USD 
News: Yesterday, global equities surged 
Comment: Bullish 
Open: 0.8630 
Current Price: 0.8740

Forex Currency:NZD/USD  
News: Yesterday, global equities surged 
Comment: Consolidating 
Open: 0.7025 
Current Price:0.7061

Due for release today is the GBP Halifax HPI M/m, GBP Asset Purchase Facility, MPC Rate Statement, GBP Official Bank Rate, EUR Minimum Bid Rate, EUR ECB Press Conference and the USD Unemployment Claims.

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Jul 06

UK economy grew in second quarter says BCC

Foreign Exchange 1 Comment »

Foreign Exchange Report 6th July 2010

Forex Currency: EUR/USD 
News: In May, the Eurozone’s retail sales in May only rose 0.2%.
Comment: Bullish 
Open: 1.2536 
Current Price: 1.2596

Forex Currency: GBP/USD 
News: In June, U.K. PMI Services fell to 54.4.  
Comment: Bullish 
Open:1.5134 
Current Price: 1.5178

Forex Currency: USD/JPY 
News: Yesterday, Global equities retreated  
Comment: Consolidating 
Open: 87.76 
Current Price: 87.88

Forex Currency: USD/CAD 
News: The downside of loonie was relieved due to speculation that the Canadian job data may be favorable on Friday 
Comment: Bearish 
Open:1.0634 
Current Price: 1.0597

Forex Currency:USD/CHF 
News: Yesterday,  the global equities retreated. 
Comment: Consolidating 
Open:1.0648 
Current Price:1.0602

Forex Currency:AUD/USD 
News: Yesterday, the Aussie was undermined by  concerns over the slowdown of China’s economic growth.  
Comment: Consolidating 
Open:0.8399 
Current Price: 0.8482

Forex Currency:NZD/USD 
News: New Zealand’s NBNZ Business Confidence fell to 18% in Q2.  
Comment: Consolidating
Open:0.6880 
Current Price: 0.6937

Due for release today is the UAD Cash Rate, UAD RBA Rate Statement, CAD Building Permits m/m and USD ISM Non-manufacturing PMI.

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Jul 05

Australian Prime Minister Julia Gillard put in place an agreement with mining companies on a new resources tax

Experiences No Comments »

Foreign Exchange Report 5th July 2010

Forex Currency: EUR/USD 
News: In June, the U.S. ISM Manufacturing Index fell to 56.2. 
Comment: Consolidating 
Open: 1.2550 
Current Price: 1.2552

Forex Currency: GBP/USD 
News: In June, U.K. PMI manufacturing fell to 57.5 in June. 
Comment: Bullish 
Open:1.5197 
Current Price: 1.5184

Forex Currency: USD/JPY 
News: Yesterday, global equities retreated yesterday and market risk Rebounded. 
Comment: Consolidating 
Open: 87.74 
Current Price: 87.91

Forex Currency: USD/CAD 
News: In the Q1 of this year, IMF data showed that global central banks increased the holdings of “other currencies” including the CAD  
Comment: Bearish 
Open: 1.0625 
Current Price: 1.0600

Forex Currency: USD/CHF 
News: Yesterday, global equities retreated yesterday and market risk Rebounded.
Comment: Consolidating 
Open:1.0623
Current Price: 1.0624

Forex Currency: AUD/USD 
News: Australian Prime Minister Julia Gillard put in place an agreement with mining companies on a new resources tax. 
Comment:Consolidating 
Open:0.8413 
Current Price: 0.8437

Forex Currency: NZD/USD 
News: Yesterday, global equities retreated yesterday and market risk Rebounded. 
Comment: Bullish 
Open:0.6882 
Current Price: 0.6913

Due for release today is, CHF Retail Sales y/y, GBP Services PMI, NZD NZIER Business Confidence and AUD Trade Balance.

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Jul 01

Inflation pushes up private sector pay increases

Experiences 1 Comment »

Foreign Exchange Report 1st July 2010

Forex Currency: EUR/USD 
News: In June,  U.S. consumer confidence sharply dropped to 52.9  
Comment: Consolidating 
Open: 1.2231 
Current Price: 1.2219

Forex Currency: GBP/USD 
News: In May, U.K. M4 money supply growth was flatted in May 
Comment:Bullish 
Open:1.4937 
Current Price:1.4878

Forex Currency: USD/JPY 
News: Global equities retreated yesterday and market risk rebounded 
Comment:Consolidating 
Open:88.39 
Current Price:88.38

Forex Currency: USD/CAD 
News: Yesterday, as crude oil prices and U.S. equities retreated. 
Comment:Bearish 
Open:1.0629 
Current Price:1.0667

Forex Currency: USD/CHF 
News: Global equities retreated yesterday and market risk Rebounded. 
Comment:Consolidating 
Open:1.0777
Current Price:1.0730

Forex Currency: AUD/USD 
News: China’s leading indicator had been revised downward from to 0.3% gain in April.  
Comment:Consolidating 
Open:0.8406 
Current Price: 0.8334

Forex Currency: NZD/USD 
News: Global equities retreated yesterday and market risk Rebounded. 
Comment:Bullish 
Open:0.6845 
Current Price: 0.6797
Due for release today is the GBP Manufacturing PMI, USD Unemployment Claims, USD ISM Manufacturing PMI and the USD Pending Home Sales m/m.

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