Market review from Tradingforex

jimmy sergill

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Oct 2, 2012
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Market Outlook 11/01/2012

Currencies USD/CAD Canada’s currency little changed at 99.94 cents per U.S. dollar at 5 p.m. in Toronto after reaching C$1.0014 earlier. It touched C$1.0019 yesterday, the weakest since Aug. 6. One Canadian dollar purchases $1.0006.

GBP/USD The pound rose 0.3 percent to $1.6113 at 4:22 p.m. London time after appreciating 0.3 percent yesterday, gaining 0.2 percent to 80.45 pence after dropping 0.5 percent over the previous three days. Barclays predicts that sterling will strengthen to $1.65 by year-end

USD/JPY The Japanese currency slid 0.3 percent to 80 per dollar. The 17- nation euro was little changed at $1.2964. The BOJ increased its asset-purchase program on Oct. 30 by 11 trillion yen ($137 billion) to 66 trillion yen to bolster growth through lower borrowing costs.
 

jimmy sergill

Active Trader
Oct 2, 2012
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Market Outlook 11/07/2012

Currencies EUR/USD The dollar fell 0.4 percent to $1.2861 per euro as of 2:48 p.m. in Tokyo, after earlier gaining as much as 0.2 percent. The dollar weakened on speculation President Barack Obamas re-election victory will boost chances the U.S. will continue monetary stimulus policies that tend to weaken the currency.

AUD/USD The Australian dollar gained 0.2 percent to $1.0451 as of 4:45 p.m. in Sydney after earlier falling as much as 0.2 percent. The currency’s implied three-month volatility fell to 8 percent, the lowest since 2007.

CAD/USD The Canadian dollar appreciated 0.4 percent to 99.21 cents per U.S. dollar at 5:05 p.m. in Toronto. It gained last week from the weakest level in almost three months, C$1.0019. One Canadian dollar buys $1.0080.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
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Market Outlook 8 NOV 2012

Currencies EUR/USD The dollar added 0.2 percent to $1.2750 per euro as of 2:14 p.m. in Tokyo from yesterday, when it touched $1.2737, the strongest since Sept. 7.

USD/JPY The U.S. currency lost 0.2 percent to 79.88 yen after declining 0.4 percent to close at 80 yesterday. The Dollar Index (SPX), which tracks the greenback against the currencies of six major trading partners, rose 0.2 percent to 80.78 after touching 80.92, highest since Sept. 7.

NZD/USD It was little changed at $1.0406. New Zealand’s currency lost 0.2 percent to 81.67 U.S. cents following a 1 percent decline as of theNew York close, the biggest one-day drop since July 23. New Zealand’s two-year swap rate, a fixed payment made to receive floating rates, was at 2.64 percent from 2.62 percent yesterday.
 

jimmy sergill

Active Trader
Oct 2, 2012
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Market Outlook 12 NOV 2012

Currencies AUD/USD The Aussie dollar rose 0.3 percent from last week to $1.0418 as of 4:47 p.m. in Sydney and strengthened 0.3 percent to 82.82 yen. It touched $1.0480 on Nov. 7, the highest since Sept. 21. New Zealand’s currency gained 0.3 percent to 81.60 U.S. cents and added 0.2 percent to 64.86 yen.

JPY/EUR The yen slid 0.1 percent to 101.18 per euro as of 6:03 a.m. in London from 101.05 at the close on Nov. 9, following a 1.9 percent gain over the previous three sessions. The euro added 0.1 percent to $1.2731, after touching $1.2690 last week, the lowest since Sept. 7.
 

jimmy sergill

Active Trader
Oct 2, 2012
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Market Outlook 13 NOV 2012

EUR/USD The euro fell to a two-month low as finance ministers from the currency bloc struggled to agree on Greek aid, curbing demand for the common currency. The euro lost 0.2 percent to $1.2687 as of 6:35 a.m. in London, after earlier weakening to $1.2673, the least since Sept. 7

AUD/USD Australia’s dollar declined, trimming a gain from yesterday, as concern Europe’s debt crisis is weighing on global growth reduced demand for riskier assets. The Aussie dollar lost 0.2 percent to $1.0405 as of 4:58 p.m. in Sydney from yesterday when it gained 0.4 percent.

