SEK

IFX Market Report

Submitted by qrops on Wed, 17/Feb/2010

IN THE UK

 

  • Mixed bag for sterling as euro makes gains
  • CPI data on par with consensus, gives sterling an initial boost
  • Eyes on BoE minutes today
  • Barclays Bank show profit of £11.6bn

 

IN THE US

 

  • Strong report on manufacturing increases global risk appetite, denting dollar strength
  • Better than expected profits for many American companies boost stock prices

 

IN THE EU

 

  • Euro gains across board as analysts view euro as oversold
  • Euro up over 2 cents against USD, almost a cent against GBP
  • Greece fiscal state still a concern, 1 month to come up with a plan to cut its deficit

 

At 9.15am this morning the pound was at $1.5755, €1.1449, 12.09 ZAR, 142.493 JPY, 11.28 SEK and AU$1.7479. The euro was at $1.3755 against the US dollar.

 

Today’s key levels of support and resistance are:

 

GBPUSD                Support: 1.5675 1.5564 1.5504        Resistance: 1.5846 1.5906 1.6017

GBPEUR                Support: 1.1423 1.1380 1.1331        Resistance: 1.1515 1.1564 1.1607

EURUSD                Support: 1.3700 1.3645 1.3590        Resistance: 1.3805 1.3840 1.3885

 

IFX Market Report

Submitted by qrops on Tue, 02/Feb/2010

IN THE UK

 

  • Sterling extends losses
  • Mortgage lending data falls
  • Election ‘hung parliament’ possibility back
  • UK manufacturing PMI hits 15 year high

 

IN THE US

 

  • USD gains against sterling, 1.5850
  • Obama unveils plan to recoup $1.5trillion
  • Better than expected US manufacturing data

 

 

IN THE EU

 

  • Two speed Europe is split by manufacturing PMI
  • Euro gains 1% against GBP

 

At 9.30am this morning the pound was at $1.5931, €1.1433, 11.82 ZAR, 144.323 JPY, 11.54 SEK and AU$1.8086. The euro was at $1.3929 against the US dollar

Today’s key levels of support and resistance are:

GBP/USD:              Support: 1.5869, 1.5794, 1.5739                      Resistance: 1.5999, 1.6054, 1.6129
EUR/USD:              Support: 1.3851, 1.3886, 1.3921                      Resistance: 1.3995, 1.3970, 1.4005
GBP/EUR:              Support: 1.1396, 1.1338, 1.1279                      Resistance: 1.1513, 1.1572, 1.1630    

 

IFX Market Report

Submitted by qrops on Thu, 28/Jan/2010

IN THE UK:

  • Sterling recovers some of its previous day’s losses.
  • BoE member Andrew Sentance makes hawkish comments on UK inflation.
  • CBI data comes in at a lower level then expected.

 

 

IN THE EU:

  • Some euro zone countries offer support to the pound.
  • Concern over the fiscal health of Greece weakens the euro to a 5 month low.
  • German CPI comes in 0.2% below consensus

 

IN THE US:

 

  • Mortgage applications & new home sales data are weaker then predictions.
  • Fed interest rate decision held at 0.25%.
  • Markets await durable good orders early afternoon.

 

 

 At 9.30am this morning the market was at €1.1585, $1.6256, 1.7197 CAD, 1.7064 CHF, 12.29 ZAR, 146.86 JPY, 11.82 SEK. EUR/USD 1.4027.

IFX Market Report

Submitted by qrops on Wed, 27/Jan/2010

IN THE UK:

  • Q4 GDP figures show growth
  • UK exits recession
  • Mortgage Approvals better than expected
  • UK economic outlook remains uncertain

 

IN THE EU:

  • German Business expectations look optimistic    
  • Eurozone Banking sector state, weighs heavily on Euro

 

IN THE US:

  • Consumer Confidence rises throughout January
  • S&P/Case-Shiller index showed a fall in U.S. home prices.
  • Chinas bank plans increase appetite for USD safehaven
  • Eyes on FED Interest Rate decision tomorrow

 

At 9.15am this morning the markets were at, $1.6148, €1.1489, 12.3085 ZAR, 144.34 JPY, 1.7193 CAD, 1.6906 CHF, 11.7604 SEK and AUD $1.7980. EUR/USD 1.4096.

 

 

IFX Market Report

Submitted by qrops on Tue, 26/Jan/2010

IN THE UK:

  • Sterling gains overnight ahead of GDP figures.
  • Investor caution ahead of GDP figures.
  • UK set to emerge from the worst recession in 50 years.

 

IN THE EU:

  • German import prices improve
  • German IFO business sentiment improvement
  • Euro retraces gains versus sterling

 

IN THE US:

  • Poor existing home sales weaker than expected.
  • Increased confidence as Bernanke set for another term with the federal reserve
  • Market eyes US data this afternoon

 

At 09.00hrs this morning the market were at $1.6242, €1.1520, 12.37 ZAR, 146.13 JPY, 1.7278 CAD, 1.6952 CHF, 11.83 SEK and AU$1.81.11. EUR/USD 1.4096.

 

 

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