Mar 01

The Aussie was supported as Australia’s leading index rose 0.7% in December

Experiences 96 Comments »

FX Report 1st March 2011

Forex Currency: EUR/USD
News: As European Central Bank President Trichet reiterated his inflation concern yesterday, the Euro was supported.
3 month Comment: Bullish
Open: 1.3805
Price: 1.3824

Forex Currency: GBP/USD
News: The Pound was supported as the Bank of England’s previous rate minutes showed three members were in favor of rate hike.
3 month Comment: Consolidating
Open: 1.6258
Price: 1.6286

Forex Currency: USD/JPY
News: Market risk picked-up amid escalating violence in Middle East, prompted lquidity flew to yen as a safe hav-en and supported the yen.
3 month Comment: Consolidating
Open: 81.76
Price: 82.14

Forex Currency: USD/CAD
News: The Loonie was strengthened as crude oil surged yesterday.
3 month Comment:Consolidating
Open: 0.9714
Price: 0.9709

Forex Currency: USD/CHF
News: Market risk picked-up amid escalating violence in Middle East, prompted liquidity flew to swiss franc as a safe haven and supported the swiss franc.
3 month Comment: Consolidating
Open: 0.9286
Price: 0.9311

Forex Currency: AUD/USD
News: The Aussie was supported as Australia’s leading index rose 0.7% in December.
3 month Comment: Bullish
Open: 1.0180
Price: 1.0174

Forex Currency: NZD/USD
News: The Kiwi underperformed on expectation that the Reserve Bank of New Zealand may cut the interest rate.
3 month Comment: Consolidating
Open: 0.7522
Price: 0.7503

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Feb 28

The Pound was supported as the Bank of England’s previous rate minutes showed three members were in favor of rate hike

Experiences 107 Comments »


Forex Report 28th February 2011

Forex Currency: EUR/USD
News:As European Central Bank President Trichet reiterated his inflation concern yesterday, the Euro was supported.
3 month Comment:Bullish
Open:1.3753
Price:1.3773

Forex Currency: GBP/USD
News: The Pound was supported as the Bank of England’s previous rate minutes showed three members were in favor of rate hike.
3 month Comment: Consolidating
Open: 1.6117
Price: 1.6145

Forex Currency: USD/JPY
News: Market risk picked-up amid escalating violence in Middle East, prompted lquidity flew to yen as a safe hav-en and supported the yen.
3 month Comment: Consolidating
Open: 81.66
Price: 81.66

Forex Currency: USD/CAD
News: The Loonie was strengthened as crude oil surged 4520y4107terday.omment:Consolidating
Open: 0.9776
Price: 0.9762

Forex Currency: USD/CHF
News: Market risk picked-up amid escalating violence in Middle East, prompted liquidity flew to swiss franc as a safe haven and supported the swiss franc.
3 month Comment: Consolidating
Open :0.9279
Price: 0.9263

Forex Currency: AUD/USD
News: The Aussie was supported as Australia’s leading index rose 0.7% in December.
3 month Comment: Bullish
Open: 1.0174
Price: 1.0179

Forex Currency: NZD/USD
News: The Kiwi underperformed on expectation that the Reserve Bank of New Zealand may cut the interest rate.
3 month Comment: Consolidating
Open: 0.7514
Price: 0.7535

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Feb 25

The Aussie was supported as Australia’s leading index rose 0.7% in December

Experiences 1 Comment »


Forex Report 25th February 2011

Forex Currency: EUR/USD
News:As European Central Bank President Trichet reiterated his inflation concern yesterday, the Euro was supported.
3 month Comment: Bullish
Open: 1.3798
Price: 1.3776

Forex Currency: GBP/USD
News:The Pound was supported as the Bank of England’s previous rate minutes showed three members were in favor of rate hike.
3 month Comment: Consolidating
Open: 1.6135
Price: 1.6070

Forex Currency: USD/JPY
News:Market risk picked-up amid escalating violence in Middle East, prompted liquidity flew to yen as a safe haven and supported the yen.
3 month Comment: Consolidating
Open: 81.88
Price: 81.85

