Jan 28

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.

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 FX Report 28th 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:1.3732 
Price:1.3680

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:1.5926 
Price:1.5868

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:82.90 
Price:82.60

USD/CAD 
News:The Loonie was strengthened as crude oil bounced back sharply yestesrday.  
3 month Comment:Bullish
Open:0.9931
Price:0.9970

Forex Currency:USD/CHF 
News:The swiss franc was weakened as both global equities and commodity prices rebounded yesterday. 
3 month Comment:Consolidating
Open:0.9442
Price:0.9457

Forex Currency:AUD/USD
News:The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month Comment:Bearish
Open:0.9919
Price:0.9898

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:0.7719 
Price:0.7719

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Jan 20

Forex report, 19th January

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Forex Currency:EUR/USD
News: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.
3 month Comment:Consolidating
Open:1.3385
Price:1.3480

Forex Currency:GBP/USD
News:The pound was undermined as U.K. PMI construction fell to 49.1 in December.
3 month Comment:Consolidating
Open:1.5959
Price:1.6022

Forex Currency:USD/JPY
News: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.
3 month Comment:Consolidating
Open:82.56
Price:82.17

USD/CAD
News:The Loonie was supported as crude oil price and U.S. stocks rebounded yesterday.
3 month Comment:Consolidating
Open:0.9911
Price:0.9895

Forex Currency:USD/CHF
News:The swiss franc was weakened as risk appetite picked up amid optimism of U.S. economic development.
3 month Comment:Consolidating
Open:0.9633
Price:0.9580

AUD/USD
News: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.
3 month Comment:Consolidating
Open:0.9993
Price:1.0060

NZD/USD
News:The NZD was undermined as the USD kept rising yesterday.
3 month Comment:Consolidating
Open:0.7717
Price:0.7761

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Jan 05

Forex report, 5th January

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Forex Currency: EUR/USD
News: The Euro was suppressed as the U.S. factory orders rose by 0.7% in November, supported the dollar.
3 month Comment: Consolidating
Open: 1.3306
Price: 1.3272

Forex Currency: GBP/USD
News: The pound was supported as U.K. PMI manufacturing rose to 57 in December.
3 month Comment: Consolidating
Open:1.5582
Price: 1.5555

Forex Currency: USD/JPY
News: The yen was suppressed amid the positive U.S. data,
which prompted the Treasury yield to rise and the yield
gap between the U.S. and Japan widened.
3 month Comment: Consolidating
Open:82.01
Price: 82.00

Forex Currency: USD/CAD
News: The Loonie was suppressed as crude oil price retreated yesterday.
3 month Comment: Consolidating
Open:0.9982
Price: 0.9997

Forex Currency: USD/CHF
News: The swiss franc was weakened as risk appetite pickedup amid optimism of U.S. economic development.
3 month Comment: Consolidating
Open:0.9484
Price: 0.9499

Forex Currency: AUD/USD
News:The AUD was suppressed as crude oil price retreated and Australia’s manufacturing index fell to 46.3.
3 month Comment: Consolidating
Open:1.0050
Price: 1.0024

Forex Currency: NZD/USD
News:The NZD was undermined as crude oil price retreated yesterday.
3 month Comment: Consolidating
Open:0.7664
Price: 0.7655

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