Forex Market Updates & Commentary

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• Forex Quick. USDJPY running into upside resistance at 93.18 area.
• Forex QUICK: USDCAD continues move lower on policy
• Forex Morning Report - April 20
• Forex QUICK: Bank of Canada Interest Rate decision
• Forex QUICK: EURUSD testing key level at 1.3484-87
• Bobbys Corner-Open Market-April.20.2010
• Forex QUICK: USDJPY trends higher today. Support at 92.71.
• Forex QUICK: GBPUSD correcting in early NY trade. 1.5365 eyed
• FOREX QUICK: Bank of Canada Rate decision key event for the day
• NY Opening Forex Commentary is available for viewing
• Comments From EU Commission
• Cable Testing 61.8% Retracement level
• Greece sells EU 1.95 bln of 13 week bills
• Comments made by ZEW’s Franz
• Eurozone & German ZEW Economic Survey

Forex Quick. USDJPY running into upside resistance at 93.18 area. Posted: 20 Apr 2010 07:11 AM PDT

Forex QUICK: USDCAD continues move lower on policy Posted: 20 Apr 2010 06:28 AM PDT

Forex Morning Report - April 20 Posted: 20 Apr 2010 06:23 AM PDT

Forex QUICK: Bank of Canada Interest Rate decision Posted: 20 Apr 2010 06:05 AM PDT

Forex QUICK: EURUSD testing key level at 1.3484-87 Posted: 20 Apr 2010 05:18 AM PDT

Bobbys Corner-Open Market-April.20.2010 Posted: 20 Apr 2010 05:13 AM PDT Good Morning: As optimism mounts that the world economic recovery continues to gain traction, the JPY lost some ground, as investors look for higher-yielding assets, thusdemand for the safety of the JPY diminished in overnight trading. Commodity currencies (AUD,CAD) were the winners overnight, as risk taking re-enters the mindset of the FX marketplace. The Euro was a touch stronger-but remains under pressure as the Greek debt crisis continues.  The Greek government, EU, and IMF are hoping to meet tomorrow to work out the details of the aid package.  Greece’s debt issues are going to be a long term issue-with no short term fix. Asian equity markets were mixed, and European equity markets are higher, as are US Futures at this time. Commodities are also higher this morning. Oil:$82.35                                           Gold:$1141.90 No Major Data today> HAVE A GREAT DAY & GOOD LUCK

Forex QUICK: USDJPY trends higher today. Support at 92.71. Posted: 20 Apr 2010 05:08 AM PDT

Forex QUICK: GBPUSD correcting in early NY trade. 1.5365 eyed Posted: 20 Apr 2010 04:59 AM PDT

FOREX QUICK: Bank of Canada Rate decision key event for the day Posted: 20 Apr 2010 04:51 AM PDT

NY Opening Forex Commentary is available for viewing Posted: 20 Apr 2010 04:34 AM PDT

Comments From EU Commission Posted: 20 Apr 2010 03:53 AM PDT The EU Commision released the following statements:  Talks with Greece on their aid program should start on wednesday and that such talks take 2-3 weeks. Much of the work on the Greek package has been carried out already and there is a need to be more specific on Greece’s fiscal measure for 2011 and 2012. Forecasting Greek aid needs for the next 2 years is difficult. IMF will provide additional financing for the first year, but cannot confirm the amount. The talks cover now until 2012.

Cable Testing 61.8% Retracement level Posted: 20 Apr 2010 02:41 AM PDT The GBP/USD broke through both the 50.0% fibo retracement and the 200 hour moving average in the past two hours and now appears to be testing the 61.8% retracement level, which comes in at 1.5395. It should also be noted that the 100 hour moving average comes in just below it at 1.5392, which may also supply additional resistance. If resistance is found, the next target level to the down side is the 200 hour average which comes in at 1.5368, but if the pair can close above the 61.8% line, it may signify further upward trading for the pair.

Greece sells EU 1.95 bln of 13 week bills Posted: 20 Apr 2010 02:16 AM PDT Greece sells EU 1.95 bln of 13 week bills to yield 3.65%. This has again catapulted Eur/Usd above 1.3500 after paring back gains of ZEW data.

Comments made by ZEW’s Franz Posted: 20 Apr 2010 02:12 AM PDT ZEW’s Franz had this to say after release of Eurozone and German ZEW data; *  investors expect recovery to continue * confidence boosted by rising exports, incoming orders * exports are stabilizing German economic growth * does not expect influence from volcano at moment; may impact some sectors if planes stay down long * almost no change in inflation expectations

Eurozone & German ZEW Economic Survey Posted: 20 Apr 2010 02:03 AM PDT Eurozone ZEW Economic Sentiment came in at 46.0, stronger than the 39.3 expected. German ZEW Economic Sentiment came in at 53.0, stronger than the 45.1 expected. German ZEW Current Situation came in at -39.2, stronger than the -48.0 expected. Strong number for the Euro as Eur/Usd was pushed above 1.3500 to trade as high as 1.3515.

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