Forex Currency: USD/CAD
News:The Loonie was strengthened as crude oil surged yesterday.
3 month Comment: Consolidating
Open: 0.9824
Price: 0.9816

Forex Currency: USD/CHF
News: Market risk picked-up amid escalating violence in Middle East, prompted liquidity flew to swiss franc as a safe haven and supported the swiss franc.
3 month Comment: Consolidating
Open: 0.9261
Price: 0.9275

Forex Currency: AUD/USD
News:The Aussie was supported as Australia’s leading index rose 0.7% in December.
3 month Comment: Bullish
Open: 1.0086
Price: 1.0119

Forex Currency: NZD/USD
News:The Kiwi underperformed on expectation that the Reserve Bank of New Zealand may cut the interest rate.
3 month Comment: Consolidating
Open: 0.7472
Price: 0.7489

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Feb 24

At 0400 GMT today, the GBP is trading 0.1% higher against the USD at $1.6243, marginally lower against the EUR at €1.1788 and 0.3% lower against the JPY at ¥133.45

Experiences 1 Comment »

Forex Report 24th February 2011

Forex Currency: EUR/USD
News:As European Central Bank President Trichet reiterated his inflation concern yesterday, the Euro was supported.
3 month Comment: Bullish
Open: 1.3745
Price: 1.3746

Forex Currency: GBP/USD
News:The Pound was supported as the Bank of England’s previous rate minutes showed three members were in favor of rate hike.
3 month Comment: Consolidating
Open: 1.6209
Price: 1.6210

Forex Currency: USD/JPY
News: Market risk picked-up amid escalating violence in Middle East, prompted liquidity flew to yen as a safe haven and supported the yen.
3 month Comment: Consolidating
Open: 82.51
Price: 82.12

Forex Currency: USD/CAD
News:The Loonie was strengthened as crude oil surged yesterday.
3 month Comment: Consolidating
Open: 0.9899
Price: 0.9883

Forex Currency: USD/CHF
News:Market risk picked-up amid escalating violence in Middle East, prompted liquidity flew to swiss franc as a safe haven and supported the swiss franc.
3 month Comment: Consolidating
Open: 0.9328
Price: 0.9293

Forex Currency: AUD/USD
News:The Aussie was supported as Australia’s leading index rose 0.7% in December.
3 month Comment: Bullish
Open: 1.0018
Price: 1.0036

Forex Currency: NZD/USD
News:The Kiwi underperformed on expectation that the Reserve Bank of New Zealand may cut the interest rate.
3 month Comment: Consolidating
Open: 0.7451
Price: 0.7456

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Feb 23

The Kiwi heavily lost ground yesterday due to major earthquake in Christchurch and risk aversion

Experiences 2 Comments »


Forex Report 23rd February 2011

Forex Currency:  EUR/USD
News:  The Euro is trading slightly higher as investors speculate higher oil prices will force the ECP to tighten monetary policy to crub inflation.
3 month Comment: Consolidating
Open:  1.3648
Close: 1.3722

Forex Currency:  GBP/USD
News: The pound traded higher during Asia due to MPC meeting minutes out today which traders speculate will call for higher interest rates.
3 month Comment: Bullish
Open:  1.6134
Close:  1.6217

Forex Currency: USD/JPY
News: The yen ended higher against the USD yesterday as investors flocked to safer assets.
3 month Comment: Bearish
Open: 82.76
Close: 82.69

Forex Currency: USD/CAD
News:  The Loonie lost ground against the greenback due to flight to safety to the USD and marginally lower Retail Sales.
3 month Comment: Bearish
Open: 0.9902
Close: 0.9884

Forex Currency: USD/CHF
News: The swiss franc strengthened across the board due to investors risk aversion.
3 month Comment: Bearish
Open: 0.9385
Close: 0.9363

Forex Currency: AUD/USD
News: The Aussie also lost ground to the greenback yesterday as investors become risk averse and is back to near parity levels.
3 month Comment: Bearish
Open: 0.9985
Close: 1.0033

