Forex Market Updates & Commentary

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• US Michigan Confidence a Touch Higher and Business Inventories same as Prior
• Traders Expo Los Angeles: Free Seminar Saturday June 11th 2:30-5:30 PM
• Forex QUICK:EURUSD hangs around 200 hour MA support. Key level
• Forex Morning Report- June 11th
• Next Webinar Tuesday June 15th - Register Now
• US Michigan Confidence and Business Inventories Data Due at 10AM
• US Advanced Retail Sales and Core Retail Sales Drop Heavily
• Bobbys Corner-Open Market-June.11.2010
• US Advanced Ratail Sales and Core Retail Sales Data Due at 8:30AM
• Rebroadcast of Thursday June 10th FXDD Webinar
• Stark on the wires….
• UK Inflation Expectations and Production
• Eurozone German WPI m/m
• 6-11 Economic Calendar
• China’s May Industrial Production & CPI

US Michigan Confidence a Touch Higher and Business Inventories same as Prior Posted: 11 Jun 2010 07:01 AM PDT University of Michigan Confidence:       Survey:  74.5            Actual:  75.5               Prior: 73.6 Business Inventories:      Survey:  0.5%            Actual: 0.4%           Prior: 0.4%             Revised:  0.7%   Trading Steady on the news.

Traders Expo Los Angeles: Free Seminar Saturday June 11th 2:30-5:30 PM Posted: 11 Jun 2010 06:55 AM PDT

Forex QUICK:EURUSD hangs around 200 hour MA support. Key level Posted: 11 Jun 2010 06:43 AM PDT

Forex Morning Report- June 11th Posted: 11 Jun 2010 06:35 AM PDT Forex Morning Report- June 11th

Next Webinar Tuesday June 15th - Register Now Posted: 11 Jun 2010 06:32 AM PDT Next Webinar Tuesday June 15th - Register Now

US Michigan Confidence and Business Inventories Data Due at 10AM Posted: 11 Jun 2010 06:31 AM PDT

US Advanced Retail Sales and Core Retail Sales Drop Heavily Posted: 11 Jun 2010 05:33 AM PDT Advance Retail Sales:           Survey:  0.2%            Actual:  -1.2%               Prior: 0.4%                 Revised:  .6% Core Retail Sales:           Survey:  0.1%            Actual: -1.1%               Prior: 0.4%                 Revised:  .6% Worst Number for retail sales since september of 2009. EUR/USD trading lower on the news.

Bobbys Corner-Open Market-June.11.2010 Posted: 11 Jun 2010 05:27 AM PDT Good Morning: The Euro maintained their levels as we head into the last trading day of the week.  As concerns over Euro debt crisis ease, the pressure on the Euro also slowed.  Japan’s new Prime Minister-Naoto Kan is seeking a sales tax rise-as he is concerned that the country risks default if they do not control their public debt. World equity markets rose-after yeterday’s increase in the Dow.  US Futures are unchanged at this time. Gold was little changed, and Oil is trading around the $75/bar level. Oil:$75.08                                               Gold:$1220.50 TIME FOR  EST PRIOR 8:30A.M. ADVANCE RETAIL SALES  MAY 0.20% 0.40% 8:30A.M. RETAIL SALES LESS AUTOS MAY 0.10% 0.40% 8:30A.M. RETAIL SALES EX AUTO & GAS MAY 0.30% 0.40% 9:55A.M. U. OF MICHIGAN CONFIDENCE JUNE P 74.5O 73.6O 10:00A.M. BUSINESS INVENTORIES APRIL 0.50% 0.40% HAVE A GREAT DAY-WEEKEND & GOOD LUCK

US Advanced Ratail Sales and Core Retail Sales Data Due at 8:30AM Posted: 11 Jun 2010 05:01 AM PDT

Rebroadcast of Thursday June 10th FXDD Webinar Posted: 11 Jun 2010 05:00 AM PDT Rebroadcast of Thursday June 10th FXDD Webinar - Click to watch

Stark on the wires…. Posted: 11 Jun 2010 02:36 AM PDT Speaking at an event in Frankfurt, ECB member Stark made the following comments: “Crazy” to ask if there’s a future for the euro. Today’s crisis is a new phase of global crisis. Europe’s economic fundamentals remain strong. Economic growth will pick up again. Potential growth will be similar to pre-crisis. The crisis is not just a euro area problem. Crisis is a loss of confidence in fiscal policies. Ratings agencies have been irresponsible. Recent tensions in sovereign debt markets are a test. Crisis is a wake-up call for all politicians. He’s confident that the euro is the future for Europe. We need more competition among ratings agencies. ECB is independent, was never influenced by governments. Inflation is still very anchored. M3 is signaling no inflation risks ahead.

UK Inflation Expectations and Production Posted: 11 Jun 2010 01:34 AM PDT The GBP traded slightly lower after May inflation expectations came in better than expected, but production came in worse Manufacturing Productions (m/m) - Survey: 0.6%   Actual: -0.4%   Prior: 2.3% PPI Output (m/m) - Survey: -0.9%   Actual: -0.6%   Prior: 0.6% Consumer Inflation Expectations - Actual: 3.3%   Prior: 2.5% Industrial Production (m/m) - Survey: 0.5%   Actual:  -0.4%  Prior: 2.0% PPI Output (m/m) - Survey: 0.6%   Actual: 0.3%   Prior: 1.4%

Eurozone German WPI m/m Posted: 10 Jun 2010 11:01 PM PDT The market had a limited reaction to the German WPI (m/m) as it came in as expected at 0.3%.

6-11 Economic Calendar Posted: 10 Jun 2010 08:50 PM PDT

China’s May Industrial Production & CPI Posted: 10 Jun 2010 07:23 PM PDT China’s Industrial Production weakened in May from the prior month and did not reach survey expectations as did the YTD figure. CPI however rose above expectations, however leading to a limited market reaction in terms of price action, with the Yen gaining a mild bid off session lows. Industrial Production (YoY)- Survey:17.0%   Actual:16.5%   Prior:17.8% Industrial Production YTD (YoY)- Survey:18.6%   Actual:18.5%   Prior:19.1% CPI (YoY) - Survey:3.0%   Actual:3.1%   Prior:2.8% PPI (YoY) - Survey:6.8%   Actual:7.1%   Prior:6.8%

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