Forex Blog by Greg Secker

FX Report

Currency: EUR/USD
News: The Prime Minister warned that a new global crises may be coming
Comment: Bullish
Open: 1.3605
Current Price: 1.3545

Currency:GBP/USD
News: Concern over forming a minor government after the election
Comment: Bullish
Open: 1.5048
Current Price: 1.4948

Currency: USD/JPY
News: Rebounding from global equities  
Comment: Consolidating
Open: 90.30
Current Price: 89.75

Currency: USD/CAD
News: In Feb Canada’s housing starts rose to 196,700
Comment: Consolidating
Open: 1.0271
Current Price: 1.0303

Currency: USD/CHF
News: Rebounding from global equities  
Comment: Bearish
Open: 1.0731
Current Price: 1.0801

Currency: AUD/USD
News: Speculation over the Renminbi underpinning asset prices
Comment: Bullish
Open: 0.9090
Current Price: 0.9063

Currency: NZD/USD
News: Rebounding from global equities  
Comment: Consolidating
Open: 0.7007
Current Price: 0.6968

Due for release today is the AUD Home Loans m/m.

by Ultimate Forex Profits

Fx Report

Currency: EUR/USD
Comment: Bullish
Open: 1.3626
Current Price: 1.3661

Currency: GBP/USD
Comment: Consolidating
Open: 1.5138
Current Price: 1.5149

Currency: USD/JPY
Comment: Bullish
Open: 90.25
Current Price: 90.36

Currency: USD/CAD
Comment: Consolidating
Open: 1.0278
Current Price: 1.0273

Currency: USD/CHF
Comment: Bearish
Open: 1.0740
Current Price: 1.0706

Currency: AUD/USD
Comment: Consolidating
Open: 0.9075
Current Price: 0.9115

Currency: NZD/USD
Comment: Consolidating
Open: 0.6964
Current Price: 0.7010
 
 
 Due for release today is the CHF Retail Sales y/y and also the CAD Housing Starts.

by Ultimate Forex Profits

Currency: EUR/USD
News: Yesterday, Moody’s downgraded German megabank  downgraded credit rating
Comment: Bullish
Open: 1.3580
Current Price: 1.3590

Currency: GBP/USD
News: Yesterday, interest rates and QE program left unchanged
Comment: Consolidating
Open: 1.5029
Current Price: 1.5033

Currency: USD/JPY
News: Yesterday, global equities and commodity prices dropped
Comment: Bullish
Open: 89.00
Current Price: 89.23

Currency: USD/CAD
News: In Jan Canada’s Ivey PMI increased to 51.9
Comment: Bearish
Open: 1.0314
Current Price: 1.0321

Currency: USD/CHF
News: Yesterday, global equities and commodity prices dropped
Comment: Consolidating
Open: 1.0769
Current Price: 1.0763

Currency: AUD/USD
News: Australian trade deficit fell to AUD 1.176 billion.
Comment: Consolidating
Open: 0.8999
Current Price: 0.9022

Currency: NZD/USD
News: Yesterday, global equities and commodity prices fell
Comment: Consolidating
Open:0.6864
Current Price: 0.6892

Due for release today is the GBP PPI Input m/m, the USD Non-Farm Employment Change and the USD Unemployment Rate.

FX Report

Currency: EUR/USD
News: Yesterday Greece announced 4.8 billion Euros of additional deficit cuts
Comment: Bullish
Open: 1.3694
Current Price: 1.3653

Currency: GBP/USD
News: Feb UK PMI rose to 58.4
Comment: Bullish
Open: 1.5096
Current Price: 1.5047

Currency: USD/JPY
News: In Q4 ’09 Japan’s capital spending fell to 17.3%.
Comment: Consolidating
Open: 88.45
Current Price: 88.36

Currency: USD/CAD
News: Yesterday gold and crude oil prices rose
Comment: Consolidating
Open: 1.0317
Current Price: 1.0371

