Mar 11

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 1 Comment »


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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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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Aug 25

Rising yen sparks Japanese sell-off

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Forex Market Report 25th August 2010

Forex Currency: EUR/USD 
News: S&P yesterday lowered Ireland’s credit rating to AA-, which drove the Euro lower. 
3 month Comment: Bearish
Open: 1.2630 
Price: 1.2661

Forex Currency:GBP/USD 
News: As a Bank of England official said UK may fall into recession again, the pound plunged. 
3 month Comment: Bearish
Open: 1.5405 
Price: 1.5420

Forex Currency:USD/JPY 
News: Japanese Finance Minister was concerned the yen strength only, but he had further action to curb the issue.  
3 month Comment: Consolidating
Open: 84.14 
Price: 84.39

Forex Currency:USD/CAD 
News: As Canada’s retail sales in June rose 0.1% only
3 month Comment: Bullish
Open:1.0608 
Price: 1.0592

Forex Currency:USD/CHF 
News: Global equities declined yesterday and market risks climbed, which supported the swiss franc 
3 month Comment: Consolidating
Open:1.0316 
Price: 1.0307

Forex Currency:AUD/USD
News: On the lingering uncertainties of the Australia’s federal election, the Aussie was undermined
3 month Comment: Bearish
Open:0.8822
Price: 0.8853

Forex Currency:NZD/USD
News: Global equities declined yesterday and market risks climbed, which suppressed the kiwi.
3 month Comment: Bearish
Open:0.7023
Price: 0.7035

Due for release today is the EUR German Ifo Business Climate, USD Core Durable Goods Orders, USD New Home Sales and AUD Private Capital Expenditure.

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Aug 02

Pace of growth in China slows further

Experiences 1 Comment »

Forex Market Report 2nd August 2010

Currency: EUR/USD
News: The Eurozone’s Economic Confidence in July surged to 101.3,beating the market estimates of 99.1, which strengthened the euro.
Comment: Bullish
Open: 1.3050
Current Price: 1.3071

Currency: USD/JPY
News: Japan’s Household Expenses in June unexpectedly rose 0.5%,beating the estimated 0.9% growth, which supported the yen.
Comment: Consolidating
Open: 86.46
Current Price: 86.63

Currency: GBP/USD
News: Last week, an official from the Bank of England reiterated his support on rate hikes as soon as possible, the expection of pound’s rate hike heated up, which underpinned the pound.
Comment: Bullish
Open: 1.5682
Current Price: 1.5751

Currency: USD/CHF
News: Switerzland’s Consumption Index rose to 1.81 in June, beating the 1.712 previously, which supported the swiss franc.
Comment: Consolidating
Open: 1.0409
Current Price: 1.0421

Currency: USD/CAD
News: Canadian Teranet House Price Index rose for a 13th month in May with a 13.6% growth, which supported the loonie
Comment: Bearish
Open: 1.0285
Current Price: 1.0257

Currency: AUD/USD
News: The Reserve Bank of Australia (RBA) will have a rate meeting this week and it may keep the rates on hold, which may limit the upside potential of the Aussie.
Comment: Consolidating
Open: 0.9042
Current Price: 0.9093

Currency: NZD
News: Last week, the Reserve Bank of New Zealand hiked rates by 25bps but expressed its concerns over the economic outlook, and thus the kiwi plunged
Comment: Consolidating
Open: 0.7257
Current Price: 0.7287

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