Jan 27
FX Report 27th January 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:1.3712
Price:1.3716
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:1.5930
Price:1.5921
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:82.15
Price:82.16
Forex Currency:USD/CAD
News: The Loonie was strengthened as crude oil bounced back sharply yestesrday.
3 month Comment:Bullish
Open:0.9938
Price:0.9941
Forex Currency:USD/CHF
News: The swiss franc was weakened as both global equities and commodity prices rebounded yesterday.
3 month Comment:Consolidating
Open:0.9413
Price:0.9430
Forex Currency:AUD/USD
News: The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month Comment:Bearish
Open:0.9908
Price:0.9960
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:0.7725
Price:0.7730
Tagged with: Euro • Foreign Exchange • Forex • the dollar • The Pound • the yen
Jan 26
FX Report 26th January 2011
EUR/USD
The Euro was suppressed as the USD was driven up after the U.S. ADP employment growth saw a record high at 297,000 in December.
Consolidating
1.3681
1.3685
GBP/USD
The pound was undermined as U.K. PMI construction fell to 49.1 in December.
Consolidating
1.5815
1.5877
USD/JPY
The yen was suppressed amid the positive U.S. data, which prompted the Treasury yield to rise and the yieldgap between the U.S. and Japan widened.
Consolidating
82.24
82.14
USD/CAD
The Loonie was supported as crude oil price and U.S. stocks rebounded yesterday.
Consolidating
0.9969
0.9956
USD/CHF
The swiss franc was weakened as risk appetite picked up amid optimism of U.S. economic development.
Consolidating
0.9422
0.9429
AUD/USD
The AUD was suppressed on concern that the Australian floods may bring adverse effect to the economy and the central bank may keep the interest rate on hold next month.
Consolidating
0.9966
0.9970
NZD/USD
The NZD was undermined as the USD kept rising yesterday.
Consolidating
0.7686
0.7669
Tagged with: Foreign Exchange • Forex • the dollar • The Pound • the yen
Jan 24
EUR/USD
The Euro was suppressed as the USD was driven up after the U.S. ADP employment growth saw a record high at 297,000 in December.
Consolidating
1.3619
1.3562
GBP/USD
The pound was undermined as U.K. PMI construction fell to 49.1 in December.
Consolidating
1.5996
1.5940
USD/JPY
The yen was suppressed amid the positive U.S. data, which prompted the Treasury yield to rise and the yieldgap between the U.S. and Japan widened.
Consolidating
82.56
82.89
USD/CAD
The Loonie was supported as crude oil price and U.S. stocks rebounded yesterday.
Consolidating
0.9927
0.9965
USD/CHF
The swiss franc was weakened as risk appetite picked up amid optimism of U.S. economic development.
Consolidating
0.9579
0.9580
AUD/USD
The AUD was suppressed on concern that the Australian floods may bring adverse effect to the economy and the central bank may keep the interest rate on hold next month.
Consolidating
0.9895
0.9898
NZD/USD
The NZD was undermined as the USD kept rising yesterday.
Consolidating
0.7597
0.7591
Tagged with: Forex • the dollar • the euro • The Pound
Dec 14
Forex currency: EUR/USD
News: The Euro was driven down as Fitch Ratings cut Ireland’s credit rating yesterday.
3 month comment: Consolidating
Open: 1.3390
Price: 1.3455
Forex currency: GBP/USD
News: The pound was supported as the Bank of England keptthe interest rate and quantitative easing measureunchanged.
3 month comment: Consolidating
Open: 1.5861
Price: 1.5872
Forex currency: USD/JPY
News: The yen edged up slightly as the U.S. Treasury yield retreated yesterday.
3 month comment: Consolidating
Open: 83.35
Price: 82.97
Forex currency: USD/CAD
News: The Loonie was underpinned as Canada’s new home index rose 0.1% in October.
3 month comment: Consolidating
Open: 1.0070
Price: 1.0068
Forex currency: USD/CHF
News: The CHF was undermined as global equities rose and market risks fell yesterday.
3 month comment: Consolidating
Open: 0.9677
Price: 0.9626
Forex currency: AUD/USD
News: The Aussie was supported as Australia’s employment rose 54,600 in November and the unemployment rate fell to 5.2%.
3 month comment: Consolidating
Open: 0.9961
Price: 0.9995
Forex currency: NZD/USD
News: The Kiwi was weakened as the Reserve Bank of New Zealand gave dovish comments on the economic outlook.
3 month comment: Consolidating
Open: 0.7508
Price: 0.7555
Tagged with: Forex • Forex Currency • the dollar • the kiwi • The Pound • USD • Yen
Dec 03
EUR/USD
The Euro resumed its upside as investors expected the Irish concern may soon be settled.
Consolidating
1.3208
1.3254
GBP/USD
The pound was supported as the U.K. retail sales was up by 0.5% in October, topped the estimates.
Consolidating
1.5597
1.5649
USD/JPY
As global equities and commodity prices rebounded yesterday and market risks fell, the yen was suppressed.
Consolidating
83.81
83.58
USD/CAD
The Loonie was supported as Canada’s leading index rose 0.2% in October, topped the forecasts.
Consolidating
1.0025
1.0012
USD/CHF
As global equities rebounded yesterday and market risks fell, the CHF was undermined.
Consolidating
0.9928
0.9927
AUD/USD
As global equities rebounded yesterday and market risks fell, the Aussie was underpinned.
Consolidating
0.9767
0.9807
NZD/USD
The Kiwi was strengthened as New Zealand’s consumer price index climbed to 114.5 in November.
Consolidating
0.7550
0.7558
Tagged with: Global Equities • the dollar • the euro • the kiwi • The Pound
Dec 02
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
Tagged with: Canada • Euro • Foreign Exchange • Forex • Japan • the dollar • the kiwi
