Forex Market Updates & Commentary

Canada Ivey 58.7 in April
Bullard Makes Remarks on Interest
Forex QUICK: UK election? GBPUSD buys time in between support and resistance
Bernanke on newswires
Forex QUICK: EURUSD falls on German Economic Minister comments
Forex Morning Report - May 6th
German Minister Wolfgang Schaeuble on the Newswires
“ECB did not discuss buying bonds”
ECB Trichet comments
ECB Trichets early comments as expected.
Review of Economic Statistics for the US/Canada
S & P says Italy outlook stable.
Forex Economic releases for May 6th
No change in rates ECB
NY Opening Forex Commentary for May 6th is available for viewing

Canada Ivey 58.7 in April

Posted: 06 May 2010 07:01 AM PDT

They were expecting 55.5. THis is much better than expected and we are seeing a move lower in the USDCAD

Employment 54.0 vs 51.6
Inventory 50.0 vs 55.2
Supplier Delivery 42.5 vs 44.3
Prices 59.2 vs 61.5

Bullard Makes Remarks on Interest

Posted: 06 May 2010 07:00 AM PDT

Feds Bullard says he would embark on sales of assets first than raise interest rates.

Forex QUICK: UK election? GBPUSD buys time in between support and resistance

Posted: 06 May 2010 06:49 AM PDT

Bernanke on newswires

Posted: 06 May 2010 06:31 AM PDT

Fed working to restore credit to worthy borrowers but credit demand is tepid as the economy continues to be under stress. Lending opportunities are scarce for small banks.

Nevertheless, he also says the eeconomy has continued to strengthen.

Forex QUICK: EURUSD falls on German Economic Minister comments

Posted: 06 May 2010 06:30 AM PDT

Forex Morning Report - May 6th

Posted: 06 May 2010 06:25 AM PDT

German Minister Wolfgang Schaeuble on the Newswires

Posted: 06 May 2010 06:20 AM PDT

German economic minister says i am not yet worried by euros depreciation.

“ECB did not discuss buying bonds”

Posted: 06 May 2010 05:53 AM PDT

Also did not discuss orderly default procedure

Says Greece will not default.
Loans to Greece warranted. The ECB had to alter collateral rules.

ECB Trichet comments

Posted: 06 May 2010 05:46 AM PDT

So far, Trichet is expected. He warns that “global inflation” may increase. Expects moderate inflation in the medium term but must monitor price indicators closely. Says rates are appropriate. Says decisive action needed by gov’t with current efforts stepped up and warns that the longer fiscal corrections postponed, the greater will be the need later. He says he welcomes the Greek budget proposals.

Portugal speculation is unfounded.

ECB Trichets early comments as expected.

Posted: 06 May 2010 05:43 AM PDT

Review of Economic Statistics for the US/Canada

Posted: 06 May 2010 05:36 AM PDT

S & P says Italy outlook stable.

Posted: 06 May 2010 05:27 AM PDT

This is giving the EURUSD a slight bid before Trichets more important comments.

Forex Economic releases for May 6th

Posted: 06 May 2010 05:23 AM PDT

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