Daily Forex Market Reports   

Wed, 19 Jan 2011 19:10:00 +0000
Stand aside as USD likely to fall further
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Wed, 19 Jan 2011 16:34:00 +0000
Sharp US Dollar declines have been met with a similarly pronounced shift in FX Options sentiment, and it seems that many traders have begun to bet on and hedge against further USD weakness. Such a shift warns against taking aggressive short-term bets on US Dollar strength.
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Wed, 19 Jan 2011 16:30:00 +0000
The GBPNZD continues to trade in a descending channel on the 15 minute chart ahead of New Zealand's inflation report. As the British pound is due for a much needed correction, I do not rule out losses from its current level.
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Wed, 19 Jan 2011 16:28:00 +0000
The Euro extended the advance from earlier this week to reach a fresh monthly high of 1.3539, while the Canadian dollar pared the overnight rally, with the USD/CAD advancing to a high of 0.9950 on Wednesday.
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Wed, 19 Jan 2011 15:57:00 +0000
The USD/CHF spiked higher overnight following after the Swiss economic minister Johann Schneider-Ammann expressed concern over the Franc’s strength. The attempted verbal intervention failed to generate any bullish conviction for the pair as the dollar has struggled following a weak housing starts print.
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Wed, 19 Jan 2011 15:48:00 +0000
Remain Short CADJPY From 83.50; Stop at 83.10
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Wed, 19 Jan 2011 15:18:00 +0000
Australian Dollar Cross Pick 01.19.2011
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Wed, 19 Jan 2011 15:17:36 +0000
Cash currency rates increase
NRCU - Ukrainian Radio - 3 hours ago
The average rate of purchase of the cash US dollar at Ukrainian banks on Wednesday, compared with Tuesday, rose by 0.18 kopeks to 7.9773 UAH. Selling rate of the US currency fell by 0.07 kopeks to ...
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Wed, 19 Jan 2011 14:53:00 +0000
British Pound Rally May Gather Pace Ahead of BoE Minutes, Euro To Consolidate
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Wed, 19 Jan 2011 14:41:00 +0000
UK growth concerns increasing downside risks for Pound
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Wed, 19 Jan 2011 14:06:00 +0000
The GBP/USD has been rallying since the beginning of 2011.
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Wed, 19 Jan 2011 13:30:00 +0000
The U.S. dollar continued to lose ground against its major counterparts on Wednesday, and the greenback may continue to push lower during the North American trade as the economic docket reinforces a weakened outlook for future growth.
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Wed, 19 Jan 2011 13:00:00 +0000
Jobless claims in the U.K. fell 4.1K in December after tumbling 3.2K the month prior amid economists’ expectations of 0.0K. At the same time, the claimant count and ILO unemployment rate remained unchanged at 4.5 and 7.9 percent respectively. Indeed, today’s decline in jobless claims marks the lowest level in 21 months; however private sector job creation is expected to come under pressure in the upcoming months amid fiscal austerity.
DailyFX >>
Wed, 19 Jan 2011 12:13:00 +0000
A close above 1.3500 on Wednesday could end a bout of multi-week consolidation and open the door for fresh upside in the Euro over the coming weeks...
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Wed, 19 Jan 2011 08:49:17 +0000
Brent oil trading firm at $98, ICE US Dollar Index weakens
Live Oil Prices - 9 hours ago
Brent oil futures open today's trading session firm around $98 a barrel as oil prices get a boost as the US dollar weakens, as seen by a lower ICE US Dollar Index. In London, Brent crude oil ...
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Wed, 19 Jan 2011 08:00:00 +0000
The Pound is vulnerable as jobless claims data threaten rate hike expectations while the Euro’s gains may prove short-lived after the currency hit a two-month high.
DailyFX >>
Wed, 19 Jan 2011 07:28:33 +0000
HK Dollar Up Slightly Due To Gains In Local Shares
Wall Street Journal - 11 hours ago
HONG KONG (Dow Jones)--The Hong Kong dollar rose slightly against the US dollar late Wednesday, supported by gains in local equities, though corporate demand for the US dollar capped the local ...
China Yuan NDFs Fluctuate in Narrow Range as Volumes Expand - IMarketnews.com
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Wed, 19 Jan 2011 06:58:00 +0000
USD Graphic Rewind: Dollar Index Crashes To 2-Month Low
DailyFX >>
Wed, 19 Jan 2011 06:01:00 +0000
USD/JPY Classical 01.19
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Wed, 19 Jan 2011 05:59:00 +0000
USD/CHF Classical 01.19
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Wed, 19 Jan 2011 05:58:00 +0000
USD/CAD Classical 01.19
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Wed, 19 Jan 2011 05:57:00 +0000
NZD/USD Classical 01.19
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Wed, 19 Jan 2011 05:55:00 +0000
GBP/USD Classical 01.19
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Wed, 19 Jan 2011 05:53:00 +0000
GBP/JPY Classical 01.19
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Wed, 19 Jan 2011 05:52:00 +0000
EUR/USD Classical 01.19
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Wed, 19 Jan 2011 05:50:00 +0000
EUR/JPY Classical 01.19
DailyFX >>
Wed, 19 Jan 2011 05:49:00 +0000
EUR/CHF Classical 01.19
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Wed, 19 Jan 2011 05:47:00 +0000
AUD/USD Classical 01.19
DailyFX >>
Wed, 19 Jan 2011 04:14:38 +0000
Rupee seen steady to higher on Asian cues
IBNLive.com - 14 hours ago
MUMBAI (Reuters) - The rupee is seen opening flat to higher on Wednesday, in line with the outlook for domestic shares. * At 0304 GMT, the MSCI index of Asian shares ex-Japan was trading 0.9 ...
