Sep 23
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
Tagged with: Bank of England • Federal Reserve • Forex • Loonie
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
