Forex Market Updates & Commentary

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• Forex QUICK: EURUSD moves above Fibo resistance as short covering continues
• ECB’s Weber on the Newswires
• Fed Chairman Bernanke on the Newswires
• Mexico Data Come out Weak than Expectations
• US Wholesale Inventories Same as Prior
• Greg Michalowski on FXStreet - Free Webinar at 10am
• US Wholesale Inventories Data Due at 10AM
• Forex QUICK: EURUSD tests 38.2% retracement resistance
• Mexico Consumer Prices and Trade Balance Data Due at 10AM
• Forex Morning Report- June 9th
• FXDD Webinar Thursday June 10th at 4pm - Register
• Bobbys Corner-Open Market-June.9.2010
• Watch the rebroadcast of the Webinar from Tuesday June 8th 2010
• NY Opening Forex Commentary is available for viewing
• UK Trade Balance

Forex QUICK: EURUSD moves above Fibo resistance as short covering continues Posted: 09 Jun 2010 08:15 AM PDT

ECB’s Weber on the Newswires Posted: 09 Jun 2010 08:12 AM PDT fiscal policy rulebooks need to be improved Germany is role model for EU on consolidation sees need for credible, decisive consolidation steps says German recovery is more favorable than expected says insolvency mechanism for states should be examined rejects open-end support program for EU countries support program weakens fiscal responsibility

Fed Chairman Bernanke on the Newswires Posted: 09 Jun 2010 07:28 AM PDT -Inflation will remain subdued for sometime -European debt crisis is likely to have only a “modest” impact on the US economy as long as Wall Street Stabilizes -”The economy… appears to be on track to continue to expand through this year and next” - Cant Rule out Double dip recession entirely

Mexico Data Come out Weak than Expectations Posted: 09 Jun 2010 07:03 AM PDT Consumer Prices (MoM):    Survey:  -0.57%         Actual: -.63%           Prior:  -0.32%            Consumer Prices (YoY):   Survey:  3.97%         Actual: 3.92%             Prior: 4.27%         Consumer Prices Core (MoM):   Survey:  0.27%         Actual: 0.24%           Prior:  0.11%        Trade Balance:             Actual: 194.6M           Prior:  194.7M

US Wholesale Inventories Same as Prior Posted: 09 Jun 2010 07:01 AM PDT Wholesale Inventories:    Survey:  0.5%         Actual: 0.4%           Prior:  0.4%       Revised: 0.7% EUR/USD trading slightly lower on the news.

Greg Michalowski on FXStreet - Free Webinar at 10am Posted: 09 Jun 2010 06:55 AM PDT Anticipating the Forex Trends - Part 3: Threes a Crowd Register for this Session - Click here Expert: Greg Michalowski, Chief Currency and Trading Analyst at FXDD Start: Wed, Jun 9 2010, 14:00 GMT 10am New York Time End: Wed, Jun 9 2010, 14:45 GMT 10:45am NYT Summary: FXDD's Chief Currency Analyst, Greg Michalowski will continue his series which will teach and explain his "Three's a Crowd" trading pattern. The pattern is a good way to help anticipate a trend type move. If a trader can anticipate a trend he is in a better position to trade the trend. The low risk setup also keeps fear to a minimum. Fear is a trader's worst enemy. Do you want to anticipate trends and keep your fear low? Then tune in.

US Wholesale Inventories Data Due at 10AM Posted: 09 Jun 2010 06:38 AM PDT

Forex QUICK: EURUSD tests 38.2% retracement resistance Posted: 09 Jun 2010 06:37 AM PDT

Mexico Consumer Prices and Trade Balance Data Due at 10AM Posted: 09 Jun 2010 06:33 AM PDT Consumer Prices (MoM):    Survey:  -0.57%         Actual:            Prior:  -0.32%            Consumer Prices (YoY):   Survey:  3.97%         Actual:              Prior: 4.27%         Consumer Prices Core (MoM):   Survey:  0.27%         Actual:            Prior:  0.11%        Trade Balance:             Survey:           Actual:            Prior:  194.7M

Forex Morning Report- June 9th Posted: 09 Jun 2010 06:19 AM PDT Click here to view the embedded video. Forex Morning Report- June 9th

FXDD Webinar Thursday June 10th at 4pm - Register Posted: 09 Jun 2010 06:00 AM PDT FXDD Webinar Thursday June 10th at 4pm - Register Here

Bobbys Corner-Open Market-June.9.2010 Posted: 09 Jun 2010 05:03 AM PDT Good Morning: The USD continued to trade close to a 4 year high against the Euro as data suggests that the US economy is gaining traction, while prospects for growth in Europe are lower due to their sovereign debt problems. The ECB meets tomorrow, and a consensus of economists agree that the ECB will leave interest rates unchanged. Aussie fell as data showed that the nations consumer confidence was lower for a third month, along with a drop in home-loan approvals. Asian equity markets were mixed. European markets are higher, as are US Futures. Most metals (except gold-which hit a record price yesterday), and commodities in general rose as data from China showed a surge in exports in May. Oil:$72.91                                               Gold:$1239.80 Today’s data: 7:00A.M. MBA MORTGAGE APPLICATIONS 4-Jun 0.90% 10:00A.M. WHOLESALE INVENTORIES APRIL 0.50% 0.40% 2:00P.M. FEDS BEIGE BOOK          HAVE A GREAT DAY & GOOD LUCK

Watch the rebroadcast of the Webinar from Tuesday June 8th 2010 Posted: 09 Jun 2010 05:00 AM PDT Watch the rebroadcast of the Webinar from Tuesday June 8th 2010 - Click here to start

NY Opening Forex Commentary is available for viewing Posted: 09 Jun 2010 04:50 AM PDT

UK Trade Balance Posted: 09 Jun 2010 01:48 AM PDT UK Trade Balance came in at -7.3 B , weaker than the -7.0 B expected and inline with prior reading. Not much market reaction to trade figure as Gbp/Usd trades at 1.4460.

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