Feb 24

At 0400 GMT today, the GBP is trading 0.1% higher against the USD at $1.6243, marginally lower against the EUR at €1.1788 and 0.3% lower against the JPY at ¥133.45

Experiences 1 Comment »

Forex Report 24th February 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: 1.3745
Price: 1.3746

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: 1.6209
Price: 1.6210

Forex Currency: USD/JPY
News: Market risk picked-up amid escalating violence in Middle East, prompted liquidity flew to yen as a safe haven and supported the yen.
3 month Comment: Consolidating
Open: 82.51
Price: 82.12

Forex Currency: USD/CAD
News:The Loonie was strengthened as crude oil surged yesterday.
3 month Comment: Consolidating
Open: 0.9899
Price: 0.9883

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: 0.9328
Price: 0.9293

Forex Currency: AUD/USD
News:The Aussie was supported as Australia’s leading index rose 0.7% in December.
3 month Comment: Bullish
Open: 1.0018
Price: 1.0036

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: 0.7451
Price: 0.7456

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Sep 06

European Central Bank kept interest rate unchanged yesterday

Experiences 1 Comment »

Forex Market Report 6th September 2010

Forex Currency: EUR/USD
News: European Central Bank kept interest rate unchanged yesterday, and revised up the economic growth forecast in the after meeting minutes, which supported the euro.
3 month Comment: Bearish
Open: 1.2895
Price: 1.2912

Forex Currency: GBP/USD
News: UK’s PMI construction index unexpectedly fell to 52.1 in August
3 month Comment: Bearish
Open: 1.5445
Price: 1.5477

Forex Currency: USD/JPY
News: As global equities rose and market risk receded yesterday, the yen was undermined.
3 month Comment: Consolidating
Open: 84.29
Price: 84.28

Forex Currency: USD/CAD
News: U.S. stocks and crude oil soared yesterday, which limited the downside of the CAD.
3 month Comment: Consolidating
Open: 1.0391
Price: 1.0377

Forex Currency: USD/CHF
News: As global equities rose and market risks receded yesterday, the Swiss franc was undermined.
3 month Comment: Consolidating
Open: 1.0163
Price: 1.0148

Forex Currency: AUD/USD
News: Australia’s trade surplus narrowed to AUD 1890 million, which limited the upside of the AUD million, which limited the upside of the AUD.
3 month Comment: Bullish
Open: 0.9170
Price: 0.9167

Forex Currency: NZD/USD
News: Global equities rose and market risks receded yesterday, which supported the NZD.
3 month Comment: Bearish
Open: 0.7211
Price: 0.7232

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