Sep 30
Forex Market Report 30th September 2010
Forex Currency:EUR/USD
News:European economic confidence outlook unexpectedly rose to 103.2 in September, which underpinned the euro.
3 month Comment:Bullish
Open:1.3621
Price:1.3584
Forex Currency:GBP/USD
News:U.S. mortgage approval dropped to 47,400 in August, less than expected, which suppressed the pound.
3 month Comment:Consolidating
Open:1.5806
Price:1.5833
Forex Currency:USD/JPY
News:The yen was supported on investors’ rising expectation the Federal Reserve may expand the quantitative easing measures.
3 month Comment:Bearish
Open:83.72
Price:83.30
Forex Currency:USD/CAD
News:As U.S. equities retreated yesterday, risk aversion picked-up and undermined the Loonie.
3 month Comment:Bearish
Open:1.0324
Price:1.0324
USD/CHF
News:KOF swiss leading indicator slightly dropped to 2.21 in September and the swiss franc’s upside was capped.
3 month Comment:Bearish
Open:0.9772
Price:0.9781
Forex Currency:AUD/USD
News:China PMI manufacturing rose to 52.9 in September, a second straight month rise, which supported Aussie.
3 month Comment:Bullish
Open:0.9681
Price:0.9680
Forex Currency:NZD/USD
News:New Zealand’s home-building approvals slumped 17.8% to a 13-month low in August, which suppressed the Kiwi.
3 month Comment:Consolidating
Open:0.7353
Price:0.7368
Tagged with: China • Forex • Swiss • Yen
Sep 29
FX Report 29th September 2010
Forex Currency:EUR/USD
News:As U.S. Consumer Confidence is weaker-thanexpected, the greenback fell and the Euro was supported.
3 month Comment:Bullish
Open:1.3584
Price:1.3616
Forex Currency:GBP/USD
News:The pound was underpinned as U.K. posted a 1.2% growth of GDP in the second quarter without any downward revision.
3 month Comment:Consolidating
Open:1.5803
Price:1.5857
Forex Currency:USD/JPY
News:The yen was supported on investors’ rising expectation the Federal Reserve may expand the quantitative easing measures
3 month Comment:Bearish
Open:83.83
Price:83.55
Forex Currency:USD/CAD
News:The Loonie’s upside was capped since crude oil fell yesterday.
3 month Comment:Bearish
Open:1.0300
Price:1.0272
Forex Currency:USD/CHF
News:As global equities rose yesterday, market risks retreated and the swiss franc’s upside was capped.
3 month Comment:Bearish
Open:0.9760
Price:0.9743
Forex Currency:AUD/USD
NewsAs global equities rose yesterday, market risks fell and the Aussie was strengthened.
3 month Comment:Bullish
Open:0.9602
Price:0.9590
Forex Currency:NZD/USD
NewsThe Kiwi’s upside was capped as New Zealand’s trade deficit trailed the market estimates at NZD437 million in August.
3 month Comment:Consolidating
Open:0.7392
Price:0.7394
Tagged with: Forex • knowledge to action • Oil
Sep 28
Forex Market Report 28th September 2010
Forex Currency:EUR/USD
News:Moody’s yesterday cut an Irish bank’s debt rating and the Euro was dragged down.
3 month Comment:Bullish
Open:1.3438
Price:1.3395
Forex Currency:GBP/USD
News:The pound’s upside was capped as U.K. Hometrack housing price index fell 0.4% in September.
3 month Comment:Bearish
Open:1.5806
Price:1.5793
Forex Currency:USD/JPY
News:As global equities fell yesterday, market risks rose and the yen was supported.
3 month Comment:Consolidating
Open:84.27
Price:84.20
Forex Currency:USD/CAD
News:Canada finance minister was concerned about the U.S. economic outlook and the Loonie was suppressed.
3 month Comment:Bearish
Open:1.0299
Price:1.0345
Forex Currency:USD/CHF
News:As global equities fell yesterday, market risks rose and the swiss franc was supported.
3 month Comment:Bearish
Open:0.9860
Price:0.9859
Forex Currency:AUD/USD
News:As global equities fell yesterday, market risks rose and the Aussie’s upside was capped.
3 month Comment:Bullish
Open:0.9602
Price:0.9590
Forex Currency:NZD/USD
News:As global equities fell yesterday, market risks rose and the Kiwi’s upside was capped.
3 month Comment:Consolidating
Open:0.7339
Price:0.7321
Tagged with: Forex • Swiss
Sep 27
Forex Market Report 27th September 2010
Forex Currency:EUR/USD
News:Euro-zone’s PMI Manufacturing fell to 53.6 in September, worse than estimates, which limited the uptrend of EUR.
3 month Comment:Bullish
Open:1.3487
Price:1.3467
Forex Currency:GBP/USD
News:The disappointing economic figures of Euro -zone and Ireland triggered liquidity inflow from the Euro to pound, which supported the GBP yesterday.
3 month Comment:Bearish
Open:1.5819
Price:1.5819
Forex Currency:USD/JPY
News:As global equities fell yesterday, market risks rose and the yen was supported..
