Forex Market Updates & Commentary

---

• Existing Home Sales come in at 5.35 million annualized rate
• Forex Quick USDCAD tests key resistance ahead of BOC Monetary Policy Report
• Forex QUICK: EURUSD breaks key support. Pressure on the pair continues
• Forex Morning Report - April 22
• Forex QUICK: GBPUSD tests support at 1.5365 area
• Bobbys Corner-Open Market-April.22.2010
• Forex QUICK: Economic Release Review
• Forex QUICK: EURUSD corrects off of support. Watching upside resistance
• The NY Opening Forex Commentary is available for viewing
• UK CBI Industrial Order Expectations
• Greece and Ireland’s 2009 budget deficit at 14.0% of GDP
• Fitch says Japan’s credit rating at risk
• UK Public Sector Net Borrowing & Mortgage Approvals
• UK Retail Sales
• Eurozone Flash Manufacturing & Services PMI

Existing Home Sales come in at 5.35 million annualized rate Posted: 22 Apr 2010 07:03 AM PDT The Existing Home sales came in at 5.35 million annualized rate. This was higher than the 5.29M expectation. The Month supply fell to 8.0 months from the surprise 8.5 month supply last month. Housing in the US continues to be a drag but any improvement is certainly welcomed.

Forex Quick USDCAD tests key resistance ahead of BOC Monetary Policy Report Posted: 22 Apr 2010 06:53 AM PDT

Forex QUICK: EURUSD breaks key support. Pressure on the pair continues Posted: 22 Apr 2010 06:40 AM PDT

Forex Morning Report - April 22 Posted: 22 Apr 2010 06:30 AM PDT

Forex QUICK: GBPUSD tests support at 1.5365 area Posted: 22 Apr 2010 05:49 AM PDT

Bobbys Corner-Open Market-April.22.2010 Posted: 22 Apr 2010 05:45 AM PDT Good Morning: The Euro took another round of battering in overnight markets, as data shows  that Greece’s budget deficit was worse than expected.  The markets are preparing for Greece to start utilizing the aid package set up b y the EU and IMF. The JPY also rose-as investors look for a safe haven. The GBP rose today as the BOE showed that U.K. lenders increased home lending last month. Today President Obama is expected to speak in New York-and he will take aim at the “risky decisions” made on Wall Street.  The markets are wary about what the President may say regarding  new financial-industry regulations that the administration is tyring to implement. Oil:$82.80                                                         Gold:$1140.90          PPI actual= +.7 (higher than expected) Jobless claims= -456K  (expected)    TIME FOR  EST PRIOR 8:30A.M. PPI MoM MAR. 0.50% -0.60% 8:30A.M. PPI EX FOOD & ENERGY MoM MAR. 0.10% 0.10% 8:30A.M. PPI YoY MAR. 6.00% 4.40% 8:30A.M. PPI EX FOOD & ENERGY YoY MAR. 0.90% 1.00% 8:30A.M. INITIAL JOBLESS CLAIMS 17-Apr 450K 484K 8:30A.M. CONTINUING CLAIMS 10-Apr 4600K 4639K 9:00A.M. RPX COMPOSITE 28 DY INDEX  28-Feb 185.8O 9:00A.M. RPX COMPOSITE 28 DY YoY FEB. -0.51% 10:00A.M. EXISTING HOME SALE S      MAR.      5.29M 5.02M 10:00A.M. EXISTING HOME SALES MoM      MAR. 5.30% -0.60% 10:00A.M. HOUSE PRICE INDEX MoM      FEB. -0.20% -0.60% TODAY IS EARTH DAY (40 year anniversary) HAVE A GREAT DAY & GOOD LUCK

Forex QUICK: Economic Release Review Posted: 22 Apr 2010 05:37 AM PDT

Forex QUICK: EURUSD corrects off of support. Watching upside resistance Posted: 22 Apr 2010 05:11 AM PDT

The NY Opening Forex Commentary is available for viewing Posted: 22 Apr 2010 04:01 AM PDT

UK CBI Industrial Order Expectations Posted: 22 Apr 2010 03:27 AM PDT CBI Industrial Order Expectations came in at -36, weaker than the -32 expected, but a slight improvemeent over the prior reading of -37. Gbp/Usd trades at either side of 1.5400.

Greece and Ireland’s 2009 budget deficit at 14.0% of GDP Posted: 22 Apr 2010 02:07 AM PDT The EU stated that Greece’s 2009 budget deficit was 13.6% of GDP and Ireland’s was 14.3% of GDP, both exceeding estimates for the EU nations. This continues to paint a not so rosy view of the eurozone as Eur/Usd is off 30 points since release of this news to trade at 1.3388.

Fitch says Japan’s credit rating at risk Posted: 22 Apr 2010 02:02 AM PDT Japan’s sovereign credit worthiness is at risk from rising government debt, according to credit rating agency Fitch. The Jpy has gained against all majors with Usd/Jpy up to 93.30, eur/Jpy 125.10 and Gbp/Jpy to 144.08.

UK Public Sector Net Borrowing & Mortgage Approvals Posted: 22 Apr 2010 01:37 AM PDT UK Public Sector Net Borrowing came in at 23.5 Bln, weaker than the 24.1 Bln expected but far exceeding the last reading of 12.4 Bln. Preliminary Mortgage Approvals came in at 52,000, slightly stronger than the 51,000 expected and prior reading of 48,000.

UK Retail Sales Posted: 22 Apr 2010 01:34 AM PDT UK Retail Sales m/m came in at 0.4%, weaker than the 0.6% expected. Y/ycame in at 2.2%, weaker than the 2.3% expected. Weaker than expected retail sales figures for a market which was rumored to see a stronger reading. Gbp/Usd initial reaction was a spike up to 1.5460 and has abrubtly given back the 30 point gain to trade at pre-number level of 1.5430.

Eurozone Flash Manufacturing & Services PMI Posted: 22 Apr 2010 01:01 AM PDT Eurozone Flash Manufacturing PMI came in at 57.5, stronger than the 56.7 expected. Eurozone Flash Services PMI came in at 55.5, stronger than the 54.4 expected. More strong numbers out of the Eurozone as Eur/Usd is just off session highs at 1.3415.

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610