Mar 11

At 0400 GMT today, the GBP is trading 0.1% higher against the USD at $1.6072, 0.1% lower against the EUR at €1.1627 and 0.1% lower against the JPY at ¥ 133.10.

Experiences 1 Comment »


FX Report 11th March 2011

Forex Currency: EUR/USD
News:As Portugal successfully sold 1 billion euros of 2 year bond at auction, limited the euro’s downside.
3 month Comment:Bullish
Open: 1.3797
Price: 1.3786

Forex Currency:GBP/USD
News: The Pound was supported as U.K. trade deficit narrowed in January.
3 month Comment:Consolidating
Open: 1.6058
Price: 1.6008

Forex Currency:USD/JPY
News: As U.S. equities fell yesterday, risk aversion picked-up and limited the downside of the Japanese yen.
3 month Comment:Consolidating
Open: 82.96
Price: 82.10

Forex Currency:USD/CAD
News: CAD was supported as Canada’s new housing price index rose 0.2% in January, topped market estimates.
3 month Comment:Consolidating
Open: 0.9756
Price: 0.9792

Forex Currency:USD/CHF
News: As unrest in Libya intensified, risk aversion picked-up and the swiss franc gained supported.
3 month Comment:Consolidating
Open: 0.9319
Price: 0.9314

Forex Currency:AUD/USD
News: AUD weakened as Australia’s employment fell by 10,100 in February, trailed market estimates.
3 month Comment:Bullish
Open: 1.0004
Price: 1.0014

Forex Currency:NZD/USD
News: NZD fell as the Reserve Bank of New Zealand cut interest rate by 50 basis points this morning.
3 month Comment:Consolidating
Open: 0.7352
Price: 0.7382

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Mar 10

The Pound was supported as U.K. trade deficit narrowed in January. FTSEurofirst 300 index dropped 0.2% to close at 1,144.8.

Experiences 65 Comments »


FX Report 10th March 2011

Forex Currency: EUR/USD
News:As Portugal successfully sold 1 billion euros of 2 year bond at auction, limited the euro’s downside.
3 month Comment:Bullish
Open: 1.3907
Price: 1.3820

Forex Currency:GBP/USD
News: The Pound was supported as U.K. trade deficit narrowed in January.
3 month Comment:Consolidating
Open: 1.6200
Price: 1.6135

Forex Currency:USD/JPY
News: As U.S. equities fell yesterday, risk aversion picked-up and limited the downside of the Japanese yen.
3 month Comment:Consolidating
Open: 82.72
Price: 82.97

Forex Currency:USD/CAD
News: CAD was supported as Canada’s new housing price index rose 0.2% in January, topped market estimates.
3 month Comment:Consolidating
Open: 0.9679
Price: 0.9701

Forex Currency:USD/CHF
News: As unrest in Libya intensified, risk aversion picked-up and the swiss franc gained supported.
3 month Comment:Consolidating
Open: 0.9293
Price: 0.9333

Forex Currency:AUD/USD
News: AUD weakened as Australia’s employment fell by 10,100 in February, trailed market estimates.
3 month Comment:Bullish
Open: 1.0105
Price: 1.0028

Forex Currency:NZD/USD
News: NZD fell as the Reserve Bank of New Zealand cut interest rate by 50 basis points this morning.
3 month Comment:Consolidating
Open: 0.7364
Price: 0.7351

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Mar 07

Experiences 113 Comments »


Forex Report 7th 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: 1.3985
Price: 1.4030

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: 1.6267
Price: 1.6321

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: 82.26
Price: 82.08

Forex Currency:USD/CAD
News:The Loonie was strengthened as crude oil surged
3 month Comment: Consolidating
Open: 0.9734
Price: 0.9708

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: 0.9243
Price: 0.9255

Forex Currency: AUD/USD
News:The Aussie was supported as Australia’s leading index rose 0.7% in December.
3 month Comment:Bullish
Open:1.0136
Price:1.0159

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: 0.7380
Price: 0.7383

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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 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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Feb 15

While Bank of England announced to keep interest rate unchanged yesterday, investors speculated that the central bank may hike rate earlier

Experiences 1 Comment »


FX Report 15th February 2011

Forex Currency: EUR/USD
News: The Euro was supported as the USD was underminedby the U.S. Fed’s rate statement with economic view being less optimistic than expected.
3 month Comment: Consolidating
Open: 1.3488
Price: 1.3515

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: 1.6034
Price: 1.6040

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: 83.31
Price: 82.48

Forex Currency:USD/CAD
News: The Loonie was strengthened as crude oil bounced back sharply yestesrday.
3 month Comment: Bullish
Open: 0.9888
Price: 0.9881

Forex Currency: USD/CHF
News: The swiss franc was weakened as both global equities and commodity prices rebounded yesterday.
3 month Comment: Consolidating
Open: 0.9698
Price: 0.9688

Forex Currency:AUD/USD
News: The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month Comment: Bearish
Open: 1.0026
Price: 1.0028

