Feb 28

The Pound was supported as the Bank of England’s previous rate minutes showed three members were in favor of rate hike

Experiences 107 Comments »


Forex Report 28th 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:1.3753
Price:1.3773

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: 1.6117
Price: 1.6145

Forex Currency: USD/JPY
News: Market risk picked-up amid escalating violence in Middle East, prompted lquidity flew to yen as a safe hav-en and supported the yen.
3 month Comment: Consolidating
Open: 81.66
Price: 81.66

Forex Currency: USD/CAD
News: The Loonie was strengthened as crude oil surged 4520y4107terday.omment:Consolidating
Open: 0.9776
Price: 0.9762

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 :0.9279
Price: 0.9263

Forex Currency: AUD/USD
News: The Aussie was supported as Australia’s leading index rose 0.7% in December.
3 month Comment: Bullish
Open: 1.0174
Price: 1.0179

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: 0.7514
Price: 0.7535

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Feb 21

Euro rallied briefly due to weak data from the USD and a USD rate statement with economic view being less optimistic than expected

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Forex Report 21st February 2011

Forex Currency: EUR/USD
News: The Euro rallied briefly due to weak data from the USD and a USD rate statement with economic view being less optimistic than expected.
3 month Comment: Consolidating
Open: 1.3691
Close: 1.3655

Forex Currency: GBP/USD
News: The pound rallied briefly as traders expect the Bank of England to increase interest rates to combat rising inflation
3 month Comment: Bullish
Open: 1.6251
Close: 1.6214

Forex Currency: USD/JPY
News: The yen’s ended higher against the USD following reports that Iran had received permission from Egypt to send two wardships through the Suez Canal.
3 month Comment: Bearish
Open: 83.15
Close: 83.16

Forex Currency:USD/CAD
News:The Loonie strengthened due to higher commodity prices.
3 month Comment: Bearish
Open: 0.9863
Close: 0.9828

Forex Currency: USD/CHF
News: The swiss franc strengthened due to a weak USD and flight to safety concerns.
3 month Comment: Consolidating
Open: 0.9442
Close: 0.9484

Forex Currency: AUD/USD
News:The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month Comment: Bearish
Open: 1.0142
Close: 1.0104

Forex Currency: NZD/USD
News: The Kiwi traded higher against the USD on speculation that Fonterra Cooperative Group would raise its forecast for payouts to farmers, boosting the New Zealand’s economic recovery.
3 month Comment: Bearish
Open: 0.7615
Close: 0.7631

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Feb 18

pound was supported as the previous rate minutes of Bank of England showed two members voted for a rate hike

Experiences 1 Comment »


Forex Report 18th February 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: 1.3605
Close: 1.3668

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: 1.6171
Close: 1.6233

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: 83.29
Close: 83.24

Forex Currency: USD/CAD
News: The Loonie was strengthened as crude oil bounced back sharply yestesrday.
3 month Comment: Bullish
Open: 0.9840
Close: 0.9826

Forex Currency: USD/CHF
News: The swiss franc was weakened as both global equities and commodity prices rebounded yesterday.
3 month Comment: Consolidating
Open: 0.9494
Close: 0.9480

Forex Currency: AUD/USD
News: The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month Comment: Bearish
Open: 1.0117
Close: 1.0135

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: 0.7589
Close: 0.7627

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Feb 17

At 0410 GMT today, the GBP is trading 0.1% higher against the USD at $1.6103, marginally lower against the EUR at €1.1853 and slightly higher against the JPY at ¥134.58

Experiences 1 Comment »


FX Report 17th February 2011

Forex Currency: EUR/USD
The News: The Euro weakened as U.S. retail sales rose 0.3% only in January, trailed market estimates.
3 month Comment: Consolidating
Open:1.3566
Price:1.3556

Forex Currency:GBP/USD
News: U.K consumer price index rose 4.0% (YoY) in January, and GBP gained support.
3 month Comment: Bearish
Open: 1.6091
Price: 1.6096

Forex Currency: USD/JPY
News: Japanese yen’s downside was limited as global equities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 83.66
Price: 83.60

Forex Currency: USD/CAD
News: The Loonie was slightly suppressed as crude oil price retreated yesterday.
3 month Comment: Bullish
Open: 0.9847
Price: 0.9844

Forex Currency: USD/CHF
News: The swiss franc’s downside was limited as global equities retreated yesterday, risk aversion picked-up.
3 month Comment: Consolidating
Open: 0.9592
Price : 0.9598

Forex Currency: AUD/USD
News: The Aussie was suppressed yesterday as globalequities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 1.0028
Price: 1.0029

Forex Currency: NZD/USD
News: The Kiwi was suppressed yesterday as global equities retreated yesterday, risk aversion picked-up.
3 month Comment: Bearish
Open: 0.7545
Price: 0.7545

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Feb 09

Loonie was strengthened as crude oil bounced back sharply yestesrday

Experiences 1 Comment »

Forex Market Report 9th February 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: 1.3624
Close: 1.3666

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: 1.6067
Close: 1.6066

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: 82.34
Close: 82.45

Forex Currency:USD/CAD
News: The Loonie was strengthened as crude oil bounced back sharply yestesrday.
3 month comment: Bullish
Open: 0.9950
Close: 0.9942

