Aug 31
Forex Market Report 31st August 2010
Forex Currency: EUR/USD
News: U.S. personal income rose 0.2% in July, trailed market estimates, risk aversion picked-up and supported the greenback.
3 month Comment: Bearish
Open: 1.2663
Price: 1.2639
Forex Currency: GBP/USD
News: U.K. hometrack housing survey fell 0.3% (MoM) in August, trailed market estimates, which suppressed the pound
3 month Comment: Bearish
Open: 1.5460
Price: 1.5425
Forex Currency: USD/JPY
News: The Bank of Japan’s decision disappointed investors who had looked for more aggressive measures, which sending the Japanese yen higher.
3 month Comment: Consolidating
Open: 84.54
Price: 84.14
Forex Currency: USD/CAD
News: As U.S. equities and crude oil prices plunged yesterday and market risks climbed, which supported the Canadian dollar.
Bullish
Open: 1.0596
Price: 1.0605
Forex Currency: USD/CHF
News: As U.S. equities plunged yesterday and market risks climbed, which supported the swiss franc.
3 month Comment: Consolidating
Open: 1.0258
Price: 1.0246
Forex Currency: AUD/USD
News: As U.S. equities and crude oil prices plunged yesterday and market risks climbed.
3 month Comment: Bearish
Open: 0.8914
Price: 0.8913
Forex Currency: NZD/USD
News: New Zealand’s trade deficit unexpectedly widened to NZ$186 million in July, which suppressed the Kiwi
3 month Comment: Bullish
Open: 0.7031
Price: 0.7032
Due for release today is the AUD Building Approvals m/m, AUD Retail Sales M/m, CAD GDP m/m, USD CB Consumer Confidence and USD FOMC Meeting Minutes.
Tagged with: Forex
Aug 27
Forex Market Report 27th August 2010
Forex Currency: EUR/USD
News: Investors are waiting for the speech by U.S. Federal Reserve Ben Bernanke tonight, which limited the upside of the euro.
3 month Comment: Bearish
Open: 1.2713
Price: 1.2718
Forex Currency:GBP/USD
News: As speculation that the poor U.S. economic data may force the FED
3 month Comment: Bearish
Open: 1.5522
Price: 1.5501
Forex Currency:USD/JPY
News: Japan’s core CPI fell 1.1% in July, rising concern on deflationary risk , market risk picked-up and sending the yen higher.
3 month Comment: Consolidating
Open: 84.46
Price: 84.71
Forex Currency:USD/CAD
News: Crude oil prices surged more than 1% yesterday, which strengthened the Loonie
3 month Comment: Bullish
Open: 1.0572
Price: 1.0578
Forex Currency:USD/CHF
News: U.S. equities declined yesterday and market risks climbed, which supported the swiss franc.
3 month Comment: Consolidating
Open: 1.0238
Price: 1.0244
Forex Currency:AUD/USD
News: Australia’s private capital expenditure dropped 4% in the second quarter, trailed market estimates, which limited the upside of the Aussie.
3 month Comment: Bearish
Open: 0.8861
Price: 0.8862
Forex Currency:NZD/USD
News: New Zealand’s prime minster stated that exports may support the economic recovery.
3 month Comment:bearish
Open: 0.7031
Price: 0.7038
Due for release today is the GBP Revised GDP q/q, CHF KOF Economic Barometer, USD Prelim GDOP q/q and the USD Fed Chairman Bernanke Speaks.
Aug 26
Forex Market Report 26th August 2010
Forex Currency: EUR/USD
News: German IFO business climate unexpectedly rose to 106.7 in August.
3 month Comment: Bearish
Open: 1.2702
Price: 1.2696
Forex Currency: GBP/USD
News: After Ireland’s credit rating was cut, liquidity flow from Euro Zone to U.K., which supported the pound.
3 month Comment: Bearish
Open: 1.5562
Price: 1.5558
Forex Currency: USD/JPY
News: Japanese Finance Minister Yoshihiko Noda repeated he would respond to yen moves when necessary, which suppressed the yen.