Forex Currency: NZD/USD
News: The Kiwi heavily lost ground yesterday due to major earthquake in Christchurch and risk aversion.
3 month Comment: Bearish
Open: 0.7462
Close: 0.7462

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Feb 22

At 0410 GMT today, the GBP is trading 0.4% lower against the USD at $1.6166, 0.3% higher against the EUR at €1.1897 and 0.1% lower against the JPY at ¥134.62

Experiences 1 Comment »


Forex Report 22nd February 2011

Forex Currency:  EUR/USD
News: The Euro rallied briefly due to weak data from the USD and a USD rate statement with economic view being less optimistic than expected.
3 month Comment: Consolidating
Open:  1.3677
Close: 1.3567

Forex Currency: GBP/USD
News: The pound rallied briefly as traders expect the Bank of England to increase interest rates to combat rising inflation
3 month Comment:  Bullish
Open:  1.6224
Close:  1.6161

Forex Currency:  USD/JPY
News: The yen’s ended higher against the USD following reports that Iran had received permission from Egypt to send two wardships through the Suez Canal.
3 month Comment:  Bearish
Open:  83.12
Close:  82.90

Forex Currency: USD/CAD
News: The Loonie strengthened due to higher commodity prices.
3 month Comment:  Bearish
Open:  0.9824
Close:  0.9852

Forex Currency:  USD/CHF
News: The swiss franc strengthened due to a weak USD and flight to safety concerns.
3 month Comment:  Consolidating
Open:  0.9465
Close:  0.9450

Forex Currency:  AUD/USD
News:  The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month Comment:  Bearish
Open:  1.0091
Close:  1.0024

Forex Currency:  NZD/USD
News: The Kiwi traded higher against the USD on speculation that Fonterra Cooperative Group would raise its forecast for payouts to farmers, boosting the New Zealand’s economic recovery.
3 month Comment:  Bearish
Open:  0.7636
Close:  0.7487

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Feb 21

Euro rallied briefly due to weak data from the USD and a USD rate statement with economic view being less optimistic than expected

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Forex Report 21st February 2011

Forex Currency: EUR/USD
News: The Euro rallied briefly due to weak data from the USD and a USD rate statement with economic view being less optimistic than expected.
3 month Comment: Consolidating
Open: 1.3691
Close: 1.3655

Forex Currency: GBP/USD
News: The pound rallied briefly as traders expect the Bank of England to increase interest rates to combat rising inflation
3 month Comment: Bullish
Open: 1.6251
Close: 1.6214

Forex Currency: USD/JPY
News: The yen’s ended higher against the USD following reports that Iran had received permission from Egypt to send two wardships through the Suez Canal.
3 month Comment: Bearish
Open: 83.15
Close: 83.16

Forex Currency:USD/CAD
News:The Loonie strengthened due to higher commodity prices.
3 month Comment: Bearish
Open: 0.9863
Close: 0.9828

Forex Currency: USD/CHF
News: The swiss franc strengthened due to a weak USD and flight to safety concerns.
3 month Comment: Consolidating
Open: 0.9442
Close: 0.9484

Forex Currency: AUD/USD
News:The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month Comment: Bearish
Open: 1.0142
Close: 1.0104

Forex Currency: NZD/USD
News: The Kiwi traded higher against the USD on speculation that Fonterra Cooperative Group would raise its forecast for payouts to farmers, boosting the New Zealand’s economic recovery.
3 month Comment: Bearish
Open: 0.7615
Close: 0.7631

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Feb 18

pound was supported as the previous rate minutes of Bank of England showed two members voted for a rate hike

Experiences 1 Comment »


Forex Report 18th February 2011

Forex Currency:EUR/USD
News: The Euro was supported as the USD was undermined by the U.S. Fed’s rate statement with economic view being less optimistic than expected.
3 month Comment: Consolidating
Open: 1.3605
Close: 1.3668

