Forex Market Updates & Commentary |  |
- FOREX QUICK: USD/JPY Testing the 200 Day MA
- Chicago Purchasing Manager Weaker as Confidence is a Tad Higher
- FOREX QUICK: AUD/USD Quietly trending higher
- Chicago Purchasing Manager at 9:45am & University of Michigan Confidence at 9:55am
- FOREX QUICK: EUR/CHF Three is a crowd on Friday
- Personal Income Stays Unchanged as Personal Spending Goes Down
- Forex Morning Report- May 28th
- US Personal Income & Personal Spending Data Due at 8:30am
- 5-28 Economic Calendar
- Rebroadcast of Thursday May 27th Webinar
- Japanese Retail Sales y/y
- Japanese Unemployment Rate
- UK GfK Consumer Confidence
- Gold testing trend line support
- New Zealand Building Consents
| FOREX QUICK: USD/JPY Testing the 200 Day MA Posted: 28 May 2010 07:00 AM PDT FOREX QUICK: USD/JPY Testing the 200 Day MA |
| Chicago Purchasing Manager Weaker as Confidence is a Tad Higher Posted: 28 May 2010 06:58 AM PDT Chicago Purchasing Manager: Survey: 61.0 Actual: 59.7 Prior: 63.8 University of Michigan Confidence: Survey: 73.3 Actual: 73.6 Prior: 73.3 USD/JPY trading lower on the news as well as EUR/USD also trading lower on the news. |
| FOREX QUICK: AUD/USD Quietly trending higher Posted: 28 May 2010 06:31 AM PDT FOREX QUICK: AUD/USD Quietly trending higher |
| Chicago Purchasing Manager at 9:45am & University of Michigan Confidence at 9:55am Posted: 28 May 2010 06:30 AM PDT
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| FOREX QUICK: EUR/CHF Three is a crowd on Friday Posted: 28 May 2010 06:09 AM PDT FOREX QUICK: EUR/CHF Three is a crowd on Friday |
| Personal Income Stays Unchanged as Personal Spending Goes Down Posted: 28 May 2010 05:33 AM PDT Personal Income: Survey: 0.4% Actual: 0.4% Prior: 0.3% Revised: 0.5% Personal Spending: Survey: 0.3% Actual: .0% Prior: 0.6% Euro trading lower on the news. |
| Forex Morning Report- May 28th Posted: 28 May 2010 05:30 AM PDT Forex Morning Report- May 28th |
| US Personal Income & Personal Spending Data Due at 8:30am Posted: 28 May 2010 05:03 AM PDT
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| Posted: 27 May 2010 09:31 PM PDT
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| Rebroadcast of Thursday May 27th Webinar Posted: 27 May 2010 05:38 PM PDT
Watch the rebroadcast of Thursday May 27th’s Forex Webinar >>Here |
| Posted: 27 May 2010 04:57 PM PDT The market had a muted reaction to better than expected reatail sales out of Japan which came in at 4.9% versus a forecast of 3.7% and prior reading of 4.7%. The JPY is currently trading at the 91.00 figure against the USD. |
| Posted: 27 May 2010 04:34 PM PDT The jobless rate in Japan for the month of April was 5.1%; slightly worse than the forecast and prior reading of 5.0%. The following data was also released:
The market was relatively unchanged by this release. |
| Posted: 27 May 2010 04:24 PM PDT The UK GfK consumer confidence number for April did not meet its forecast and was worse than the prior month’s reading causing the GBP to trade slightly lower against all of the major currencies. The reading was -18 versus -16 and a survey of -15. The GBP is trading off session lows against the USD. |
| Gold testing trend line support Posted: 27 May 2010 04:21 PM PDT From May 18th to May 20th Gold traded over $50 lower, but as you can see from the chart the pair reversed the trend on the 20th and has traded continually higher and is close to retracing 100% of the prior move. The pair has been trading sideways the past 24 hours, but is testing the trend line for the fifth time. If the trend holds, the target would be the 100.0% fibo line at 1220.20. It should also be noted that the 100 hour moving average is following the upward trend and is now converging with the 200 hour at 1200.91.
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| Posted: 27 May 2010 03:48 PM PDT The market had a limited reaction New Zealand’s building consents which came in at 8.5%; better than the prior reading of -0.4%. The kiwi is currently trading on session lows against the USD. |
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