Mar 16

At 0410 GMT today, the GBP is trading 0.1% lower against the USD at $1.6055, marginally higher against the EUR at €1.1493 and 0.4% lower against the JPY at ¥129.75.

Experiences 105 Comments »


FX Report 16th March

Forex Currency: EUR/USD
News:As Moody’s cut Spain’s credit rating to Aa2 from Aa1 with a negative outlook, suppressed the euro.
3 month Comment:Bullish
Open: 1.3996
Price: 1.3985

Forex Currency:GBP/USD
News: The Bank of England kept interest rates at a record low, sending the sterling lower.
3 month Comment:Consolidating
Open: 1.6079
Price: 1.6068

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: 80.74
Price: 80.85

Forex Currency:USD/CAD
News: Loonie fell as Canada’s international merchandise trade data trailed market estimates.
3 month Comment:Consolidating
Open: 0.9851
Price: 0.9834

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: 0.9163
Price: 0.9162

Forex Currency:AUD/USD
News: China unexpectedly posted a trade deficit in February, suppressed the Aussie.
3 month Comment:Bullish
Open: 0.9892
Price: 0.9940

Forex Currency:NZD/USD
News: As U.S. equities fell yesterday, risk aversion picked-up and weakened the Kiwi.
3 month Comment:Consolidating
Open: 0.7315
Price: 0.7327

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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 17

At 0410 GMT today, the GBP is trading 0.1% higher against the USD at $1.6103, marginally lower against the EUR at €1.1853 and slightly higher against the JPY at ¥134.58

Experiences 1 Comment »


FX Report 17th February 2011

Forex Currency: EUR/USD
The News: The Euro weakened as U.S. retail sales rose 0.3% only in January, trailed market estimates.
3 month Comment: Consolidating
Open:1.3566
Price:1.3556

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: 1.6091
Price: 1.6096

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: 83.66
Price: 83.60

Forex Currency: USD/CAD
News: The Loonie was slightly suppressed as crude oil price retreated yesterday.
3 month Comment: Bullish
Open: 0.9847
Price: 0.9844

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: 0.9592
Price : 0.9598

Forex Currency: AUD/USD
News: The Aussie was suppressed yesterday as globalequities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 1.0028
Price: 1.0029

Forex Currency: NZD/USD
News: The Kiwi was suppressed yesterday as global equities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 0.7545
Price: 0.7545

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Feb 09

Loonie was strengthened as crude oil bounced back sharply yestesrday

Experiences 1 Comment »

Forex Market Report 9th 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: 1.3624
Close: 1.3666

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: 1.6067
Close: 1.6066

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: 82.34
Close: 82.45

Forex Currency:USD/CAD
News: The Loonie was strengthened as crude oil bounced back sharply yestesrday.
3 month comment: Bullish
Open: 0.9950
Close: 0.9942

Forex Currency:USD/CHF
News: The swiss franc was weakened as both global equities and commodity prices rebounded yesterday.
3 month comment: Consolidating
Open: 0.9628
Close: 0.9624

Forex Currency:AUD/USD
News: The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month comment: Bearish
Open: 1.0145
Close: 1.0107

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: 0.7749
Close: 0.7720

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Oct 05

New Zealand’s home-building approvals slumped 17.8% to a 13-month low in August

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Forex Market Report 5th 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:1.3674
Price:1.3708

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:1.5820
Price:1.5803

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:83.41
Price:83.65

Forex Currency:USD/CAD
News:As U.S. equities retreated yesterday, risk aversion picked-up and undermined the Loonie.
3 month Comment:Bearish
Open:1.0231
Price:1.0241

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:0.9710
Price:0.9709

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:0.9674
Price:0.9565

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:0.7382
Price:0.7395

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Jun 02

President of Federal Reserve Bank of Chicago indicated European sovereign debt crisis will prompt U.S. central bank to delay rise of interest rates

Experiences 1 Comment »

Forex Report 2nd June 2010

Currency: EUR/USD 
News: President of Federal Reserve Bank of Chicago indicated  that the European sovereign debt crisis will prompt U.S. central bank to delay raising interest rates  
Comment: Consolidating 
Open: 1.2232
Current Price: 1.2206

Currency: GBP/USD 
News: Chief Secretary to the Treasury David Laws resigns over revelations about his parliamentary expenses.  
Comment: Consolidating 
Open: 1.4464 
Current Price: 1.4721

Currency: USD/JPY 
News: Japan’s social Democratic Party left the coalition government
Comment: Consolidating  
Open:91.12 
Current Price: 91.55

Currency: USD/CAD 
News: Canada’s GDP grew 6.1% at annualized 
Comment: Consolidating 
Open:1.0540 
Current Price: 1.0522

Currency: USD/CHF 
News: President of Federal Reserve Bank of Chicago indicated  that the European sovereign debt crisis will prompt U.S. central bank to delay raising interest rates
Comment: Consolidating 
Open:1.1554 
Current Price: 1.1567

Currency: AUD/USD 
News: In April, China PMI Manufacturing fell from 53.9 to 55.7.  
Comment: Consolidating 
Open:0.8325 
Current Price:0.8330

Currency: NZD/USD 
News: President of Federal Reserve Bank of Chicago indicated  that the European sovereign debt crisis will prompt U.S. central bank to delay raising interest rates 
Comment: Consolidating 
Open:0.6763 
Current Price: 0.6755
 
 Due for release today is the CHF Retail Sales y/y, USD Pending Home Sales m/m and the AUD Trade Balance.

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May 17

Germany keen for European neighbours to adopt a version of their fiscal law.

Experiences 1 Comment »

Forex Currency: EUR/USD 
News: Spain’s trade union will have a strike of public sector workers in June  
Comment: Consolidating 
Open: 1.2360 
Current Price: 1.2293

Forex Currency: GBP/USD 
News: In March U.K. Trade deficit widened 
Comment: Consolidating 
Open: 1.4533 
Current Price: 1.4388

Forex Currency: USD/JPY 
News: Yesterday, global equities retreated 
Comment: Consolidating 
Open: 92.44 
Current Price: 92.08

Forex Currency: USD/CAD 
News: Yesterday, U.S equities and crude oil prices retreated 
Comment: Bearish 
Open: 1.0351 
Current Price: 1.0378

Forex Currency: USD/CHF 
News: Investors are concerned that the fiscal deficit reduction plan may affect the Euro area’s economic growth 
Comment: Consolidating 
Open: 1.1331 
Current Price: 1.1394

Forex Currency: AUD/USD 
News: In April, Australia’s employment gained 33,700 jobs 
Comment: Consolidating 
Open:0.8862 
Current Price: 0.8774

Forex Currency: NZD/USD 
News: In March, New Zealand retail sales rose by 0.5% 
Comment: Consolidating 
Open: 0.7069 
Current Price: 0.7015
Due for release today is the USD TIC Long-term purchases, CHF SNB Chairman Hildebrand Speaks and the AUD Monetary Policy Meetings Minutes.

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