3 month Comment:Consolidating
Open:84.25
Price:84.24
Forex Currency:USD/CAD
News:The rebound of crude oil yesterday supported the Loonie.
3 month Comment:Bearish
Open:1.0243
Price:1.0241
Forex Currency:USD/CHF
News:As global equities fell yesterday, market risks rose and the swiss franc was supported.
3 month Comment:Bearish
Open:0.9827
Price:0.9863
Forex Currency:AUD/USD
News:As global equities fell yesterday, market risks rose and the Aussie was suppressed.
3 month Comment:Bullish
Open:0.9493
Price:0.9590
Forex Currency:NZD/USD
News:New Zealand’s GDP in the second quarter missed the estimates and rose 0.2% only, which undermined the Kiwi.
3 month Comment:Consolidating
Open:0.7342
Price:0.7334
Tagged with: Forex • Oil • Swiss
Sep 24
Forex Market Report
Forex Currency:EUR/USD
News:Euro-zone’s PMI Manufacturing fell to 53.6 in September, worse than estimates, which limited the uptrend of EUR.
3 month Comment:Bullish
Open:1.3313
Price:1.3337
Forex Currency:GBP/USD
News:The disappointing economic figures of Euro -zone and Ireland triggered liquidity inflow from the Euro to pound, which supported the GBP yesterday.
3 month Comment:Bearish
Open:1.5681
Price:1.5677
Forex Currency:USD/JPY
News:As global equities fell yesterday, market risks rose and the yen was supported..
3 month Comment:Consolidating
Open:84.40
Price:84.84
Forex Currency:USD/CAD
News:The rebound of crude oil yesterday supported the Loonie.
3 month Comment:Bearish
Open:1.0342
Price:1.0313
Forex Currency:USD/CHF
News:As global equities fell yesterday, market risks rose and the swiss franc was supported.
3 month Comment:Bearish
Open:0.9854
Price:0.9837
Forex Currency:AUD/USD
News:As global equities fell yesterday, market risks rose and the Aussie was suppressed.
3 month Comment:Bullish
Open:0.9491
Price:0.9510
Forex Currency:NZD/USD
News:New Zealand’s GDP in the second quarter missed the estimates and rose 0.2% only, which undermined the Kiwi.
3 month Comment:Consolidating
Open:0.7283
Price:0.7296
Tagged with: Euro • Forex • Ireland • Oil • Swiss
Sep 23
Forex Market Report 23rd September 2010
Forex Currency:EUR/USD
News:The Federal Reserve’s statement of rate meeting was cautious on the economic outlook, hinting it may expand the quantitative easing policy, which undermined the USD and supported the EUR.
3 month Comment:Bullish
Open:1.3399
Price:1.3367
Forex Currency:GBP/USD
News:The pound underperformed on concerns that the Bank of England may eventually scale up the quantitative easing policy.
3 month Comment:Bearish
Open:1.5650
Price:1.5655
Forex Currency:USD/JPY
News:As global equities fell yesterday, market risks rose and the yen was supported.
3 month Comment:Consolidating
Open:84.53
Price:84.55
Forex Currency:USD/CAD
News:Canada’s CPI growth in August slowed down to 1.7% year-on-year, which limited the Loonie’s upside.
3 month Comment:Bearish
Open:1.0295
Price:1.0318
Forex Currency:USD/CHF
News:As global equities fell yesterday, market risks rose and the swiss franc was supported.
3 month Comment:Consolidating
Open:0.9866
Price:0.9888
Forex Currency:AUD/USD
News:The Aussie was underpinned due to the positive outlook on the economy and the interest rate shown in the Reserve Bank of Australia’s rate minutes.
3 month Comment:Bullish
Open:0.9552
Price:0.9537
Forex Currency:NZD/USD
News:The Kiwi was weakened as New Zealand’s current account recorded a deficit of NZD880 million in the second quarter, far worse than the previous NZD160 million.
3 month Comment:Consolidating
Open:0.7377
Price:0.7294
Tagged with: Bank of England • Federal Reserve • Forex • Loonie
Sep 22
Forex Market Report 22nd September 2010
Forex Currency:EUR/USD
News:The Federal Reserve’s statement of rate meeting was cautious on the economic outlook, hinting it may expand the quantitative easing policy, which undermined the USD and supported the EUR.
3 Month Comment: Bullish
Open:1.3250
Price:1.3302
Forex Currency:GBP/USD
News:The pound underperformed on concerns that the Bank of England may eventually scale up the quantitative easing policy.
3 Month Comment: Bearish
Open:1.5606
Price:1.5691
Forex Currency:USD/JPY
News:As global equities fell yesterday, market risks rose and the yen was supported.
3 Month Comment: Consolidating
Open:85.15
Price:84.86
Forex Currency:USD/CAD
News:Canada’s CPI growth in August slowed down to 1.7% year-on-year, which limited the Loonie’s upside.
3 Month Comment: Bearish
Open:1.0258
Price:1.0244
Forex Currency:USD/CHF
News:As global equities fell yesterday, market risks rose and the swiss franc was supported.
