Forex Market Updates & Commentary

Forex QUICK: Gold keeps bearish bias today. Below $1208 keeps pressure on.
Forex Morning Report- July 2
Forex QUICK: GBPUSD has intraday support at 1.5177-81. 1.5240=38.2% Fibo Retracement target
Forex QUICK: USDJPY falls below trendline support at 87.63. 87.11 key support today.
Forex QUICK: EURUSD moves above 1.2569 but finds profit taking sellers above 1.2600
Forex QUICK: US Unemployment Review
US Nonfarm Payrolls and Unemployment Slightly Better as Private Payrolls Fall
Bobbys Corner-Open Market-July.2.2010
US Nonfarm Payroll and Unemployment Rate due at 8:30AM
The NY Opening Forex Commentary is available for viewing
Webinar Rebroadcast July 1 2010 Watch Now
Eurozone Unemployment
UK Construction PMI
7-2 Economic Calendar
Forex QUICK: EURUSD moves to new session highs. 1.2521 next target

Forex QUICK: Gold keeps bearish bias today. Below $1208 keeps pressure on.

Posted: 02 Jul 2010 06:43 AM PDT

Forex Morning Report- July 2

Posted: 02 Jul 2010 06:25 AM PDT

Forex Morning Report- July 2

Forex QUICK: GBPUSD has intraday support at 1.5177-81. 1.5240=38.2% Fibo Retracement target

Posted: 02 Jul 2010 06:23 AM PDT

Forex QUICK: USDJPY falls below trendline support at 87.63. 87.11 key support today.

Posted: 02 Jul 2010 05:55 AM PDT

Forex QUICK: EURUSD moves above 1.2569 but finds profit taking sellers above 1.2600

Posted: 02 Jul 2010 05:46 AM PDT

Forex QUICK: US Unemployment Review

Posted: 02 Jul 2010 05:35 AM PDT

US Nonfarm Payrolls and Unemployment Slightly Better as Private Payrolls Fall

Posted: 02 Jul 2010 05:32 AM PDT

Change in Nonfarm Payrolls: Survey: -130K Actual: -125K Prior: 431K Revision: 433K

Change in Manufacturing Payrolls: Survey: 25K Actual: 9K Prior: 29K Revised: 32K

Change in Private Payrolls: Survey: 110K Actual: 83K Prior: 41K Revised: 33K

Unemployment Rate: Survey: 9.8% Actual: 9.5% Prior: 9.7%

Bobbys Corner-Open Market-July.2.2010

Posted: 02 Jul 2010 05:21 AM PDT

Good Morning:

The FX markets were quiet ahead of today’s employment data in the US. Many market participants are looking past the world’s sovereign debt problems, and looking at growth.
With data from China showing manufacturing slowing, and EU countries being concerned about growth (as their economies wrestle to keep their deficits in order), along with the decelerating US economy-the markets will be focused on future growth opportunities.

Equity markets rose, and US futures are higher.

Oil:$72.80 Gold:$1207.20

8:30A.M. UNEMPLOYMENT RATE     JUNE 9.80% 9.70%

8:30A.M. CHANGE IN PRIVATE PAYROLLS JUNE 110K 41K

8:30A.M. CHANGE IN NONFARM PAYROLLS JUNE -125K 431K

8:30A.M. AVG. HOURLY EARNING MoM ALL EMP. JUNE 0.10% 0.30%

8:30A.M. AVG.HOURLY EARNING YoY ALL EMP. JUNE 2.00% 1.90%

8:30A.M. AVG. WEEKLY HOURS ALL EMPLOYEES JUNE        34.2O    34.2O

10:00A.M. FACTORY ORDERS MAY -0.50% 1.20%

10:00A.M. ISM NON MANUF.COMPOSITE      JUNE       55.3O       55.4O

HAVE A GREAT DAY-WEEKEND & GOOD LUCK

US Nonfarm Payroll and Unemployment Rate due at 8:30AM

Posted: 02 Jul 2010 04:54 AM PDT

The NY Opening Forex Commentary is available for viewing

Posted: 02 Jul 2010 04:46 AM PDT

The NY Opening Forex Commentary is available for viewing

Webinar Rebroadcast July 1 2010 Watch Now

Posted: 02 Jul 2010 04:15 AM PDT

Webinar Rebroadcast July 1 2010 Watch Now

Eurozone Unemployment

Posted: 02 Jul 2010 02:03 AM PDT

May unemployment in the Eurozone was 10.0%, slightly better than the 10.1% forecast and prior reading. Additionally, May PPI rose 0.3% month over month as the euro trades around the 1.2500 figure against the USD.

UK Construction PMI

Posted: 02 Jul 2010 01:32 AM PDT

May construction PMI out of the UK came in as expected at 58.4. The pound is currently trading off session lows against the USD.

7-2 Economic Calendar

Posted: 01 Jul 2010 08:51 PM PDT

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