Currency: USD/CHF
News: Global equities and commodities prices rose
Comment: Bearish
Open: 1.0674
Current Price: 1.0713

Currency: AUD/USD
News: Australia’s trade deficit shrank to AUD 1.176 billion
Comment: Consolidating
Open: 0.9056
Current Price: 0.9007

Currency: NZD/USD
News: Global equities and commodities prices rose
Comment: Consolidating
Open: 0.6944
Current Price: 0.6898

Due for release today is the GBP Halifax HPI m/m, GBP Asset Purchase Facility, GBP MPC Rate Statement, GBP Official Bank Rate, EUR Minimum Bid Rate, CAD Building Permits m/m, EUR ECB Press Conference, USD Unemployment claims, CAD Ivey PMI and USD Pending Home Sales m/m.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: Greece may announce 4.8 billion of deficit cuts today.
Comment: Bullish
Open: 1.3614
Current Price: 1.3607

Currency: GBP/USD
News: In Feb UK PMI fell to 48.5.
Comment: Bullish
Open: 1.4968
Current Price: 1.5001

Currency: USD/JPY
News: Regional equities fell.
Comment: Consolidating
Open:  88.84
Current Price: 88.74

Currency: USD/CAD
News: Interest rates kept constant by Bank of Canada.
Comment: Consolidating
Open: 1.0353
Current Price: 1.0351

Currency: USD/CHF
News: GDP in Switzerland rose by 0.7%.
Comment: Bearish
Open: 1.0747
Current Price: 1.0705

Currency: AUD/USD
News: Yesterday, RBA increased interest rates by 25bps to 4%. 
Comment: Consolidating
Open: 0.9033
Current Price: 0.9022

Currency: NZD/USD
News: Yesterday, RBA increased interest rates by 25bps to 4%.
Comment: Consolidating
Open: 0.6990
Current Price: 0.6931

Due for release today is the AUD Gross Domestic Product Q4 and AUD Gross Domestic Product Q4.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: Jan US Consumer spending rose 0.5%.
Comment: Bullish
Open: 1.3559
Current Price: 1.3524

Currency: GBP/USD
News: Pound dropped over concerns of Hung parliament.
Comment: Consolidating
Open: 1.4987
Current Price: 1.4891

Currency: USD/JPY
News: Yesterday, global equities improved.
Comment: Consolidating
Open: 89.11
Current Price: 89.24

Currency: USD/CAD
News: The CAD showed strength as the economy expanded 5% in Q4 ’09.
Comment: Consolidating
Open: 1.0411
Current Price: 1.0407

Currency: USD/CHF
News: In Jan the SVME purchasing manager index climbed to 57.4
Comment: Bearish
Open: 1.0789
Current Price: 1.0816

Currency: AUD/USD
News: Today, RBA may increase rates
Comment: Consolidating
Open: 0.9007
Current Price: 0.8996

Currency: NZD/USD
News: Yesterday, global equities improved.
Comment: Consolidating
Open: 0.6994
Current Price: 0.6951

Due for release today is the CAD BOC Rate Statement, CAD Overnight Rate and AUD GDP q/q.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: Last week, Bernanke stated that interest rates should be kept low.
Comment: Consolidating
Open: 1.3630
Current Price: 1.3608

Currency: GBP/USD
News: BOE commented that QE may be expanded
Comment: Consolidating
Open: 1.5230
Current Price: 1.5123

Currency: USD/JPY
News: Last week global equities and commodity prices dropped
Comment: Consolidating
Open: 88.95
Current Price: 89.19

Currency: USD/CAD
News: Last week crude fell
Comment: Consolidating
Open: 1.0512
Current Price: 1.0521

Currency: USD/CHF
News: Last week global equities and commodity prices dropped
Comment: Bearish
Open: 1.0731
Current Price: 1.0754

Currency: AUD/USD
News: Australian company profits increase for the first time in 5 quarters , manufacturing also increased at the fastest pace since 2007
Comment: Consolidating
Open: 0.8951
Current Price: 0.8975

