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
Aug 10
Forex Market Report 10th August 2010
Forex Currency: EUR/USD
News: As investors are waiting for the Fed’s rate review this week and may have closed out their short positions on the Dollar
Comment: Bullish
Open: 1.3224
Price: 1.3154
Forex Currency: GBP/USD
News: U.K.’s RICS housing price survey in July fell to -8% which weakened the pound
Comment: Bullish
Open: 1.5900
Price: 1.5799
Forex Currency: USD/JPY
News: Global equities rose yesterday and market risks receded which weakened the YEN
Comment: Consolidating
Open: 85.92
Price: 85.91
Forex Currency: USD/CAD
News: As oil prices and U.S. equities rose yesterday, the loonie was supported.
Comment: Bearish
Open: 1.0272
1.0304
Forex Currency: USD/CHF
News: Global equities rose yesterday and market risks receded which weakened the Swiss Franc
Comment: Consolidating
Open: 1.0486
Price: 1.0540
Forex Currency: AUD/USD
News: As investors worry China may release weak economic data this week, the Aussie was weakened.
Comment: Bullish
Open: 0.9158
Price: 0.9114
Forex Currency: NZD/USD
News: New Zealand’s housing prices posted the lowest growth since last December.
Comment: Bullish
Open: 0.7284
Price: 0.7217
Due for release today is the JPY BOJ Press Conference, CAD Housing Starts, USD FOMC Statement, USD Federal Funds Rate and CNY CPI y/y.
Tagged with: China • Forex • Oil • Swiss
Aug 03
Forex Market Report 3rd August 2010
Forex Currency: EUR/USD
News: The Eurozone PMI Manufacturing in July rose to 56.7, and the better-than-expected figure supported the euro
Comment: Bullish
Open: 1.3173
Current Price: 1.3157
Forex Currency:GBP/USD
News: Britain’s PMI Manufacturing in July fell to 57.3, which was still forecast-beating and therefore supported the pound.
Comment: Bullish
Open: 1.5887
Current Price: 1.5870
Forex Currency:USD/JPY
News: Japan’s Prime Minister Naoto Kan pledged to combat deflation and the yen was thus suppressed.
Comment: Consolidating
Open: 86.42
Current Price: 86.43
Forex Currency:USD/CAD
News: Oil prices soared yesterday and strengthened theloonie
Comment: Bearish
Open: 1.0235
Current Price: 1.0250
Forex Currency:USD/CHF
News: Swiss SVME PMI climbed to 66.9, better than expected, and the Swiss franc was supported.
Comment: Consolidating
Open: 1.0391
Current Price: 1.0394
Forex Currency:AUD/USD
News: On speculation that the Reserve Bank of Australia may not raise rates today, the Aussie’s upside was limited.
Comment: Bullish
Open: 0.9126
Current Price: 0.9084
Forex Currency:NZD/USD
News: Global equities and commodity prices rebounded, market risks receded, which was conducive to the kiwi.
Comment: Bullish
Open: 0.7316
Current Price: 0.7321
Due for release today is US pending home sales and the AUD trade balance.
Tagged with: Forex • Oil
Jul 30
Forex Market Report 30th July 2010
Currency: EUR/USD
News: The U.S. Federal Reserve released the latest Beige Book, expressing concerns over the economic conditions. Market risks picked-up, which undermined the euro.
Comment: Bullish
Open: 1.3080
Current Price: 1.3070
Currency: USD/JPY
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the yen.
Comment: Consolidating
Open: 86.88
Current Price: 86.44
Currency: GBP/USD
News: The Bank of England Governor yesterday said the rates will stay low for a considerable time to come, triggering the pound to fall from its high.
Comment: Consolidating
Open: 1.5609
Current Price: 1.5614
Currency: USD/CHF
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the Swiss franc
Comment: Consolidating
Open: 1.0411
Current Price: 1.0410
Currency: USD/CAD
News: The Loonie fell as crude oil prices retreated yesterday.
Comment: Bearish
Open: 1.0356
Current Price: 1.0358
Currency: AUD/USD
News: Australia’s second-quarter consumer price index only rose 0.6%, missed the market estimates and curbed the rate hike expectation, which weakened the Aussie.
Comment: Bullish
Open: 0.9007
Current Price: 0.9010
Currency: NZD
News: The Reserve Bank of New Zealand raised the rate by 25 bps, but its post-meeting statement showed its concern over the economic growth, which underminedthe kiwi.
Comment: Bullish
Open: 0.7239
Current Price: 0.7235
Tagged with: Bank of England • Forex • Oil • U.S equities
Jul 28
Forex Market Report 28th July 2010
Currency: EUR/USD
News: The U.S. consumer confidence fell to 50.4 in July, the lowest level in five months. Risk aversion picked-up, which supported the greenback.
