Tuesday, May 4, 2010

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Forex QUICK. Factory Orders and Pending Home Sales. USDJPY moves up toward resistance

Posted: 04 May 2010 07:05 AM PDT

Factory Orders and Pending Home Sales Data Released

Posted: 04 May 2010 07:00 AM PDT

Factory Orders:                           Survey: 0.0%   Actual: 1.3 %   Prior: 0.6%  Revised: 1.3%

Pending Home Sales(MoM):   Survey: 5.0%   Actual: 5.3%   Prior: 8.2%  Revised: 8.3%

Pending Home Sales(YoY):    Survey: 19.5%   Actual: 23.5%   Prior: 17.3%  Revised: 17.4%

Forex QUICK: AUDUSD breaks support trendline

Posted: 04 May 2010 06:48 AM PDT

Forex QUICK: AUDUSD breaks support trendline

Dow down > 100 on opening

Posted: 04 May 2010 06:31 AM PDT

Forex Morning Report - May 4th

Posted: 04 May 2010 06:30 AM PDT

New Forex Report ready for viewing

Forex QUICK: EURUSD pauses at trendline support now but little bounce so far

Posted: 04 May 2010 06:24 AM PDT


Forex QUICK: EURUSD pauses at trendline support now but little bounce so far

US Factory Orders and Pending Home Sales due at 10:00 AM

Posted: 04 May 2010 05:50 AM PDT

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Charts and data are courtesy of www.fxddondemand.com

Bobbys Corner-Open Market-May4,2010

Posted: 04 May 2010 05:37 AM PDT

bob-slade-forex-trading-8-150x200Good Morning:

I am writing from Amman, Jordan where we are attending the 5th Jordan Forex Expo.  The attendance is brisk, and FXDD’s presence in the Middle East is growing.

Now back to the markets:

The Euro continues to be under pressure, even as the bailout package for Greece is reaching final approval.  The EUR/USD pair has hit a session low of 1.3088. The ECB is also under pressure as concerns that the Greek crisis could undermine the Euro becomes a major concern for the marketplace.   Speculation the the Greek bailout will not stop the debt issues facing some EU countries, along with a lack of confidence in Greece’s government are also adding preesure on the single currency.   

The Aussie also sold off after the central bank raised interest rates for the sixth time.  They signaled that the pace of  interst rate increases may slow.

European equity markets and US futures are lower, as data showing Chinese manufacturing has slowed, and the BP oil rig disaster in the gulf may leave resource companies vulnerable.

Metals are lower along with oil.

HAVE A GREAT DAY & GOOD LUCK

Forex QUICK: USDCHF tests 50% Fibonacci Retracement resistance

Posted: 04 May 2010 05:20 AM PDT

Forex QUICK: USDCHF tests 50% Fibonacci Retracement resistance

Forex QUICK: EURUSD tests 1.3088 target support level

Posted: 04 May 2010 05:13 AM PDT

Forex QUICK: EURUSD tests 1.3088 target support level

The NY Opening Forex Commentary is available for viewing.

Posted: 04 May 2010 04:33 AM PDT

The NY Opening Forex Commentary is available for viewing.

NY Opening Forex Commentary is available for viewing

Posted: 04 May 2010 04:20 AM PDT

VIdeo Pending

Eurozone PPI

Posted: 04 May 2010 02:01 AM PDT

The market had a limited reaction to Eurozone PPI which came in at 0.6%; slightly worse than the forecast of 0.8% but better than the prior reading of 0.1%.

UK Manufacturing PMI

Posted: 04 May 2010 01:32 AM PDT

The GBP traded slightly higher after the UK April manufacturing PMI came in at 58.0, the highest reading since September 1994; the survey was 57.5 and prior reading was 57.2.

Also, net lending m/m came in worse at 0.6B versus the forecast of 2.0B and final mortgage approvals came in slightly worse at 49K.

German Retail Sales

Posted: 03 May 2010 11:02 PM PDT

The EUR traded slightly lower after German March retail sales came in at -2.4%; worse than the 0.0% forecast.
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