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: 0.7563
Price: 0.7579

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Feb 11

While Bank of England announced to keep interest rate unchanged yesterday, investors speculated that the central bank may hike rate earlier

Experiences 1 Comment »

Forex Report 11th February 2011

Forex Currency: EUR/USD 
News: As the U.S. initial jobless claims unexpectedly fell, USD gained support and triggered euro lower.
3 month Comment: Consolidating 
Open: 1.3602 
Price: 1.3552

Forex Currency: GBP/USD 
News: While Bank of England announced to keep interest rate unchanged yesterday, investors speculated that the central bank may hike rate earlier, limited sterling’s downside
3 month Comment: Bearish 
Open: 1.6096 
Price: 1.6068

Forex Currency: USD/JPY 
News: Japanese yen’s was undermined as investors concern political tension might rise.
3 month Comment: Bearish 
Open: 83.22 
Price: 83.49

Forex Currency: USD/CAD 
News: The Loonie was supported as crude oil price stabilized yesterday.
3 month Comment: Bullish 
Open: 0.9950
Price: 0.9960

Forex Currency: USD/CHF 
News: The swiss franc’s downside was limited as market risk surged amid global equities fell yesterday.
3 month Comment: Consolidating 
Open: 0.9685
Price: 0.9707

Forex Currency: AUD/USD
News: The Aussie was suppressed as the Reserve Bank of Australia governor stated that it is appropriate to maintain the interest rate at current level.
3 month Comment: Bearish 
Open: 1.0043
Price: 0.9982

Forex Currency: NZD/USD 
News: NZD was suppressed as market risk surged amid global equities fell yesterday.
3 month Comment: Bearish
Open: 0.7642 
Price: 0.7579

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Sep 23

BHP Chiefs pay package worth $11.3 million

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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

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Sep 07

European markets finished higher

Experiences No Comments »

Foreign Exhcange Report 7th September 2010

Forex Currency: EUR/USD
News: As concern European banks will struggle to raise funds, damping the region’s economic outlook, and suppressed the euro.
3 month Comment: Bearish
Open: 1.2875
Price: 1.2808

Forex Currency:GBP/USD
News: Speculation that the Bank of England may increase asset purchases this week, which undermined the pound.
3 month Comment: Bearish
Open: 1.5395
Price: 1.5372

Forex Currency:USD/JPY
News: As global equities rose and market risk receded yesterday, and limited the upside of the yen.
3 month Comment: Consolidating
Open: 84.12
Price: 83.86

Forex Currency:USD/CAD
News: As global equities rose and market risk receded yesterday, and supported the CAD.
3 month Comment: Consolidating
Open: 1.0346
Price: 1.0377

Forex Currency:USD/CHF
News: As global equities rose and market risks receded yesterday, and limited the upside of the swiss franc
3 month Comment: Consolidating
Open: 1.0111
Price: 1.0092

Forex Currency:AUD/USD
News: Speculation that the Reserve Bank of Australia may keep interest rate unchanged, which limited the upside of the Aussie
3 month Comment: Bullish
Open: 0.9163
Price: 0.9143

Forex Currency:NZD/USD
News: Global equities rose and market risks receded yesterday, which supported the NZD.
3 month Comment: Bearish
Open: 0.7211
Price: 0.7225

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Aug 06

RBA warns retail banks, keep hands off interest rates

Experiences 2 Comments »

Forex Market Report 6th August 2010

Forex Currency: EUR/USD 
News: The ECB left the interest rates unchanged yesterday, without launching its withdrawal strategies, which limited the uptrend of the euro.  
Comment: Bullish
Open: 1.3185 
Price: 1.3189

Forex Currency: GBP/USD 
News: The Bank of England kept the interest rates on hold yesterday without downsizing QE.  
Comment: Bullish
Open: 1.5887 
Price: 1.5895

Forex Currency: USD/JPY 
News: Several Japanese officials reiterated the strong yen may hurt the economy, which limited the uptrend. 
Comment: Consolidating
Open: 85.85 
Price: 86.12

Forex Currency:USD/CAD 
News: Investors have first taken profits from the market while holding a wait-and-see approach for Canada’s employment data tonight. 
Comment: Bearish
Open: 1.0169 
Price: 1.0159

Forex Currency: USD/CHF 
News: U.S. equities fell yesterday while commodity prices retreated,  
Comment: Consolidating
Open: 1.0461 
Price: 1.0479

Forex Currency:AUD/USD 
News: U.S. equities fell yesterday while commodity prices retreated, market risks picked up, which suppressed the Aussie.   
Comment: Bullish
Open: 0.9151 
Price: 0.9163

Forex Currency:NZD/USD 
News: New Zealand’s jobless rate in the second quarter unexpectedly rebounded to 6.8%, the curbed rate hike expectation undermined the kiwi.  
Comment: Bullish
Open: 0.7293 
Price: 0.7285
Due for release today is the GBP Manufacturing Production M/m,  GBP PPI Input m/m, CAD Employment Change, CAD unemployment Rate, USD Non-Farm Employment Change, USD Unemployment Rate and CAD Ivey PMI.

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