Comment: Bullish
Open: 1.3000
Current Price: 1.3020
Currency: USD/JPY
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the yen.
Comment: Bearish
Open: 87.85
Current Price: 87.86
Currency: GBP/USD
News: Confederation of British Industry showed U.K. retail sales rose at the fastest pace in more than three years in July, which supported the pound.
Comment: Consolidating
Open: 1.5595
Current Price: 1.5589
Currency: USD/CHF
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the swiss franc.
Comment: Consolidating
Open: 1.0599
Current Price: 1.0590
Currency: USD/CAD
News: As U.S. equities and crude oil prices retreated yesterday, the risk appetite receded and limited the upside of the Loonie.
Comment: Bearish
Open: 1.0349
Current Price: 1.0317
Currency: AUD/USD
News: Core Inflation slows for the June quarter reducing the chances of interest rate rises, limiting the upside for the AUD
Comment:Consolidating
Open: 0.9006
Current Price: 0.8943
Currency: NZD
News: As speculation the Reserve Bank of New Zealand may hike rate by 25 bps in next Thursday, spurred interest rate expectation and supported the Kiwi.
Comment: Bullish
Open: 0.7319
Current Price: 0.7290
Tagged with: Forex • Oil
Jul 26
Forex Market Report 26th July 2010
Currency: EUR/USD
News: German service PMI rose from 54.8 to 57.3 in July, the highest in almost three years, which supported the euro.
Comment: Bullish
Open: 1.2902
Current Price: 1.2939
Currency: USD/JPY
News: As global equities and oil prices surged yesterday, risk appetite picked-up and limited the upside of the Japanese yen.
Comment: Bearish
Open: 87.41
Current Price: 87.37
Currency: GBP/USD
News: U.K. retail sales climbed 0.7% (M/M) in June, topped market estimates, and supported the pound.
Comment: Consolidating
Open: 1.5417
Current Price: 1.5472
Currency: USD/CHF
News: As global equities and oil prices surged, market risk picked-up and supported the Swiss franc.
Comment: Consolidating
Open: 1.0545
Current Price: 1.0517
Currency: USD/CAD
News: Canada retail sales unexpectedly dropped 0.2% (M/M) in May, trailed market estimates, which limited the upside of the Canadian dollar.
Comment: Bearish
Open: 1.0357
Current Price: 1.0350
Currency: AUD/USD
News: As U.S. corporate earnings results were better-than expected, risk appetite picked-up and favored the high-yielders like Aussie.
Comment:Consolidating AUD
Open: 0.8952
Current Price: 0.8980
Currency: NZD
News: As speculation the Reserve Bank of New Zealand may hike rate by 25 bps in next Thursday, spurred interest rate expectation and supported the Kiwi.
Comment: Consolidating
Open: 0.7273
Current Price: 0.7294
Tagged with: Canada • Forex • German • Oil • Swiss
Jul 23
Forex Market Report 23rd July 2010
Currency: EUR/USD
News: German service PMI rose from 54.8 to 57.3 in July, the highest in almost three years, which supported the euro.
Comment: Bullish
Open: 1.2887
Current Price: 1.2878
Currency: USD/JPY
News: As global equities and oil prices surged yesterday, risk appetite picked-up and limited the upside of the Japanese yen.
Comment: Bearish
Open: 87.03
Current Price: 87.00
Currency: GBP/USD
News: As U.K. retail sales climbed 0.7% (M/M) in June, topped market estimates, and supported the pound.
Comment: Consolidating
Open: 1.5255
Current Price: 1.5284
Currency: USD/CHF
News: As global equities and oil prices surged yesterday, market risk picked-up and supported the Swiss franc.
Comment: Consolidating
Open: 1.0432
Current Price: 1.451
Currency: USD/CAD
News: Canada retail sales unexpectedly dropped 0.2% (M/M) in May, trailed market estimates, which limited the upside of the Canadian dollar.
Comment: Bearish
Open: 1.03771
Current Price: 1.0382
Currency: AUD/USD
News: As U.S. corporate earnings results were better-than expected yesterday, risk appetite picked-up and favored the high-yielders like Aussie.
Comment:Consolidating AUD
Open: 0.8932
Current Price: 0.8929
Currency: NZD
News: As speculation the Reserve Bank of New Zealand may hike rate by 25 bps in next Thursday, spurred interest rate expectation and supported the Kiwi.
Comment: Consolidating
Open: 0.7245
Current Price: 0.7242
Tagged with: Forex • German • Oil
