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
Aug 16
Forex Market Report 16th August 2010
Forex Currency: EUR/USD
News: U.S. initial jobless claims unexpectedly bounced back, prompting market risks pick-up, which supported the USD and suppressed the euro.
Comment: Consolidating
Open: 1.2751
Current Price: 1.2793
Forex Currency: GBP/USD
News: Market risks climbed yesterday and the greenback rebounded, which drove the pound down.
Comment: Bullish
Open: 1.5589
Current Price: 1.5614
Forex Currency: USD/JPY
News: On investors’ concern that the Japanese government may intervene the yen appreciation, the yen was suppressed.
Comment: Consolidating
Open: 86.18
Current Price: 85.85
Forex Currency: USD/CAD
News: A well-known fund manager pointed out that he may add the exposure of the CAD bonds, which strengthened the loonie.
Comment: Bearish
Open: 1.0414
Current Price: 1.0385
Forex Currency: USD/CHF
News: As global equities fell yesterday, market risk rebounded and the Swiss Franc was underpinned
Comment: Consolidating
Open: 1.0509
Current Price: 1.0493
Forex Currency: AUD/USD
News: As global equities fell yesterday, market risk rebounded and the Aussie was undermined
Comment: Consolidating
Open: 0.8926
Current Price: 0.8927
Forex Currency: NZD/USD
News: New Zealand’s retail sales rose 0.9% in June and the kiwi was supported
Comment: Bullish
Open: 0.7048
Current Price: 0.7053
Due for release today is the USD TIC Long-Term Purchases and the AUD Monetary Policy Meeting Minutes.
Tagged with: Forex
Aug 12
Forex Market Report 14th August 2010
Currency: EUR/USD
News: Following the Federal Reserve announced it plans to reinvest the principal payments of maturing mortgage backed securities into the long-term Treasuries.
Comment: Bullish
Open: 1.2844
Price: 1.2912
Currency: GBP/USD
News: U.K. Nationwide Consumer Confidence Index in July fell to 56, which missed the market estimates and suppressed the pound
Comment:Bullish
Open:1.5640
Price:1.5703
Currency: USD/JPY
News: The Bank of Japan kept its interest rates unchanged and it may not revise down its forecast. Which favored the Yen
Comment:Consolidating
Open:85.26
Price:85.41
Currency: USD/CAD
News: Yesterday, oil prices and U.S. equities weakened the loonie.
Comment:Bearish
Open:1.0469
Price:1.0447
Currency: USD/CHF
News: Global equities fell and market risks picked up. Which favored the CHF.
Comment:Consolidating
Open:1.0604
Price:1.0576
Currency: AUD/USD
News: As China’s import growth in July slowed to 22.7% year on- year.
Comment:Bullish
Open:0.8914
Price: 0.8988
Due for release today is the USD Unemployment Claims and NZD Retail Sales m/m.
Tagged with: Federal Reserve • Forex
Aug 11
Forex Market Report 11th August 2010
Currency: EUR/USD
News: Yesterday, the Federal Reserve announced its plan to reinvest the principal payments of maturing mortgage backed securities into the long-term Treasuries.
Comment: Bullish
Open: 1.3175
Current Price: 1.3064
Currency: GBP/USD
News: U.K. Nationwide Consumer Confidence Index in July fell to 56, which missed the market estimates and suppressed the pound
Comment: Bullish
Open: 1.5845
Current Price: 1.5783
Currency: USD/JPY
News: The Bank of Japan yesterday kept its interest rates unchanged and it may not revise down its forecast.
Comment: Consolidating
Open: 85.32
Current Price: 85.33
Currency: USD/CAD
News: Yesterday, oil prices and U.S. equities weakened the loonie.
Comment: Bearish
Open: 1.0302
Current Price: 1.0342
Currency: USD/CHF
News: Global equities fell yesterday and market risks picked up.
Comment: Consolidating
Open: 1.0482
Current Price: 1.0555
Currency: AUD/USD
News: As China’s import growth in July slowed to 22.7% year on- year.
Comment: Bullish
Open: 0.9126
Current Price: 0.9040
Currency: NZD/USD
News: Global equities fell yesterday and market risks picked up, and therefore the kiwi was undermined.
Comment: Bullish
Open: 0.7231
Current Price: 0.7187
Due for release today is the GBP Claimant Count Change, GBP BOE Gove King Speaks, GBP BOE Inflation Report, CAD Trade Balance and USD Trade Balance.
Tagged with: Federal Reserve • Forex • Oil
Aug 10
Forex Market Report 10th August 2010
Forex Currency: EUR/USD
News: As investors are waiting for the Fed’s rate review this week and may have closed out their short positions on the Dollar
Comment: Bullish
Open: 1.3224
Price: 1.3154
Forex Currency: GBP/USD
News: U.K.’s RICS housing price survey in July fell to -8% which weakened the pound
Comment: Bullish
Open: 1.5900
Price: 1.5799
Forex Currency: USD/JPY
News: Global equities rose yesterday and market risks receded which weakened the YEN
Comment: Consolidating
Open: 85.92
Price: 85.91
Forex Currency: USD/CAD
News: As oil prices and U.S. equities rose yesterday, the loonie was supported.
Comment: Bearish
Open: 1.0272
1.0304
Forex Currency: USD/CHF
News: Global equities rose yesterday and market risks receded which weakened the Swiss Franc
Comment: Consolidating
Open: 1.0486
Price: 1.0540
Forex Currency: AUD/USD
News: As investors worry China may release weak economic data this week, the Aussie was weakened.
Comment: Bullish
Open: 0.9158
Price: 0.9114
Forex Currency: NZD/USD
News: New Zealand’s housing prices posted the lowest growth since last December.
Comment: Bullish
Open: 0.7284
Price: 0.7217
Due for release today is the JPY BOJ Press Conference, CAD Housing Starts, USD FOMC Statement, USD Federal Funds Rate and CNY CPI y/y.
Tagged with: China • Forex • Oil • Swiss
