Forex Market Updates & Commentary

Forex QUICK: EURUSD fails above 1.2400.
Forex QUICK. USDJPY making a break lower. 90.89 now resistance
Philadelphia Fed Worse as Leading Indicators Stay the Same
Philadelphia Fed Index much worse than expected
US Philadelphia Fed and Leading Indicators Data at 10AM
Forex Morning Report- June 17th
Forex QUICK: AUDUSD finds support. Finds resistance. Consolidating.
Forex QUICK: A review of the economic releases. USDJPY, USDCAD update
Consumer Price Index Comes Out as Expected as Jobless Claims Worsen
Canada Wholesale Sales Lower
Bobbys Corner-Open Market-June.17.2010
US Consumer Price Index and Jobless Claims Data Due at 8:30AM
Free Forex Webinar on Trading TODAY at 4PM
Canada Wholesale Sales Due at 8:30AM
NY Opening Forex Commentary: USDJPY

Forex QUICK: EURUSD fails above 1.2400.

Posted: 17 Jun 2010 07:28 AM PDT

Forex QUICK. USDJPY making a break lower. 90.89 now resistance

Posted: 17 Jun 2010 07:20 AM PDT

Philadelphia Fed Worse as Leading Indicators Stay the Same

Posted: 17 Jun 2010 07:10 AM PDT

Philadelphia Fed: Survey: 20.0 Actual: 8.0 Prior: 21.4

Leading Indicators: Survey: 0.4% Actual: 0.4% Prior: -0.1% Revised: .0

EUR/USD trading higher on the news.

Philadelphia Fed Index much worse than expected

Posted: 17 Jun 2010 07:07 AM PDT

Index comes in at 8.0 vs 18 expectations
Employment-1.5 fell to vs 3.2
Priced Received fell to -6.5 vs 3.5
Prices Paid fell to 10 vs 35.5
New Orders rose to 0.0 from 6.1
Future Index rose to 40.2 from 37.0

US Philadelphia Fed and Leading Indicators Data at 10AM

Posted: 17 Jun 2010 06:30 AM PDT

Forex Morning Report- June 17th

Posted: 17 Jun 2010 06:20 AM PDT

Forex Morning Report- June 17th

Forex QUICK: AUDUSD finds support. Finds resistance. Consolidating.

Posted: 17 Jun 2010 05:56 AM PDT

Forex QUICK: A review of the economic releases. USDJPY, USDCAD update

Posted: 17 Jun 2010 05:40 AM PDT

Consumer Price Index Comes Out as Expected as Jobless Claims Worsen

Posted: 17 Jun 2010 05:35 AM PDT

Consumer Price Index (MoM): Survey: -0.2% Actual: -0.2% Prior: -0.1%

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

Initial Jobless Claims: Survey: 450K Actual: 472 Prior: 456K

Continuing Claims: Survey: 4500K Actual: 4571 Prior: 4462K

Current Account Balance: Survey: -121.9B Actual: -109.0 Prior: 115.6B Revised:

Canada Wholesale Sales Lower

Posted: 17 Jun 2010 05:31 AM PDT

Wholesale Sales (MoM): Survey: 0.3% Actual: -.3 Prior: 1.4% Revised: 1.2%

USD/CAD trading higher on the news.

Bobbys Corner-Open Market-June.17.2010

Posted: 17 Jun 2010 05:26 AM PDT

Good Morning:

The Euro traded higher overnight as strong demand for Spanish bonds should help rebuild some confidence for the EU. The strong demand for Spanish bonds eased concerns that the Spanish government will have a difficult time financing their growing debt issues.

It was a busy overnight session in general-with EUR/USD trading between 1.2241 and 1.2396 (on the heels of strong Spanish bond demand-see above), and GBP/USD traded between 1.4644 and 1.4836 (as Retail Sales in the UK rose).
We will see if North American data (see below) can keep the markets active all day long.

Asian equity markets fell, but European markets are higher. BP shares rallied over 7% as the company cut dividends and discussed asset sales to meet the $20 billion fund that is being set up to assist victims of the gulf oil spill-which is considered the worst oil disaster in US history.
US Futures are also higher this morning.
Oil fell less that 1/2%, and Gold gained.

Oil:$77.23 Gold:$1238.20

Today’s data:

TIME		FOR	EST	PRIOR
8:30A.M.	CPI MoM	MAY	-0.20%	-0.10%
8:30A.M.	CPI EX FOOD & ENERGY MoM	MAY	0.10%	0.00%
8:30A.M.	CPI YoY	MAY	2.00%	2.20%
8:30A.M.	CPI EX FOOD & ENERGY YoY	MAY	0.90%	0.90%
8:30A.M.	CPI CORE INDEX SA	MAY		22O.768
8:30A.M.	INITIAL JOBLESS CLAIMS	12-Jun	450K	456K
8:30A.M.	CONTINUING CLAIMS	5-Jun	4500K	4462K
8:30 A.M.	CPI NSA	MAY	218.155.%	218.OO9
8:30A.M.	CURRENT ACCT. BALANCE	1Q	-$121.9B	-$115.6B
10:00 A.M.	PHILADELPHIA FED	JUNE	20.O	21.4O
10:00A.M.	LEADING INDICATORS	MAY	0.40%	-0.10%