GBP/EUR The pound slid 0.2 percent to 80.11 pence per euro at 5:01 p.m. London time. It dropped 0.2 percent to $1.5869, after touching $1.5865, the weakest level since Sept. 5.
 

jimmy sergill

Active Trader
Oct 2, 2012
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Market Outlook 14 NOV 2012

Currencies EUR/JPY The yen fell 0.4 percent to 101.23 per euro as of 6:12 a.m. in London. The euro rose 0.1 percent to $1.2718, after yesterday touching $1.2662, the weakest level since Sept. 7. The MSCI Asia Pacific Index added 0.2 percent, poised for its first advance in a week.

EUR/GBP The pound was little changed at 80.05 pence per euro at 4:58 p.m. London time after appreciating as much as 0.4 percent to 79.70 pence. The U.K. currency reached 79.61 pence on Nov. 8, the strongest level since Oct. 1. The pound has gained 1.2 percent this year . The euro weakened 3.3 percent and the dollar dropped 1.2 percent.

AUD/NZD Australia’s dollar touched NZ$1.2799, the highest level since Sept. 10, before trading at NZ$1.2788 as of 4:48 p.m. in Sydney, unchanged from yesterday. It rose to $1.0455, the strongest since Nov. 7, before trading at $1.0448, 0.1 percent higher. The Aussie advanced 0.3 percent to 83.08 yen. New Zealand’s currency added 0.1 percent to 81.70 U.S. cents and climbed 0.3 percent to 64.97 yen.

EUR/USD The euro was little changed at $1.2704 at 5 p.m. New York time after touching $1.2662 earlier, the weakest level since Sept. 7. Its 100-day moving average is $1.2644, and the 200-day average is $1.2815.
 

jimmy sergill

Active Trader
Oct 2, 2012
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Market Outlook 16 NOV 2012

GBP/EUR The pound depreciated 0.2 percent to 80.59 pence per euro at 4:41 p.m. London time after sliding to 80.65, the weakest since Oct. 31. The U.K. currency rose 0.2 percent to $1.5864. It earlier declined to $1.5829, the lowest since Sept. 5.

AUD/USD Australia’s dollar was unchanged at $1.0332 as of 3:54 p.m. in Sydney from yesterday, when it touched $1.0307, the lowest since Oct. 26. The currency was set for a 0.6 percent decline against the greenback this week, the biggest since the five days ended Oct. 5. The Aussie bought 83.76 yen after gaining 0.7 percent to 83.86 yesterday.

USD/JPY The index’s break below 81.01 is a sign the gauge will fall and a trading-day close below 80.63 confirms the trend, according to the unit of Bank of America Corp. The Dollar Index has longer-term support at about 78.41 to 78.09.
 

jimmy sergill

Active Trader
Oct 2, 2012
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Market Outlook 19 NOV 2012

Currencies AUD/USD Australia’s dollar climbed 0.3 percent to $1.0369 as of 5:35 p.m. in Sydney. It rose 0.3 percent to 84.31 yen after earlier touching 84.51, a level unseen since April 27. The New Zealand dollar traded at 81.34 U.S. cents after gaining 0.4 percent to 81.27 on Nov. 16. It fetched 66.13 yen from 66.08.

JPY/USD The yen depreciated 2.3 percent to 81.32 per dollar in New York this week, its biggest drop since February. The Japanese currency decreased 2.5 percent to 103.60 per euro, its most pronounced fall since September. The euro added 0.2 percent to $1.2743.

GBP/EUR The pound declined 0.3 percent this week to 80.15 per euro at 5 p.m. in London yesterday, after strengthening 1.7 percent during the previous three weeks. The U.K. currency fell 0.2 percent this week to $1.5866. It fell to $1.5829 on Nov. 15, the weakest level since Sept. 5.
 

jimmy sergill

Active Trader
Oct 2, 2012
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Market Outlook 20 NOV 2012

Currencies JPY/USD The yen climbed 0.2 percent to 81.25 per dollar as of 6:39 a.m. in London. It touched 81.59 yesterday, the weakest since April 25. The euro fell 0.4 percent to 103.91 yen and declined 0.2 percent to $1.2789.

