Oct 04
Forex Market Report 4th October 2010
Forex Currency:EUR/USD
News:European economic confidence outlook unexpectedly rose to 103.2 in September, which underpinned the euro.
3 month Comment:Bullish
Open:1.3791
Price:1.3718
Forex Currency:GBP/USD
News:U.S. mortgage approval dropped to 47,400 in August, less than expected, which suppressed the pound.
3 month Comment:Consolidating
Open:1.5815
Price:1.5751
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:83.19
Price:83.27
Forex Currency:USD/CAD
News:As U.S. equities retreated yesterday, risk aversion picked-up and undermined the Loonie.
3 month Comment:Bearish
Open:1.0205
Price:1.0217
Forex Currency:USD/CHF
News:KOF swiss leading indicator slightly dropped to 2.21 in September and the swiss franc’s upside was capped.
3 month Comment:Bearish
Open:0.9734
Price:0.9770
Forex Currency:AUD/USD
News:China PMI manufacturing rose to 52.9 in September, a second straight month rise, which supported Aussie.
3 month Comment:Bullish
Open:0.9721
Price:0.9670
Forex Currency:NZD/USD
News:New Zealand’s home-building approvals slumped 17.8% to a 13-month low in August, which suppressed the Kiwi.
3 month Comment:Consolidating
Open:0.7447
Price:0.7410
Tagged with: China • Forex • U.S equities
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 29
Forex Market Report 29th 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:1.2988
Current Price: 1.3030
Currency: USD/JPY
News: As U.S. equities retreated yesterday, the risk appetite receded and limited the downside of the yen.
Comment: Consolidating
Open: 87.36
Current Price: 87.36
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: 1.5588
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: 1.0599
Current Price: 1.0590
Currency: USD/CAD
News: The Loonie fell as crude oil prices retreated yesterday.
Comment: Bearish
Open: 1.0382
Current Price: 1.0332
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: 0.8906
Current Price: 0.8987
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: 0.7208
Current Price: 0.7250
Tagged with: Bank of England • Forex • India • U.S equities
