Forex Market Updates & Commentary |  |
- FXDD at Forex Traders Expo in New York Feb 15-16
- Forex Morning Report - Feb 15
- EURUSD remains contained in narrow trading range
- February 15th 2010 NY Opening Forex Commentary is available for viewing
- Swiss PPI
- Dollar strengthens entering European session
- 2-15 Economic Calendar
- Rightmove HPI
- Japanese Prelim GDP
| FXDD at Forex Traders Expo in New York Feb 15-16 Posted: 15 Feb 2010 06:30 AM PST FXDD will be at the Forex Traders Expo in New York this Monday and Tuesday at the Marriott Marquis Hotel in Times Square. Greg Michaloswki and Jeff Baskin will be speaking today and tomorrow. Be sure to stop by the FXDD booth to see the 2010 Redbull Formula One car and enter to win a $1000 trading account. You will also have the opportunity to meet FXDD staff and to learn about trading. Greg Michaloski -Monday, 1:45 PM - 2:15 PM Workshop Type - SP Tuesday, 12:30 PM - 1:00 PM Workshop Type - SP Jeff Baskin - Monday, 11:30 AM - 12:15 PM Workshop Type - WS Monday, 1:45 PM - 2:15 PM Workshop Type - SP |
| Posted: 15 Feb 2010 06:30 AM PST |
| EURUSD remains contained in narrow trading range Posted: 15 Feb 2010 05:25 AM PST
With a narrow 55 pips range today, it is likely the range is extended at some point. As a result, look for selling interest against the moving average levels outlined above. A move back above the close from Friday would muddy the waters for the bearish play. Of course with it being a holiday and quiet Monday, to expect a lot is not expected. However, the failure on the top gives the downside the bias. |
| February 15th 2010 NY Opening Forex Commentary is available for viewing Posted: 15 Feb 2010 04:31 AM PST |
| Posted: 15 Feb 2010 12:22 AM PST Swiss PPI m/m came in at 0.3%, stronger than the 0.1% expected and prior reading of 0.1%. European currencies strengthened against the USD just prior to release of strong Swiss PPI. Usd/Chf has traded down to 1.0770, with Eur/Usd up to 1.3616. |
| Dollar strengthens entering European session Posted: 14 Feb 2010 10:51 PM PST The dollar is showing strength as we approach the European opening. Eur/Usd is just off fresh lows trading at 1.3584, likewise with Gbp/Usd currently at 1.5642and Usd/Chf at 1.0802. The debt problems in Greece still persist, dragging down the Euro. There are also renewed uncertainties over the credit market in Dubai, which should lead to more USD support. Dubai and Dubai World have not made an offer to creditors on the holding company's debt restructuring. This just leads to more speculation that the global economy is not out of the woods. |
| Posted: 14 Feb 2010 09:06 PM PST
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| Posted: 14 Feb 2010 04:33 PM PST The GBP caught a light bid after housing prices in the UK came in better than expected at 2.3% versus the prior reading of 0.4%. |
| Posted: 14 Feb 2010 03:54 PM PST Despite better than expected GDP data out of Japan, the JPY showed a limited reaction. The details of the release are as follows:
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The EURUSD remains contained in a narrow trading range as the market deals with the bank holiday in NY. The price has however, failed at the topside break and the price is now dipping below the 100 and 200 bar MA on the 5 mintue chart. Those levels come in at 1.3607 and 1.3611 respectively. The price is also below the close from Friday at 1.3616. 
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