3 Month Comment: Consolidating
Open:99.70
Price:99.31
Forex Currency:AUD/USD
News:The Aussie was underpinned due to the positive outlook on the economy and the interest rate shown in the Reserve Bank of Australia’s rate minutes.
3 Month Comment: Bullish
Open:0.9532
Price:0.9544
Forex Currency:NZD/USD
News:The Kiwi was weakened as New Zealand’s current account recorded a deficit of NZD880 million in the second quarter, far worse than the previous NZD160 million.
3 Month Comment: Consolidating
Open:0.7330
Price:0.7362
Sep 14
Forex Market Report 14th September 2010
Forex Currency: EUR/USD The Basel Committee on Banking Supervision gave banks more time to meet the capital requirements, risk appetite picked-up and sending the greenback lower.
3 month Comment: Consolidating
Open: 1.2878
Price: 1.2858
Forex Currency: GBP/USD
News: U.K nationwide consumer confidence rose to 61 in August, topped market estimates and supported the pound.
3 month Comment: Consolidating
Open: 1.5424
Price: 1.5348
Forex Currency: USD/JPY
News: Speculation that Prime Minister Naoto Kan will beat rival Ichiro Ozawa, which supported the yen.
3 month Comment: Consolidating
Open: 83.74
Price: 83.58
Forex Currency: USD/CAD
News: As U.S. equities and crude oil prices surged yesterday, risk appetite picked-up and supported the CAD.
3 month Comment: Bearish
Open: 1.0279
Price: 1.0297
Forex Currency: USD/CHF
News: Regulators gave European banks more time than analysts expected to meet capital requirements, which improved European currencies’ sentiment
3 month Comment: Consolidating
Open: 1.0078
Price: 1.0028
Forex Currency: AUD/USD
News: As most Chinese economic data in August is better than expected, risk appetite picked-up, and supported the AUD.
3 month Comment: Bullish
Open: 0.9347
Price: 0.9325
Forex Currency: NZD/USD
News: As U.S. equities surged yesterday, risk appetite picked-up and supported the NZD.
3 month Comment: Bullish
Open: 0.7335
Price: 0.7285
Tagged with: Forex
Sep 13
Forex Market Report 13th September 2010
Forex Currency:EUR/USD
News: European Central Bank chief economist Juergen Stark said that German banks may need more capital, which suppressed the euro.
3 month Comment:Consolidating
Open:1.2675
Price:1.2820
Forex Currency:GBP/USD
News: The U.K.’s trade deficit widened to a record 8.7 billion pounds in July, which undermined the pound.
3 month Comment:Consolidating
Open:1.5348
Price:1.5466
Forex Currency:USD/JPY
News: As global equities surged yesterday, market risk receded and limited the upside of the yen.
3 month Comment:Bearish
Open:84.16
Price:83.90
Forex Currency:USD/CAD
News: Canada’s trade deficit widened to C$2.74 billion in July, which limited the upside of the CAD.
3 month Comment:Bearish
Open:1.0371
Price:1.0315
Forex Currency:USD/CHF
News: As global equities surged yesterday, market risk receded and limited the upside of the swiss franc.
3 month Comment:Bearish
Open:1.0193
Price:1.0127
Forex Currency:AUD/USD
As Australian employers added 30,900 jobs in August, and the unemployment rate down to 5.1%, which supported the AUD.
3 month Comment:Bullish
Open:0.9264
Price:0.9316
Forex Currency:NZD/USD
As U.S. equities surged yesterday, risk appetite picked-up and supported the NZD.
3 month Comment:Bullish
Open:0.7286
Price:0.7315
Tagged with: BAE • Forex • Swiss • USD
Sep 09
Foreign Exchange Report 9th September 2010
Forex Currency: EUR/USD
News: Portuguese and Poland’s bond auction drew stronger
than expected demand, eased concern on European debt crisis, which stabilized the euro.
3 month Comment:Consolidating
Open:1.2723
Price:1.2685
Forex Currency:GBP/USD
News: As U.K. manufacturing expanded for a third month in July, which supported the pound.
3 month Comment:Bearish
Open:1.5472
Price:1.5423
Forex Currency:USD/JPY
News: As global equities surged yesterday, market risk
receded and limited the upside of the yen.
3 month Comment:Consolidating
Open:83.86
Price:83.72
Forex Currency:USD/CAD
News: Bank of Canada increased interest rate by 25 basis
points to 1% yesterday, and underpinned the Loonie.
3 month Comment:Bearish
Open:1.0368
Price:1.0373
Forex Currency:USD/CHF
News: As global equities surged yesterday, market risk
receded and limited the upside of the swiss franc.
3 month Comment:Consolidating
Open:1.0110
Price:1.0110
Forex Currency:AUD/USD
News: As U.S. equities and crude oil prices surged yesterday,
risk appetite picked-up and supported the AUD
3 month Comment:Bullish
Open:0.9184
Price:0.9214
Forex Currency:NZD/USD
News: As U.S. equities and crude oil prices surged yesterday,
risk appetite picked-up and supported the NZD.
3 month Comment:Bullish
Open:0.7228
Price:0.7217
Tagged with: Canada • Forex • Oil