CAD/USD The Canadian currency advanced 0.5 percent to 99.63 cents per U.S. dollar at 5 p.m. in Toronto after gaining as much as 0.6 percent, the most since Oct. 17. The currency traded below parity with the greenback last week and reached its lowest value since August. One Canadian dollar buys $1.0037.

EUR/USD The euro fell 0.3 percent to $1.2782 as of 10:03 a.m. in Tokyo from the close yesterday in New York. The $1.2450 level was last seen on Aug. 22. The currency had advanced from a low of $1.2043 on July 24 to a high of $1.3172 on Sept. 17.

AUD/USD Australia’s dollar was at $1.0413 at 4:41 p.m. in Sydney after climbing 0.7 percent to $1.0412 yesterday. The currency’s implied three-month volatility declined to 7.62 percent, the lowest since July 2007. The Aussie dollar rose 0.2 percent to NZ$1.2717 following a three-day, 0.8 percent slide. New Zealand’s currency fell 0.2 percent to 81.88 U.S. cents.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
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27
Market Outlook 21 NOV 2012

Currencies EUR/USD The euro dropped 0.4 percent to $1.2762 as of 6:35 a.m. in London from yesterday. It slipped 0.2 percent to 104.50 yen. The Japanese currency touched 81.97 per dollar, the weakest since April 6, before trading at 81.89, 0.3 percent lower than yesterday’s close.

USD/JPY The dollar rose 0.4 percent to 81.72 yen at 12:21 p.m. in New York. The dollar has strengthened 3 percent against the yen in the past week while remaining within a range of 75.35 yen per dollar to 85.53 yen since the March 17, 2011, earthquake and tsunami that rocked Japan. The nation’s currency has fallen at least 1 percent versus all of its 16 most-traded peers since Prime Minister Yoshihiko Noda on March 15 called for elections that polls show favor the opposition party, which supports further monetary stimulus.

CAD/USD The Canadian dollar dropped less than 0.1 percent to 99.68 cents per U.S. dollar at 5 p.m. in Toronto. It touched 99.55 yesterday, the strongest since Nov. 8, as it gained as much as 0.6 percent, the most since Oct. 17. One Canadian dollar buys $1.0032.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market Outlook 22 NOV 2012

Currencies EUR/USD The euro added 0.1 percent to $1.2845 as of 2:40 p.m. in Tokyo after earlier touching $1.2868, the highest since Nov. 7. It fetched 105.88 yen from 105.86 yesterday. Japan’s currency touched 82.59 per dollar, the weakest since April 4, before trading little changed at 82.43. The Japanese currency was poised for a 1.4 percent decline against the greenback this week and 2.2 percent drop versus the euro.

GBP/EUR The pound gained 0.1 percent to 80.42 pence per euro at 4:38 p.m. London time after appreciating to 80.06 pence, the strongest since Nov. 14. The U.K. currency rose 0.1 percent to $1.5940 after reaching $1.5949, the highest level since Nov. 9.

AUD/USD The Aussie rose 0.2 percent to $1.0387 as of 5:14 p.m. in Sydney after falling 0.4 percent over the previous two days. The New Zealand dollar, nicknamed the kiwi, added 0.1 percent to 81.55 U.S. cents following a two-day, 0.7 percent slide.
 

jimmy sergill

Active Trader
Oct 2, 2012
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Market Outlook 28 NOV 2012

Currencies GBP/USD The pound appreciated 0.2 percent to 80.75 pence per euro at 4:40 p.m. London time after strengthening through its 200-day moving average for the first time since Nov. 22. It earlier depreciated to 81.14 pence, the weakest since Oct. 24.

EUR/USD The dollar rose 0.2 percent to $1.2943 per euro at 5 p.m. New York time after dropping to $1.3009, the weakest since Oct. 31. The euro declined 0.1 percent to 106.34 yen after rising as much as 0.5 percent. The Japanese currency was 0.1 percent weaker at 82.15 yen per dollar.