3 month Comment: Consolidating
Open: 84.70
Price: 84.69
Forex Currency: USD/CAD
News: U.S. equities and crude oil prices rose yesterday, which supported the Loonie.
3 month Comment: Bullish
Open: 1.0564
Price: 1.0576
Forex Currency: USD/CHF
News: Global equities declined yesterday and market risks climbed, which supported the swiss franc.
3 month Comment: Consolidating
Open: 1.0304
Price: 1.0304
Forex Currency: AUD/USD
News: Australia’s conference board leading index rose 0.1% in June, trailed market estimates, which limited the upside of the Aussie.
3 month Comment: Bearish
Open: 0.8862
Price: 0.8865
Forex Currency: NZD/USD
News: U.S. equities and crude oil prices rose yesterday, risk appetite picked-up and supported the Kiwi.
3 month Comment: Bearish
Open: 0.7031
Price: 0.7032
Due for release today is the AUD Private Capital Expenditure q/q and the USD Unemployment Claims.
Tagged with: Forex
Aug 25
Forex Market Report 25th August 2010
Forex Currency: EUR/USD
News: S&P yesterday lowered Ireland’s credit rating to AA-, which drove the Euro lower.
3 month Comment: Bearish
Open: 1.2630
Price: 1.2661
Forex Currency:GBP/USD
News: As a Bank of England official said UK may fall into recession again, the pound plunged.
3 month Comment: Bearish
Open: 1.5405
Price: 1.5420
Forex Currency:USD/JPY
News: Japanese Finance Minister was concerned the yen strength only, but he had further action to curb the issue.
3 month Comment: Consolidating
Open: 84.14
Price: 84.39
Forex Currency:USD/CAD
News: As Canada’s retail sales in June rose 0.1% only
3 month Comment: Bullish
Open:1.0608
Price: 1.0592
Forex Currency:USD/CHF
News: Global equities declined yesterday and market risks climbed, which supported the swiss franc
3 month Comment: Consolidating
Open:1.0316
Price: 1.0307
Forex Currency:AUD/USD
News: On the lingering uncertainties of the Australia’s federal election, the Aussie was undermined
3 month Comment: Bearish
Open:0.8822
Price: 0.8853
Forex Currency:NZD/USD
News: Global equities declined yesterday and market risks climbed, which suppressed the kiwi.
3 month Comment: Bearish
Open:0.7023
Price: 0.7035
Due for release today is the EUR German Ifo Business Climate, USD Core Durable Goods Orders, USD New Home Sales and AUD Private Capital Expenditure.
Tagged with: Forex • Japan
Aug 24
Forex Market Report 24th August 2010
Forex Currency: EUR/USD
News: In July, European PMI composite declined to 56.1 from 56.7.
3 month Comment: Bearish
Open: 1.2645
Price: 1.2643
Forex Currency: GBP/USD
News: As speculation U.K. aggressive budget deficit cut may dampen the economic growth, suppressed the pound
3 month Comment: Bearish
Open: 1.5500
Price: 1.5408
Forex Currency: USD/JPY
News: As Japanese government and its central bank did not discuss the yen appreciation in the meeting, sending the yen higher.
3 month Comment: Consolidating
Open: 85.10
Price: 84.90
Forex Currency: USD/CAD
News: As crude oil and the U.S. equities kept declining yesterday, the Loonie was suppressed.
3 month Comment: Bullish
Open: 1.0518
Price: 1.0571
Forex Currency: USD/CHF
News: Global equities declined and market risks climbed, which supported the Swiss franc.
