Mar 07
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
Tagged with: Bank of England • consumer price index • currency • Foreign Exchange • Forex • Interest rates • knowledge to action • The Pound
Mar 02
Forex Report 2nd 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:1.3775
Price: 1.3813
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: 1.6263
Price: 1.6289
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: 81.83
Price: 82.01
Forex Currency: USD/CAD
News: The Loonie was strengthened as crude oil surged
3 months Comment: Consolidating
Open :0.9745
Price: 0.9738
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: 0.9283
Price: 0.9265
Forex Currency: AUD/USD
News:The Aussie was supported as Australia’s leading index rose 0.7% in December.
3 month Comment: Bullish
Open: 1.0131
Price: 1.0137
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: 0.7469
Price :0.7409
Tagged with: consumer price index • currency • Current Price • Foreign Exchange • Forex • Global Equities • Interest rates • knowledge to action
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
Jun 16
Foreign Exchange Report 16th June 2010
Forex Currency: EUR/USD
News: Moody’s Investors Service lowered Greece’s credit rating to non-investment grade
Comment: Bearish
Open: 1.2323
Current Price: 1.2328
Forex Currency: GBP/USD
News: BOE will have to raise interest rates
Comment: Consolidating
Open:1.4800
Current Price:1.4804
Forex Currency: USD/JPY
News: Moody’s Investors Service lowered Greece’s credit rating to non-investment grade
Comment: Consolidating
Open:91.51
Current Price:91.56
Forex Currency: USD/CAD
News: The mix performance of crude oil prices and U.S.Equities, reduced potential of the loonie
Comment: Consolidating
Open:1.0250
Current Price:1.0249
Forex Currency: USD/CHF
News: In May, Switzerland’s producer and import prices rose 1.4%
Comment: Consolidating
Open:1.1336
Current Price:1.1289
Forex Currency: AUD/USD
News: The mix performance of crude oil prices and U.S.Equities, reduced potential of the loonie
Comment: Bullish
Open:0.8645
Current Price:0.8647
Forex Currency: NZD/USD
News: In May REINZ house sales dropped 17.2% (YoY)
Comment: Bullish
Open:0.6981
Current Price:0.6952
Due for release today is the GBP Claimant Count Change, USD Building Permits, USD PPI m/m, GBP BOE Gov King Speaks and USD Fed Chairman Bernanke Speaks.
Tagged with: Forex • Interest rates