Dollar edges up against rupee - The Hindu
Rupee Declines 3 Paise Against USD on Weak Equities - Outlook
Economic Times
- Oneindia
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Wed, 19 Jan 2011 02:17:41 +0000
Taiwan Dollar Ends Little Changed on Suspected Intervention
Bloomberg - 16 hours ago
By Andrea Wong - Wed Jan 19 08:55:01 GMT 2011 Taiwan's dollar ended little changed after approaching a 13-year high on suspected intervention by the central bank. The monetary authority bought the ...
US dollar closes lower on Taipei foreign exchange - China Post
US dollar closes unchanged on Taipei forex - Focus Taiwan News Channel
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Wed, 19 Jan 2011 01:41:09 +0000
Asian Shares End Mostly Up;Tech Cos Gain On Apple,IBM Results
Wall Street Journal - 16 hours ago
SINGAPORE (Dow Jones)--Most Asian markets advanced Wednesday, as upbeat results from Apple Inc. and International Business Machines Corp. inspired gains in the region's technology stocks, while a ...
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Wed, 19 Jan 2011 00:00:00 +0000
Market Overview
The dollar was mostly lower across the board in European trading Wednesday, as sentiment towards the greenback appears to be souring ahead of Chinese President Hu Jintao's visit to the U.S.
The dollar was lower against the euro, yen and commodity-linked currencies of Canada, New Zealand and Australia amid expectations that the U.S.-Chinese talks would touch on Washington's demands that Beijing let its currency rise faster.
China set the dollar's central parity rate against the yuan at a record low Wednesday, stirring speculation that it may continue to let the yuan rise gradually, dragging on the U.S. currency broadly.
Elsewhere, sterling was another focal point, with the pound falling against the euro and dollar after official data showed little improvement in the U.K. labor market in the three months to November. The overall jobless rate remained at 7.9% but the rate among the young rose to the highest level since records began.
At 1147 GMT, the pound was trading at USD1.5975 against the dollar, compared with USD1.5957 late Tuesday in New York.
At 1146 GMT, the euro was trading at USD1.3467 against the dollar, compared with USD1.3388 late Tuesday in New York. The dollar was at JPY82.24 against the yen, compared with JPY82.56, while the euro was at JPY110.75 compared with JPY110.58.
The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was at 78.604 compared with 78.961 late Tuesday in New York.
Market expectation
The euro's recent rally against the dollar could continue and eventually push the common currency toward USD1.37, say analysts. They say the euro's rise has been built mostly on short covering and not fundamentals, so the current rally might be temporary.
USDCAD seems to be most recently consolidating to the upside, trading at the time of writing at 0.9925 where it threatens the intraday max. Showing slightly bullish tendencies, immediate resistance is listed at 0.9969 (21-Day MA), 0.9978 (High Jan 14) and 0.9985 (Daily High Jan 10). In the case the pair turns to the downside, support is placed at 0.9837 (Trend Low Jan 18), 0.9819 (Lower 21 Day Bolli Band) and 0.9710 (Feb 2008 Low), according to technical analysts.
Dukascopy Daily Overview >>
Tue, 18 Jan 2011 20:51:34 +0000
Dollar Eases Against Euro, Yen
Wall Street Journal - 21 hours ago
By ANDREW J. JOHNSON NEW YORK—The dollar regained some poise following mixed US housing data, but was still down against the euro and yen. Immediately after the US data, the dollar reached a new ...
FXWRAP: Dollar Little Changed After Wild Morning Swings - IMarketnews.com
FOREX: The US dollar was holding about unchanged vs. - Automated Trader
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Tue, 18 Jan 2011 14:22:34 +0000
Gold Price Rises to $1,377 as US Dollar Sinks
GoldAlert - Jan 18, 2011
GOLD PRICE NEWS – The gold price climbed $8.60 to $1,377 per ounce Wednesday, boosted by continued weakness in the US dollar. If today's gains in the gold price hold, it will have risen for three ...
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Tue, 18 Jan 2011 13:22:54 +0000
CANADA FX DEBT-C$ softens after BoC holds rates
Reuters - Jan 18, 2011
TORONTO, Jan 18 (Reuters) - The Canadian dollar fell from a two-and-a-half year high against the US dollar on Tuesday after the Bank of Canada kept interest rates steady at 1 percent. [ID ...
Loonie softens after BoC holds rates - Business News Network
Loonie sags after rate decision - Financial Post
NASDAQ
- Forexyard
- Jutia Group
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Tue, 18 Jan 2011 12:24:01 +0000
HCL Tech Q2 net profit seen up at Rs 366.7 cr
Moneycontrol - Jan 18, 2011
India's fourth largest software services exporter HCL Technologies is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected ...
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