Forex Blog by Greg Secker

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.

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.

Forex Market Report 27th July 2010

Currency: EUR/USD
News: The U.S. new home sales unexpectedly rose 23.6% and the improved sentiment supported the euro.
Comment: Bullish
Open: 1.2986
Current Price: 1.3018

Currency: USD/JPY
News: As global equities surged yesterday, risk appetite picked-up and limited the upside of the Japanese yen.
Comment: Bearish
Open: 86.96
Current Price: 87.01

Currency: GBP/USD
News: On speculation that the Bank of England may hike rates earlier, the pound tested upper at 1.55
Comment: Consolidating
Open: 1.5481
Current Price: 1.5416

Currency: USD/CHF
News: As global equities surged yesterday, market risk picked-up and limited the upside of the Swiss franc.
Comment: Consolidating
Open: 1.0488
Current Price: 1.0485

Currency: USD/CAD
News: The positive U.S. new home sales eased investors’ concern over Canadian exports’ impact by the U.S. housing market, which underpinned the Canadian dollar.
Comment: Bearish
Open: 1.0316
Current Price: 1.0311

Currency: AUD/USD
News: Investors expect the Australia’s inflation rate will climb that may prompt the rate hike again by the RBA, which supported the AUD .
Comment: Bullish
Open: 0.9018
Current Price: 0.9027

Currency: NZD
News: As speculation the Reserve Bank of New Zealand may hike rate by 25 bps in next Thursday, spurred interest rate expectation and supported the Kiwi.
Comment: Consolidating
Open: 0.7330
Current Price: 0.7349