Forex Currency: GBP/USD
News: The pound was supported as the previous rate minutes of Bank of England showed two members voted for a rate hike
3 month Comment: Bearish
Open: 1.6171
Close: 1.6233

Forex Currency: USD/JPY
News: The yen’s upside was limited as the Treasury yield rose yesterday and the U.S.-Japan yield gap widened.
3 month Comment: Bearish
Open: 83.29
Close: 83.24

Forex Currency: USD/CAD
News: The Loonie was strengthened as crude oil bounced back sharply yestesrday.
3 month Comment: Bullish
Open: 0.9840
Close: 0.9826

Forex Currency: USD/CHF
News: The swiss franc was weakened as both global equities and commodity prices rebounded yesterday.
3 month Comment: Consolidating
Open: 0.9494
Close: 0.9480

Forex Currency: AUD/USD
News: The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month Comment: Bearish
Open: 1.0117
Close: 1.0135

Forex Currency: NZD/USD
News: The Kiwi was underpinned by the rate statement of the New Zealand’s central bank that the economic view was more positive than the previous.
3 month Comment:Bearish
Open: 0.7589
Close: 0.7627

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Feb 17

At 0410 GMT today, the GBP is trading 0.1% higher against the USD at $1.6103, marginally lower against the EUR at €1.1853 and slightly higher against the JPY at ¥134.58

Experiences 1 Comment »


FX Report 17th February 2011

Forex Currency: EUR/USD
The News: The Euro weakened as U.S. retail sales rose 0.3% only in January, trailed market estimates.
3 month Comment: Consolidating
Open:1.3566
Price:1.3556

Forex Currency:GBP/USD
News: U.K consumer price index rose 4.0% (YoY) in January, and GBP gained support.
3 month Comment: Bearish
Open: 1.6091
Price: 1.6096

Forex Currency: USD/JPY
News: Japanese yen’s downside was limited as global equities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 83.66
Price: 83.60

Forex Currency: USD/CAD
News: The Loonie was slightly suppressed as crude oil price retreated yesterday.
3 month Comment: Bullish
Open: 0.9847
Price: 0.9844

Forex Currency: USD/CHF
News: The swiss franc’s downside was limited as global equities retreated yesterday, risk aversion picked-up.
3 month Comment: Consolidating
Open: 0.9592
Price : 0.9598

Forex Currency: AUD/USD
News: The Aussie was suppressed yesterday as globalequities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 1.0028
Price: 1.0029

Forex Currency: NZD/USD
News: The Kiwi was suppressed yesterday as global equities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 0.7545
Price: 0.7545

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Feb 16

At 0410 GMT today, the GBP is trading 0.1% higher against the USD at $1.6157, 0.1% lower against the EUR at €1.1944 and 0.2% higher against the JPY at ¥135.30

Experiences 1 Comment »


Forex Report 16th February 2011

Forex Currency: EUR/USD
News: The euro weakened as U.S. retail sales rose 0.3% only in January, trailed market estimates.
3 month Comment: Consolidating
Open: 1.3485
Price: 1.3548

Forex Currency: GBP/USD
News: U.K. consumer price index rose 4.0% (YoY) in January, and GBP gained support.
3 month Comment: Bearish
Open: 1.6123
Price: 1.6126

Forex Currency: USD/JPY
News: Japanese yen’s downside was limited as global equities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 83.76
Price: 83.61

Forex Currency: USD/CAD
News: The Loonie was slightly suppressed as crude oil price retreated yesterday.
3 month Comment: Bullish
Open: 0.9896
Price: 0.9866

Forex Currency: USD/CHF
News: The swiss franc’s downside was limited as global equities retreated yesterday, risk aversion picked-up.
3 month Comment: Consolidating
Open: 0.9666
Price: 0.9619

Forex Currency: AUD/USD
News: The Aussie was suppressed yesterday as globalequities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 0.9962
Price: 0.9994

Forex Currency: NZD/USD
News: The Kiwi was suppressed yesterday as global equities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 0.7515
Price: 0.7539

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