Forex Market Updates & Commentary

---

• US Consumer Confidence Down
• Forex Morning Report- June 29th
• Bobbys Corner-Open Market-June.29.2010
• US S&P Home Price Index Higher as S&P (MoM) & (YoY) also Better
• Canada Raw Materials Figures Down, IPPI Same as Prior
• Forex Quick: EUR/USD holding support after move lower
• US S&P Composite Data this Morning at 9AM
• Eur/Jpy at weakest level since Nov. 2001
• UK Net Lending m/m
• Noyer on the wires….
• Swiss UBS Consumption Indicator
• EUR/JPY
• 6-29 Economic Calendar
• Japan’s Employment Report / Industrial Production
• Forex Evening Report- June 28 2010

US Consumer Confidence Down Posted: 29 Jun 2010 07:04 AM PDT

Forex Morning Report- June 29th Posted: 29 Jun 2010 06:15 AM PDT Forex Morning Report- June 29th

Bobbys Corner-Open Market-June.29.2010 Posted: 29 Jun 2010 06:10 AM PDT Good Morning: Signs that the global economic recovery is slowing caused the markets to run to the safety of the JPY-thus allowing the yen to reach it’s highest level against the euro in eight years.  The JPY also reached a seven week high versus the USD ahead of this morning’s consumer sentiment data-which is forecast to be lower than last month.  Slowing growth concerns always drive the markets to safer havens-like the JPY,CHF and USD. World equity markets fell, and US Futures are sharply lower.  Concerns that Chinese growth is slowing will effect  global economies, as China is the main engine of the world’s economic recovery.  Oil:$76.31                              Gold:$1238.40 9:00A.M. S&P CS COMPOSITE -20 YoY APRIL 3.40% 2.30% 9:00A.M. S&P CASESHILLER HOME PRICE INDEX APRIL 144.3O 143.4O 9:00A.M. S&P CS 20 CITY MoM% SA APRIL -0.15% -0.05% 10:00A.M. CONSUMER CONFIDENCE  JUNE 62.5O 63.3O Have a GREAT DAY & GOOD LUCK

US S&P Home Price Index Higher as S&P (MoM) & (YoY) also Better Posted: 29 Jun 2010 06:03 AM PDT S&P/CS Composite-20 (YOY):           Survey: 3.4%     Actual: 3.81%     Prior: 2.3%     S&P/CaseShiller Home Price Ind:    Survey:144.3     Actual: 144.56     Prior: 143.4      S&P/CS 20 City (MoM%) SA:              Survey: -0.10%     Actual: .44%     Prior: -.05%     Revised: -.15 Market Stable on the news.

Canada Raw Materials Figures Down, IPPI Same as Prior Posted: 29 Jun 2010 05:37 AM PDT

Forex Quick: EUR/USD holding support after move lower Posted: 29 Jun 2010 05:17 AM PDT Forex Quick: EUR/USD holding support after move lower

US S&P Composite Data this Morning at 9AM Posted: 29 Jun 2010 05:09 AM PDT

Eur/Jpy at weakest level since Nov. 2001 Posted: 29 Jun 2010 01:36 AM PDT Eur/Jpy has traded down to 107.80, its weakest level since Nov. 2001. The global equity markets are extremely soft with European markets off 2-3% and the S&P Futures down 14.00. The Eur/Jpy sell off may be attributed to these weak markets, as the JPY has become the risk averse currency.

UK Net Lending m/m Posted: 29 Jun 2010 01:32 AM PDT The GBP traded slightly lower after the release of worse than expected final mortgage approvals out of the UK, but net lending came in better for the month of May. The details are as follows: Net Lending to Individuals (m/m) - Survey: 0.9B   Actual: 1.5B   Prior: 0.4B Final Mortgage Approvals - Survey: 52K   Actual: 50K   Prior: 51K

Noyer on the wires…. Posted: 28 Jun 2010 11:32 PM PDT ECB’s Noyer made the following comments: Needs 5-10 years of budget tightening to exit from the crisis. The French government can cut the deficit without hurting growth. French growth in 2011 is seen around 2 percent. We have no major problems with French banks. Countries need to stop building up debt. The ECB will make sure there is enough liquidity after the repayment of 12 month funds. Some European banks may suffer, but the ECB will make sure there are no more problems.

Swiss UBS Consumption Indicator Posted: 28 Jun 2010 11:02 PM PDT The market had a limited to reacion to June’s Swiss consumption indicator which came in at 1.74; lower than the prior reading of 1.76. The fran currently trades off session lows against the USD.

EUR/JPY Posted: 28 Jun 2010 09:16 PM PDT Yesterday we noted that the EUR/JPY pair found support at the 109.52 level, which was the 0.0% retracement line on the move from the high on June 21st to the low on the 24th. In the last three hours a move has been made through that level and it seems that some support has now been found around the 109.00 figure; the hourly chart shows support was found at this level back in the beginning on June. If support holds, we should be looking back to 109.52 as the next topside target.

6-29 Economic Calendar Posted: 28 Jun 2010 08:51 PM PDT

Japan’s Employment Report / Industrial Production Posted: 28 Jun 2010 05:04 PM PDT Japan’s May Employment Report came out weaker than expected, however the Yen and the rest of the market has had no reaction this release as risk trades marginally better than the prior days close. Industrial Production was close to expectations but also slightly worse than expected. Jobless Rate - Survey:5.0%   Actual:5.2%   Prior:5.1% Job-to-Applicant Ratio - Survey:0.49   Actual:0.50   Prior:0.48 Industrial Production (MoM) - Survey:0.0%   Actual:-0.1%   Prior:1.3% Industrial Production (YoY) - Survey:20.3%   Actual:20.2%   Prior:25.9%

Forex Evening Report- June 28 2010 Posted: 28 Jun 2010 01:30 PM PDT Forex Evening Report- June 28 2010

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610