Forex Market Updates & Commentary

---

• US Chicago Purchasing Manager Comes out as Expected
• Foreclosure sales on the rise
• Forex QUICK:EURUSD comes under political/growth risk pressure in early NY trade
• Forex Morning Report- June 30
• Feds Duke on the newswires
• Forex QUICK: USDCAD rises on weaker Canada GDP. 1.0526 support now.
• Canada GDP Figures Down to 0%
• Bobbys Corner-Open Market-June.30.2010
• Forex QUICK: USDJPY falls after weak ADP Employment report
• US ADP Employment Change Very Weak
• ADP added 13,000 jobs
• Feds Evans on the newswires
• Forex QUICK: GBPUSD hanging around 100 day MA at 1.5026. Level key today
• Budget will cost 1.3m jobs - Treasury (UK’s Guardian)
• US ADP Enployment Change Data at 8:15AM

US Chicago Purchasing Manager Comes out as Expected Posted: 30 Jun 2010 06:47 AM PDT

Foreclosure sales on the rise Posted: 30 Jun 2010 06:45 AM PDT Realty Track reports 31% of all sales are foreclosures. 44% YoY increase in Bank Repossessions.

Forex QUICK:EURUSD comes under political/growth risk pressure in early NY trade Posted: 30 Jun 2010 06:37 AM PDT

Forex Morning Report- June 30 Posted: 30 Jun 2010 06:35 AM PDT Forex Morning Report- June 30

Feds Duke on the newswires Posted: 30 Jun 2010 05:57 AM PDT Banking continues to recover, but slowly Consumer credit demand sluggish Lenders are tightening standards However, demand for business loans are improving The creation of loans is still a major deterent for growth/inflation.  Banks are more intent on earning interest rate spreads from investing excess funds in treasuries than lending to businessess. Although with treasury yields compressing, the benefit is falling.

Forex QUICK: USDCAD rises on weaker Canada GDP. 1.0526 support now. Posted: 30 Jun 2010 05:37 AM PDT

Canada GDP Figures Down to 0% Posted: 30 Jun 2010 05:33 AM PDT

Bobbys Corner-Open Market-June.30.2010 Posted: 30 Jun 2010 05:28 AM PDT Good Morning: The Euro was stronger overnight as the ECB said it will lend EU banks 131.9 Bil euros for 3 months.  Last year the ECB lent EU banks 442 Bil euros to combat the financial crisis.  These loans are to be repaid tomorrow-which is why the ECB has initiated a new loan program.  The demand for fresh cash was less than expected, which may be a sign that the financial industry may be stronger in the EU than originally expected. Asian equity market fell-European markets rose and US Futures are looking for a positive opening this morning. ADP survey shows that US companies added 13K  workers in June. A gain of 60K was expected. Oil:$76.41                                                           Gold:$1243.20    7:00A.M. MBA MORTGAGE APPLICATIONS 25-Jun -5.90% 8:15A.M. ADP EMPLOYMENT CHANGE JUNE 60K 55K 9:45A.M. CHICAGO PURCHASING MANAGER  JUNE 59.O 59.7O 10:00A.M. NAPM-MILWAUKEE JUNE 65.O HAVE A GREAT DAY & GOOD LUCK

Forex QUICK: USDJPY falls after weak ADP Employment report Posted: 30 Jun 2010 05:23 AM PDT

US ADP Employment Change Very Weak Posted: 30 Jun 2010 05:18 AM PDT

ADP added 13,000 jobs Posted: 30 Jun 2010 05:15 AM PDT Weaker than expected.  They were expecting 60,000 Construction -35,000 Large Businesses +3,000 Medium Businesses +11,000 Small Businesses down 1,000

Feds Evans on the newswires Posted: 30 Jun 2010 05:13 AM PDT US Recovery is in place Employment will struggle Euro is headwind Inflation pretty far in the future Economy could benefit from fiscal stimulus Inflation to fall short of 2% objective for 3 years Still sees 3.5% growth in 2010 Housing picture is volatile because of one time credits Interview on CNBC

Forex QUICK: GBPUSD hanging around 100 day MA at 1.5026. Level key today Posted: 30 Jun 2010 05:02 AM PDT

Budget will cost 1.3m jobs - Treasury (UK’s Guardian) Posted: 30 Jun 2010 04:49 AM PDT http://www.guardian.co.uk/uk/2010/jun/29/budget-job-losses-unemployment-austerity An article in the UK’s Guardian today saying austerity to cost 1.3 million jobs over the next 5 years.

US ADP Enployment Change Data at 8:15AM Posted: 30 Jun 2010 04:48 AM PDT

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