3 month Comment: Consolidating
Open: 1.0409
Price: 1.0412
Forex Currency: AUD/USD
News: As Australia formed a hung parliament in the Australia’s election, the Aussie was undermined
3 month Comment: Bearish
Open: 0.8905
Price: 0.8873
Forex Currency: NZD/USD
News: Global equities declined yesterday and market risks climbed, which suppressed the kiwi
3 month Comment: Bearish
Open: 0.7057
Price: 0.7031
Due for release today is the NZD Inflation Expectations q/q, CAD Core Retail Sales m/m and Existing Home Sales.
Aug 23
Forex Market Report 23rd August 2010
Forex Currency: EUR/USD
News: Several US economic figures missed market estimates last week and the rising market risks suppressed the Euro.
3 month Comment: Bearish
Open:1.2705
Price: 1.2727
Forex Currency: GBP/USD
News: UK retail sales rose 1.1% in July and the forecast beating figure boosted the pound
3 month Comment: Consolidating
Open: 1.5530
Price: 1.5590
Forex Currency: USD/JPY
News: Global equities retreated and market risks climbed, which favored the yen.
3 month Comment: Consolidating
Open: 85.56
Price: 85.36
Forex Currency: USD/CAD
News: As crude oil and the U.S. equities kept declining the Loonie was suppressed.
3 month Comment:Consolidating
Open: 1.0459
Price: 1.0469
Forex Currency: USD/CHF
News: Global equities declined and market risks climbed, which supported the Swiss franc.
3 month Comment: Consolidating
Open: 1.0335
Price: 1.0327
Forex Currency: AUD/USD
News: The emergence of a hung parliament in Australia’s election, the Aussie was undermined
3 month Comment: Bearish
Open: 0.8940
Price: 0.8917
Forex Currency: NZD/USD
News: Global equities declined and market risks climbed which suppressed the kiwi
3 month Comment: Bearish
Open: 0.7063
Price: 0.7061
Tagged with: Forex • Global Equities • Oil
Aug 20
Forex Market Report 20th August 2010
Forex Currency: EUR/USD
News: Several US economic figures missed market estimates yesterday and the rising market risks prompted liquidity inflow to US bonds.
3 month Comment: Bearish
Open: 1.2815
Price: 1.2807
Forex Currency: GBP/USD
News: UK retail sales rose 1.1% in July and the forecast beating figure boosted the pound
3 month Comment:Consolidating
Open: 1.5589
Price: 1.5551
Forex Currency: USD/JPY
News: Global equities retreated yesterday and market risks climbed, which favored the yen.
3 month Comment: Consolidating
Open: 85.30
Price: 85.31
Forex Currency: USD/CAD
News: As crude oil and the U.S. equities kept declining yesterday.
3 month Comment: Consolidating
Open: 1.0394
Price: 1.0328
Forex Currency: USD/CHF
News: Global equities declined yesterday and market risks climbed, which supported the Swiss franc.
3 month Comment: Consolidating
Open: 1.0317
Price: 1.0325
Forex Currency: AUD/USD
News: Since investors worry the emergence of hung parliament amidst the Australia’s election, the Aussie was undermined.
3 month Comment:Bearish
Open: 0.8915
Price: 0.8907
Forex Currency: NZD/USD
News: Global equities declined yesterday and market risks climbed
3 month Comment:Bearish
Open: 0.7070
Price:0.7061
Due for release today is the CAD Core CPI m/m.
Tagged with: Forex
Aug 19
Forex Market Report 19th August 2010
Forex Currency: EUR/USD
News: Investors worried that Greece’s budget-cutting plan may significantly affect the economy
3 month view: Bearish
Open: 1.2852
Price: 1.2810
Forex Currency: GBP/USD
News: BOE minutes tended to be neutral the pound as rebounded
3 month view: Consolidating
Open: 1.5594
Price: 1.5551
Forex Currency: USD/JPY
News: As investors predicted that the BOJ may conduct intervention over the yen’s appreciation.
3 month view: Consolidating
Open: 85.38
Price: 85.86
Forex Currency: USD/CAD
News: The M&A news supported the loonie’s trend
3 month view: Consolidating
Open: 1.0287
Price: 1.0298
Forex Currency: USD/CHF
News: Yesterday, global equities climbed and market risks receded, which suppressed the Swiss franc.