Forex Currency:USD/CHF
News: The swiss franc was weakened as both global equities and commodity prices rebounded yesterday.
3 month comment: Consolidating
Open: 0.9628
Close: 0.9624

Forex Currency:AUD/USD
News: The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month comment: Bearish
Open: 1.0145
Close: 1.0107

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: 0.7749
Close: 0.7720

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Dec 14

Forex Report, 14th December

Experiences No Comments »

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

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Oct 05

New Zealand’s home-building approvals slumped 17.8% to a 13-month low in August

Experiences No Comments »

Forex Market Report 5th September 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:1.3674
Price:1.3708

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:1.5820
Price:1.5803

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:83.41
Price:83.65

Forex Currency:USD/CAD
News:As U.S. equities retreated yesterday, risk aversion picked-up and undermined the Loonie.
3 month Comment:Bearish
Open:1.0231
Price:1.0241

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:0.9710
Price:0.9709

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:0.9674
Price:0.9565

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:0.7382
Price:0.7395

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Sep 30

China PMI manufacturing rose to 52.9 in September

Experiences No Comments »

Forex Market Report 30th September 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:1.3621
Price:1.3584

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:1.5806
Price:1.5833

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:83.72
Price:83.30

Forex Currency:USD/CAD
News:As U.S. equities retreated yesterday, risk aversion picked-up and undermined the Loonie.
3 month Comment:Bearish
Open:1.0324
Price:1.0324

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:0.9772
Price:0.9781

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:0.9681
Price:0.9680

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:0.7353
Price:0.7368

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Sep 02

Yen weakens against the Euro

Experiences 1 Comment »

Forex Market Report 2nd September 2010

Forex Currency: EUR/USD
News: Germany’s jobless population in August fell 17,000 and the improved job market limited the Euro’s downside
3 month Comment: Bearish
Open: 1.2689
Price: 1.2717

Forex Currency: GBP/USD
News: U.K money supply in July only rose 0.4% and investors concerned the Britain’s credit market mayhave slow recovery, which suppressed the pound.
3 month Comment: Bearish
Open: 1.5349
Price: 1.5402

Forex Currency: USD/JPY
News: As the Bank of Japan has no intervention on the yen strength, the yen bounced back.
3 month Comment: Consolidating
Open: 84.17
Price: 84.43

Forex Currency: USD/CAD
News: Canada posted a worse-than-expected 2% (YoY) GDP growth in the second quarter, which suppressed the Canadian dollar
3 month Comment: Bullish
Open: 1.0643
Price: 1.0619

Forex Currency: USD/CHF
News: As U.S. equities plunged yesterday and market risks climbed, which supported the swiss franc.
3 month Comment: Consolidating
Open: 1.0142
Price: 1.0158

Forex Currency: AUD/USD
News: Australia’s retail sales posted a forecast-beating 0.7% in July, which brought a backdrop to the Australian dollar.
3 month Comment: Bearish
Open: 0.8924
Price: 0.8995

Forex Currency: NZD/USD
News: New Zealand’s housing permits in July grew 3.1%, which eased the Kiwi’s downside.
3 month Comment: Bearish
Open: 0.6992
Price: 0.7027

Due for release today is the AUD Trade Balance, GBP Nationwide HPI m/m, CHF Retail Sales y/y, EUR Minimum Bid Rate, EUR ECB Press Conference, USD Unemployment Claims, USD Fed Chairman Bernanke Testifies and USD Pending Home Sales.

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Sep 01

Federal Reserve meeting indicates that quantitative easing is possible

Experiences 2 Comments »

Forex Market Report 1st September 2010

Forex Currency: EUR/USD
News: Germany’s jobless population in August fell 17,000 and the improved job market limited the Euro’s downside
3 month Comment: Bearish
Open: 1.2689
Price: 1.2717

Forex Currency:GBP/USD
News: U.K. money supply in July only rose 0.4% and investors concerned the Britain’s credit market may have slow recovery, which suppressed the pound.
3 month Comment: Bearish
Open: 1.5349
Price: 1.5402

Forex Currency: USD/JPY
News: As the Bank of Japan has no intervention on the yen strength, the yen bounced back.
3 month Comment: Consolidating
Open: 84.17
Price: 84.43

Forex Currency:USD/CAD
News: Canada posted a worse-than-expected 2% (YoY) GDP growth in the second quarter, which suppressed the Canadian dollar
3 month Comment: Bullish
Open: 1.0643
Price: 1.0619

Forex Currency:USD/CHF
News: As U.S. equities plunged yesterday and market risks climbed, which supported the swiss franc.
3 month Comment:Consolidating
Open: 1.0142
Price: 1.0158

Forex Currency: AUD/USD
News: Australia’s retail sales posted a forecast-beating 0.7% in July, which brought a backdrop to the Australian dollar.
3 month Comment: Bearish
Open: 0.8924
Price: 0.8995

Forex Currency: NZD/USD
News: New Zealand’s housing permits in July grew 3.1%, which eased the Kiwi’s downside.
3 month Comment: Bearish
Open: 0.6992
Price: 0.7027

Due for release today is the CNY Manufacturing PMI, AUD GDP q/q, USD ADP Non-Farm Employment Change and the USD ISM Manufacturing PMI.

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