Feb 22
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
Tagged with: China • consumer price index • Euro • Foreign Exchange • Forex • Forex Market • Interest rates • knowledge to action • Oil
Oct 04
Forex Market Report 4th October 2010
Forex Currency:EUR/USD
News:European economic confidence outlook unexpectedly rose to 103.2 in September, which underpinned the euro.
3 month Comment:Bullish
Open:1.3791
Price:1.3718
Forex Currency:GBP/USD
News:U.S. mortgage approval dropped to 47,400 in August, less than expected, which suppressed the pound.
3 month Comment:Consolidating
Open:1.5815
Price:1.5751
Forex Currency:USD/JPY
News:The yen was supported on investors’ rising expectation the Federal Reserve may expand the quantitative easing measures.
3 month Comment:Bearish
Open:83.19
Price:83.27
Forex Currency:USD/CAD
News:As U.S. equities retreated yesterday, risk aversion picked-up and undermined the Loonie.
3 month Comment:Bearish
Open:1.0205
Price:1.0217
Forex Currency:USD/CHF
News:KOF swiss leading indicator slightly dropped to 2.21 in September and the swiss franc’s upside was capped.
3 month Comment:Bearish
Open:0.9734
Price:0.9770
Forex Currency:AUD/USD
News:China PMI manufacturing rose to 52.9 in September, a second straight month rise, which supported Aussie.
3 month Comment:Bullish
Open:0.9721
Price:0.9670
Forex Currency:NZD/USD
News:New Zealand’s home-building approvals slumped 17.8% to a 13-month low in August, which suppressed the Kiwi.
3 month Comment:Consolidating
Open:0.7447
Price:0.7410
Tagged with: China • Forex • U.S equities
Sep 30
Forex Market Report 30th September 2010
Forex Currency:EUR/USD
News:European economic confidence outlook unexpectedly rose to 103.2 in September, which underpinned the euro.
3 month Comment:Bullish
Open:1.3621
Price:1.3584
Forex Currency:GBP/USD
News:U.S. mortgage approval dropped to 47,400 in August, less than expected, which suppressed the pound.
3 month Comment:Consolidating
Open:1.5806
Price:1.5833
Forex Currency:USD/JPY
News:The yen was supported on investors’ rising expectation the Federal Reserve may expand the quantitative easing measures.
3 month Comment:Bearish
Open:83.72
Price:83.30
Forex Currency:USD/CAD
News:As U.S. equities retreated yesterday, risk aversion picked-up and undermined the Loonie.
3 month Comment:Bearish
Open:1.0324
Price:1.0324
USD/CHF
News:KOF swiss leading indicator slightly dropped to 2.21 in September and the swiss franc’s upside was capped.
3 month Comment:Bearish
Open:0.9772
Price:0.9781
Forex Currency:AUD/USD
News:China PMI manufacturing rose to 52.9 in September, a second straight month rise, which supported Aussie.
3 month Comment:Bullish
Open:0.9681
Price:0.9680
Forex Currency:NZD/USD
News:New Zealand’s home-building approvals slumped 17.8% to a 13-month low in August, which suppressed the Kiwi.
3 month Comment:Consolidating
Open:0.7353
Price:0.7368
Tagged with: China • Forex • Swiss • Yen
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 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
Jul 16
Foreign Exchange Report 16th July 2010
Forex Currency: EUR/USD
News: Spain sold 3 billion euros of 15-year bonds at an average yield of 5.116%, with demand strong enough to ease concern on the European debt crisis
Comment: Bullish
Open: 1.2929
Current Price: 1.2924
Forex Currency: GBP/USD
News: U.S. producer prices declined 0.5% (MoM) in June
Comment: Consolidating
Open: 1.5443
Current Price: 1.5425
Forex Currency: USD/JPY
News: As concern on the U.S. economic recovery may be sluggish, risk aversion picked-up and supported the JPY
Comment: Consolidating
Open: 87.35
Current Price: 87.29
Forex Currency: USD/CAD
News: Canada’s manufacturing sales rose 0.4% (MoM).
Comment: Bearish
Open: 1.0383
Current Price: 1.0396
Forex Currency: USD/CHF
News: As concern on the U.S. economic recovery may be sluggish, risk aversion picked-up and supported the CHF
Comment: Consolidating
Open: 1.0414
Current Price: 1.416
Forex Currency:AUD/USD
News: China’s industrial production only rose 13.7% (YoY), trailed market estimates, which triggered the Australian Lower
Comment: Consolidating
Open: 0.8835
Current Price: 0.8792
Forex Currency: NZD/USD
News: New Zealand’s consumer prices increased 0.3%.
Comment:Consolidating
Open: 0.7273
Current Price:0.7188
Due for release today is the JPY BOJ Press Conference USD PPI m/m, USD Unemployment Claims, USD Fed Gov Nomination Hearings, USD Philly Fed Manufacturing Index and the NZD CPI q/q.
Tagged with: China • Foreign Exchange • Forex
