Mar 14

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 107 Comments »


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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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

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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

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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 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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Jan 27

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.

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FX Report 27th January 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:1.3712 
Price:1.3716

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:1.5930 
Price:1.5921

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:82.15 
Price:82.16

Forex Currency:USD/CAD 
News: The Loonie was strengthened as crude oil bounced back sharply yestesrday.  
3 month Comment:Bullish 
Open:0.9938
Price:0.9941

Forex Currency:USD/CHF 
News: The swiss franc was weakened as both global equities and commodity prices rebounded yesterday. 
3 month Comment:Consolidating 
Open:0.9413
Price:0.9430

Forex Currency:AUD/USD
News: The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month Comment:Bearish
Open:0.9908
Price:0.9960

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:0.7725 
Price:0.7730

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Dec 02

Forex report, 2nd December

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Forex Currency: EUR/USD
News: The euro rose against most of its major counterparts on speculation European Central Bank policy makers will signal tomorrow their willingness to act to prevent the spread of the region’s debt crisis.
3 Month Comment: Bearish
Open:1.3138
Price:1.3188

Forex Currency: GBP/USD
News: Sterling fell against the dollar for the 8th consecutive day due to news that House prices could fall another 5% in fear of government budget cuts
3 Month Comment: Bearish
Open:1.5619
Price:1.5649

Forex Currency: USD/JPY
News:The yen may strengthen to 81.19 per dollar if the Japanese currency can move through the top line of an ichimoku cloud, according to Royal Bank of Canada.
3 Month Comment: Bullish
Open:84.17
Price:84.13

Forex Currency: USD/CHF
News: The Swissy rallied yesterday due to dollar strength
3 Month Comment: Bullish
Open:1.0021
Price:1.0006

Forex Currency: USD/CAD
News: Canada’s dollar fell to the lowest level in a month versus the greenback after a government report showed the nation’s economy expanded at a slower pace in the third quarter than economists forecast.
3 Month Comment: Consolidating
Open:1.0168
Price:1.0133

Forex Currency: NZD/USD
News: The Kiwi traded near a 10-week low on the back of Australias poor growth figures
3 Month Comment: Bearish
Open:0.7487
Price:0.7525

Forex Currency: AUD/USD
News: Australia’s dollar traded near a 10- week low versus the greenback after a government report showed the economy grew at half the pace that analysts forecast in the third quarter.
3 Month Comment: Bearish
Open:0.9682
Price:0.9685

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Sep 24

Euro -zone and Ireland triggered liquidity inflow from the Euro to pound

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Forex Market Report

Forex Currency:EUR/USD
News:Euro-zone’s PMI Manufacturing fell to 53.6 in September, worse than estimates, which limited the uptrend of EUR.
3 month Comment:Bullish
Open:1.3313
Price:1.3337

Forex Currency:GBP/USD
News:The disappointing economic figures of Euro -zone and Ireland triggered liquidity inflow from the Euro to pound, which supported the GBP yesterday.
3 month Comment:Bearish
Open:1.5681
Price:1.5677

Forex Currency:USD/JPY
News:As global equities fell yesterday, market risks rose and the yen was supported..
3 month Comment:Consolidating
Open:84.40
Price:84.84

Forex Currency:USD/CAD
News:The rebound of crude oil yesterday supported the Loonie.
3 month Comment:Bearish
Open:1.0342
Price:1.0313

Forex Currency:USD/CHF
News:As global equities fell yesterday, market risks rose and the swiss franc was supported.
3 month Comment:Bearish
Open:0.9854
Price:0.9837

Forex Currency:AUD/USD
News:As global equities fell yesterday, market risks rose and the Aussie was suppressed.
3 month Comment:Bullish
Open:0.9491
Price:0.9510

Forex Currency:NZD/USD
News:New Zealand’s GDP in the second quarter missed the estimates and rose 0.2% only, which undermined the Kiwi.
3 month Comment:Consolidating
Open:0.7283
Price:0.7296

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Sep 08

Commodities drive surge in food inflation

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Foreign Exchange Market Report 8th September 2010

Forex Currency: EUR/USD
News: It was reported that European Union stress tests underestimated some lenders’ holdings of risky government debt, which weakened the euro.
3 month Comment: Consolidating
Open: 1.2682
Price: 1.2728

Forex Currency:GBP/USD
News: As concern on European debt crisis arose, risk aversion picked-up which undermined the pound.
3 month Comment: Bearish
Open: 1.5353
Price: 1.5426

Forex Currency:USD/JPY
News: As global equities retreated and market risk picked-up yesterday, and supported the yen.
3 month Comment: Consolidating
Open: 83.75
Price: 83.56

Forex Currency:USD/CAD
News: As U.S. equities and crude oil prices plunged yesterday, which suppressed the CAD.
3 month Comment: Bearish
Open: 1.0474
Price: 1.0466

Forex Currency:USD/CHF
News: As global equities retreated and market risk picked-up yesterday, and supported the swiss franc.
3 month Comment: Consolidating
Open: 1.0110
Price: 1.0075

Forex Currency:AUD/USD
News: Australia’s Prime Minister Julia Gillard won the election yesterday and decided to pursue a tax on mining companies, which suppressed the Aussie.
3 month Comment: Bullish
Open: 0.9105
Price: 0.9161

Forex Currency:NZD/USD
News: As U.S. equities and crude oil prices plunged yesterday, which suppressed the Kiwi.
3 month Comment: Bullish
Open: 0.7185
Price: 0.7192

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Aug 18

Food prices surge keeps inflation high

Foreign Exchange 1 Comment »

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.

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