3 month view: Consolidating
Open: 1.0423
Price: 1.0440
Forex Currency: AUD/USD
News: The Reserve Bank of Australia hinted in the previous rate review minutes that the rate hike cycle would be halted, which limited the Aussie’s upside.
3 month view: Bearish
Open: 0.9054
Price: 0.9014
Forex Currency: NZD/USD
News: Global equities rose yesterday and market risks receded, which underpinned the kiwi.
3 month view: Bearish
Open: 0.7120
Price:0.7107
Aug 18
Forex Market Report 18th August 2010
Forex Currency: EUR/USD
News: The well-received bond auctions in Ireland and Spain supported the Euro.
Comment: Bearish
Open: 1.2872
Price: 1.2839
Forex Currency: GBP/USD
News: U.K Consumer Price Index (CPI) year-on-year growthin July slowed down to 3.1%, which weakened the pound.
Comment: Consolidating
Open:1.5573
Price: 1.5521
Forex Currency: USD/JPY
News: Global equities climbed yesterday and market risks receded, which suppressed the yen.
Comment: Consolidating
Open:85.57
Price: 85.43
Forex Currency: USD/CAD
News: The takeover news supported the loonie’s trend yesterday.
Comment:Bullish
Open:1.0328
Price: 1.0334
Forex Currency: USD/CHF
News: Global equities climbed yesterday and market risks receded, which suppressed the Swiss franc.
Comment: Consolidating
Open:1.0434
Price: 1.0443
Forex Currency: AUD/USD
News: The Reserve Bank of Australia hinted in the previous rate review minutes that the rate hike cycle would be halted, which limited the Aussie’s upside.
Comment:Bearish
Open:0.9054
Price: 0.9014
Forex Currency: NZD/USD
News: Global equities rose yesterday and market risks receded, which underpinned the kiwi.
Bearish
Open: 0.7120
Price: 0.7107
Due for release today is the GBP MPC Meeting Minutes and the NZD PPI Input q/q.
Tagged with: Euro • Forex
Aug 17
Forex Market Report 17th August 2010
Forex Currency: EUR/USD
News: Some data showed China reduced its holding of US bonds, which suppressed the USD and supported the Euro
Comment: Bearish
Open: 1.2822
Price: 1.2852
Forex Currency: GBP/USD
News: UK Rightmove housing price Index in August declined 1.7% which limited the pounds upside.
Comment: Consolidating
Open: 1.5653
Price: 1.5670
Forex Currency: USD/JPY
News: Japan’s GDP in the second quarter only rose 0.1%, market risks picked up and supported the yen.
Comment: Consolidating
Open: 85.33
Price: 85.32
Forex Currency: USD/CAD
News: As oil prices fell, the loonie retreated.
Comment: Bullish
Open: 1.0430
Price:1.0404
Forex Currency: USD/CHF
News: With yesterday’s liquidity inflow to US bonds, market risks picked up and the low-yield currency such as the Swiss franc was supported
Comment: Consolidating
Open: 1.0393
Price:1.0410
Forex Currency: AUD/USD
News:As investors were concerned the Reserve Bank of Australia may defer the rate hike cycle in the rate review minutes to be released today, the Aussie’s
upside was limited.
Comment: Bearish
Open: 0.8970
Price:0.9014
Forex Currency: NZD/USD
News:The rate futures market predicted the New Zealand’s central bank might only have a chance down to 40%for a rate hike in the next policy meeting, and therefore the kiwi’s upside was limited. Bearish
Comment: Bearish
Open: 0.7060
Price: 0.7093
Due for release today is the AUD Monetary Policy Meetings Minutes, EUR German ZEW Economic Sentiment, AUD RBA Gov Stevens Speaks, USD Buildings Permits and USD PPI m/m.
Tagged with: China • Forex