NZD/USD
NZ trade surplus in Jan NZ$269 million.
Consolidating
0.6976
0.6983

Due for release today is the GBP Manufacturing PMI, CAD GDP m/m, USD ISM Manufacturing PMI, AUD Building Approvals m/m, AUD Retail Sales m/m, AUD Cash Rate and AUD RBA Rate Statement.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: Bernanke stated to keep low interest rates
Comment: Consolidating
Open: 1.3547
Current Price: 1.3557

Currency: GBP/USD
News: Feb Increased sales on British High Streets
Comment: Consolidating
Open: 1.5261
Current Price: 1.5247

Currency: USD/JPY
News: Yesterday, global equities dropped 
Comment: Consolidating
Open: 89.04
Current Price: 89.33

Currency: USD/CAD
News: Yesterday, oil fell
Comment: Consolidating
Open: 1.0604
Current Price: 1.0599

Currency: USD/CHF
News: Yesterday, global equities dropped
Comment: Consolidating
Open: 1.0799
Current Price: 1.0790

Currency: AUD/USD
News: Yesterday, global equities dropped
Comment: Consolidating
Open: 0.8882
Current Price: 0.8884

Currency: NZD/USD
News: New Zealand had  a trade surplus of NZ$269 million
Comment: Bearish
Open: 0.6916
Current Price: 0.6933

Due for release today is the GBP Nationwide HPI m/m, GBP Revised GDP q/q, CHF KOF Economic Barometer, USD Prelim GDP q/q and the USD Existing Home Sales.

by Ultimate Forex Profits

FX Report

Currency: EUR/USD
News: Greek downgrade rumors
Comment: Consolidating
Open: 1.3538
Current Price: 1.3486

Currency: GBP/USD
News: BOE signaled that it could extend the QE program.
Comment: Consolidating
Open: 1.5404
Current Price: 1.5310

Currency: USD/JPY
News: US equities and crude oil improve yesterday
Comment: Consolidating
Open: 90.12
Current Price: 89.40

Currency: USD/CAD
News: In Q4 of last year Canadian business profits increased 7.9%
Comment: Consolidating
Open: 1.0533
Current Price: 1.0546

Currency: USD/CHF
News: In Dec, Euro new industrial orders unexpectedly rose 0.8%
Comment: Bearish
Open: 1.0809
Current Price: 1.0852

Currency: AUD/USD
News: Australian new Capex much better than expected
Comment: Consolidating
Open: 0.8934
Current Price: 0.8884

Currency:NZD/USD
News: NZ business outlook on the improve
Comment: Consolidating
Open: 0.6930
Current Price: 0.6895

Due for release today is the GBP BOE Gov King Speaks, GBP CBI Realized Sales, USD Core Durable Goods Orders m/m, USD Unemployment Claims, USD Fed Chairman Bernanke Testifies and NZD Building Consents m/m.

by Ultimate Forex Profits

FX Report
Currency: EUR/USD
News: German IFO dropped to 95.2
Comment: Bullish
Open: 1.3506
Current Price: 1.3518

Currency: GBP/USD
News: USD consumer confidence fell unexpectedly 
Comment:Bearish
Open: 1.5235
Current Price:  1.5422

Currency: USD/JPY
News: USD consumer confidence fell unexpectedly
Comment:Consolidating
Open: 90.20
Current Price: 90.26

Currency: USD/CAD
News: Crude oil over USD 80 
Comment: Consolidating
Open: 1.0563
Current Price: 1.0552

Currency: USD/CHF
News: Global equities fell
Comment: Bearish
Open: 1.0839
Current Price: 1.0830

Currency: AUD/USD
News: Australia wage growth has slowed in the q4
Comment: Bullish
Open: 0.8908
Current Price: 0.8904

Currency:NZD/USD
News: Global equities fell
Comment: Bullish
Open: 0.6919
Current Price: 0.6919
Due for release today is the USD Fed Chairman Bernanke Testifies and the USD New Home Sales.

by Ultimate Forex Profits