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
Feb 09
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
Tagged with: Foreign Exchange • Forex • GBP • Oil • USD • Yen
Sep 29
FX Report 29th September 2010
Forex Currency:EUR/USD
News:As U.S. Consumer Confidence is weaker-thanexpected, the greenback fell and the Euro was supported.
3 month Comment:Bullish
Open:1.3584
Price:1.3616
Forex Currency:GBP/USD
News:The pound was underpinned as U.K. posted a 1.2% growth of GDP in the second quarter without any downward revision.
3 month Comment:Consolidating
Open:1.5803
Price:1.5857
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:83.83
Price:83.55
Forex Currency:USD/CAD
News:The Loonie’s upside was capped since crude oil fell yesterday.
3 month Comment:Bearish
Open:1.0300
Price:1.0272
Forex Currency:USD/CHF
News:As global equities rose yesterday, market risks retreated and the swiss franc’s upside was capped.
3 month Comment:Bearish
Open:0.9760
Price:0.9743
Forex Currency:AUD/USD
NewsAs global equities rose yesterday, market risks fell and the Aussie was strengthened.
3 month Comment:Bullish
Open:0.9602
Price:0.9590
Forex Currency:NZD/USD
NewsThe Kiwi’s upside was capped as New Zealand’s trade deficit trailed the market estimates at NZD437 million in August.
3 month Comment:Consolidating
Open:0.7392
Price:0.7394
Tagged with: Forex • knowledge to action • Oil
Sep 27
Forex Market Report 27th September 2010
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:1.3487
Price:1.3467
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:1.5819
Price:1.5819
Forex Currency:USD/JPY
News:As global equities fell yesterday, market risks rose and the yen was supported..
3 month Comment:Consolidating
Open:84.25
Price:84.24
Forex Currency:USD/CAD
News:The rebound of crude oil yesterday supported the Loonie.
3 month Comment:Bearish
Open:1.0243
Price:1.0241
Forex Currency:USD/CHF
News:As global equities fell yesterday, market risks rose and the swiss franc was supported.
3 month Comment:Bearish
Open:0.9827
Price:0.9863
Forex Currency:AUD/USD
News:As global equities fell yesterday, market risks rose and the Aussie was suppressed.
3 month Comment:Bullish
Open:0.9493
Price:0.9590
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:0.7342
Price:0.7334
Tagged with: Forex • Oil • Swiss
Sep 24
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
Tagged with: Euro • Forex • Ireland • Oil • Swiss
Sep 09
Foreign Exchange Report 9th September 2010
Forex Currency: EUR/USD
News: Portuguese and Poland’s bond auction drew stronger
than expected demand, eased concern on European debt crisis, which stabilized the euro.
3 month Comment:Consolidating
Open:1.2723
Price:1.2685
Forex Currency:GBP/USD
News: As U.K. manufacturing expanded for a third month in July, which supported the pound.
3 month Comment:Bearish
Open:1.5472
Price:1.5423
Forex Currency:USD/JPY
News: As global equities surged yesterday, market risk
receded and limited the upside of the yen.
3 month Comment:Consolidating
Open:83.86
Price:83.72
Forex Currency:USD/CAD
News: Bank of Canada increased interest rate by 25 basis
points to 1% yesterday, and underpinned the Loonie.
3 month Comment:Bearish
Open:1.0368
Price:1.0373
Forex Currency:USD/CHF
News: As global equities surged yesterday, market risk
receded and limited the upside of the swiss franc.
3 month Comment:Consolidating
Open:1.0110
Price:1.0110
Forex Currency:AUD/USD
News: As U.S. equities and crude oil prices surged yesterday,
risk appetite picked-up and supported the AUD
3 month Comment:Bullish
Open:0.9184
Price:0.9214
Forex Currency:NZD/USD
News: As U.S. equities and crude oil prices surged yesterday,
risk appetite picked-up and supported the NZD.
3 month Comment:Bullish
Open:0.7228
Price:0.7217
Tagged with: Canada • Forex • Oil
Aug 23
Forex Market Report 23rd August 2010
Forex Currency: EUR/USD
News: Several US economic figures missed market estimates last week and the rising market risks suppressed the Euro.
3 month Comment: Bearish
Open:1.2705
Price: 1.2727
Forex Currency: GBP/USD
News: UK retail sales rose 1.1% in July and the forecast beating figure boosted the pound
3 month Comment: Consolidating
Open: 1.5530
Price: 1.5590
Forex Currency: USD/JPY
News: Global equities retreated and market risks climbed, which favored the yen.
3 month Comment: Consolidating
Open: 85.56
Price: 85.36
Forex Currency: USD/CAD
News: As crude oil and the U.S. equities kept declining the Loonie was suppressed.
3 month Comment:Consolidating
Open: 1.0459
Price: 1.0469
Forex Currency: USD/CHF
News: Global equities declined and market risks climbed, which supported the Swiss franc.
3 month Comment: Consolidating
Open: 1.0335
Price: 1.0327
Forex Currency: AUD/USD
News: The emergence of a hung parliament in Australia’s election, the Aussie was undermined
3 month Comment: Bearish
Open: 0.8940
Price: 0.8917
Forex Currency: NZD/USD
News: Global equities declined and market risks climbed which suppressed the kiwi
3 month Comment: Bearish
Open: 0.7063
Price: 0.7061
Tagged with: Forex • Global Equities • Oil
