Forex Market Updates & Commentary

French Regulator blasts German move
Mortgage Delinquencies rise to 10.06%
Forex QUICK: USDCAD comes off the highs on better data and dollar reversal
FXDD Webinar Thursday May 20th at 4pm Register
Forex Morning Report - May 19th
EURCHF moves higher on intervention rumors
Forex QUICK: EURUSD in fast market
US Consumer Price Index Weaker than Expected
Canada Wholesale sales better at +1.4%
Forex QUICK: EURUSD shoots through 1.2233. Stops hit
ECB Weber on the newswires
US Consumer Price Index (MoM) Data this Morning
Forex QUICK $USDJPY has resistance at 91.52-59 and support at 91.19 after sharp move lower
Rebroadcast of Tuesday’s Webinar May 18th 2010
NY Opening Forex Commentary for May 19th is available for viewing

Posted: 19 May 2010 07:10 AM PDT

The head of French Regulator head blasts German short banning move citing that the result could cause confussion in the markets. The EURUSD has continued the move higher but one must wonder if the lack of solidarity is good. I have to wonder. Resistance at 1.2329 now after the failure on the break higher and sellers against 1.2358

Mortgage Delinquencies rise to 10.06%

Posted: 19 May 2010 07:02 AM PDT

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Chart courtesy of Bloomberg.

Was 9.47% in the 4th quarter.
The MBA MOrtgage Foreclosures rose to 4.63% from 4.58% in the 4th quarter
Both are at the highest levels

Subprime mortgages have a whooping 27.21 % delinquency rate. I guess I am not surprised.

Forex QUICK: USDCAD comes off the highs on better data and dollar reversal

Posted: 19 May 2010 06:49 AM PDT

FXDD Webinar Thursday May 20th at 4pm Register

Posted: 19 May 2010 06:30 AM PDT

FXDD Webinar Thursday May 20th at 4pm >>Register Here

Forex Morning Report - May 19th

Posted: 19 May 2010 06:19 AM PDT

Watch the latest video now. EUR/CHF possible intervention.

EURCHF moves higher on intervention rumors

Posted: 19 May 2010 06:02 AM PDT

The EURCHF which has had a floor at the 1.4000 level has shot up on rumors of intervention

Forex QUICK: EURUSD in fast market

Posted: 19 May 2010 05:59 AM PDT

US Consumer Price Index Weaker than Expected

Posted: 19 May 2010 05:33 AM PDT

Consumer Price Index (MoM): Survey: 0.1% Actual: -.1% Prior: 0.1% Revised: -1.5%

CPI Ex Food & Energy (MoM): Survey: 0.1% Actual: .0% Prior: 0.0%

Euro Trading slightly higher upon the news.

Canada Wholesale sales better at +1.4%

Posted: 19 May 2010 05:31 AM PDT

The Wholesale inventories meanwhile dropped 0.2%. As a result, the inventory to sales ratio fell to 1.15 months from 1.17 months. This is positive for future months as when inventories decline they need to be replenished.

The sales is the 4th increase in the 5 months.

The better data sent the USDCAD lower (CAD$ higher). The prive came back down to test Monday’s high at 1.0437 but has since moved back higher. Topside resistance today will be at 1.0490 which is the 200 day MA. The price has not closed above the 200 day MA since May 4th.

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