AUD/USD The Australian dollar bought $1.0447 as of 4:46 p.m. in Sydney after falling 0.2 percent yesterday to $1.0446. It dropped 0.4 percent to 85.50 yen. New Zealand’s currency fetched 82.10 U.S. cents from 82.03 and was at 67.19 yen, 0.3 percent below yesterday’s close.

USD/JPY The Japanese currency touched 81.79 per dollar, the strongest since Nov. 21, before trading at 81.83 as of 2:54 p.m. in Tokyo, 0.4 percent stronger than yesterday’s close. The 17- nation euro dropped 0.6 percent to 105.76 yen, and has lost 1.1 percent this week. The dollar bought $1.2925 per euro, up 0.1 percent from yesterday when it gained 0.2 percent to $1.2943.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market Outlook 4 DEC 2012

Currencies The euro fetched $1.3056 as of 8:26 a.m. in Tokyo from $1.3054 yesterday, when it touched $1.3076, the most since Oct. 23. The shared currency was little changed at 107.30 yen from yesterday, having risen 1 percent in the past three sessions. The U.S. currency slid 0.1 percent to 82.19 yen. The so-called Aussie traded at $1.0425 from $1.0421, after having fallen 0.5 percent in the past three days.

The Australian dollar rose 0.3 percent to $1.0449 as of 2:57 p.m. in Sydney after losing 0.5 percent over the previous three sessions. New Zealand’s currency added 0.3 percent to 82.31 U.S. cents.The nation’s bonds fell, with the benchmark 10-year yield gaining five basis points to 3.19 percent.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
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27
Market Outlook 10 DEC 2012

Currencies AUD/USD Australia’s dollar fell from near the highest level in more than two months after Chinese exports and imports trailed economists’ forecasts, damping the South Pacific nation’s trade prospects.The Australian dollar slid to $1.0476 as of 5:02 p.m. in Sydney, down 0.1 percent from Dec. 7 when it capped a 0.6 percent weekly gain. On Dec. 6, it touched $1.0516, the highest since Sept. 21.

EUR/USD The euro fell against the dollar and yen for the first time in four weeks after the European Central Bank lowered its economic forecast for the region and policy makers discussed trimming benchmark interest rates.The shared currency fell 0.5 percent to $1.2927 in New York for the first weekly loss since Nov. 9. It touched $1.2877 on Dec. 7, the weakest since Nov. 23.

CAD/USD The Canadian dollar rose to the highest level in a month versus its U.S. counterpart as employers added almost six times as many jobs as forecast in November, countering recent signs of an economic slowdown. The loonie, as the currency is nicknamed for the image of the aquatic bird on the C$1 coin, appreciated 0.6 percent to 98.84 cents per U.S. dollar this week in Toronto. It touched 98.77 cents yesterday, strongest since Nov. 7. One Canadian dollar buys $1.0117.
 

jimmy sergill

Active Trader
Oct 2, 2012
99
0
27
Market Outlook 11 DEC 2012

Currencies EUR/USD The dollar fell 0.1 percent to $1.2957 per euro at 6:23 a.m. in London, following yesterday’s 0.1 percent drop. It fetched 82.33 yen after sliding 0.2 percent yesterday to 82.36. The euro bought 106.68 yen from 106.58 yesterday when it touched 105.98, the weakest level since Nov. 28.The dollar remained lower against the yen and euro amid speculation the Federal Reserve will expand monetary stimulus at a two-day meeting starting today.

CAD/USD The Canadian dollar, called the loonie for the image of the aquatic bird on the C$1 coin, rose 0.2 percent to 98.63 Canadian cents per U.S. dollar at 5 p.m. in Toronto, after earlier touching 98.62 cents, strongest since Oct. 19. One Canadian dollar buys $1.0139.The Canadian dollar reached a seven- week high versus its U.S. peer as the government approved Cnooc Ltd. (883)’s $15.1 billion takeover bid for Nexen Inc. (NXY)

GBP/EUR The pound gained 0.2 percent to 80.44 pence per euro at 4:18 p.m. London time after appreciating to 80.33 pence, the strongest level since Nov. 21. The pound strengthened for a fourth day against the euro after Italian Prime Minister Mario Monti said he intends to resign, boosting demand for the relative safety of British assets.