Monday, July 5, 2010

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Forex QUICK: GBPUSD pushes to the downside. Support at 1.5081

Posted: 05 Jul 2010 06:59 AM PDT

The NY Morning Forex Commentary is available for viewing:

Posted: 05 Jul 2010 06:06 AM PDT

Eurzone Retail Sales

Posted: 05 Jul 2010 02:23 AM PDT

Coming off session lows, the euro traded slightly higher after after June retail sales came in at 0.2%, slightly better than the 0.1% survey and -0.9% prior reading.

UK Services PMI

Posted: 05 Jul 2010 01:32 AM PDT

The GBP, currently trading off session lows, showed minimal movement to June’s services PMI which came in at 54.4 versus the forecast of 55.1 and prior showing of 55.4.

Eurozone Final Services PMI

Posted: 05 Jul 2010 01:27 AM PDT

The market had a limited reaction to final services PMI out of the Eurozone which came in as expected at 55.4.

Swiss May Retail Sales rises 3.8% in year

Posted: 05 Jul 2010 12:20 AM PDT

Swiss Retail Sales for May y/y came in at 3.8%, stronger than the 2.7% expected.

Strong number for the Chf as we see the currency strengthening vs. the Usd and Eur. Currently Usd/

7-5 Economic Calendar

Posted: 04 Jul 2010 08:38 PM PDT

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Australian Inflation Report

Posted: 04 Jul 2010 05:33 PM PDT

The TD Securities Inflation Report was softer than the prior release, not having much of an affect on the price of currencies.

TD Securities Inflation (MoM) Actual:0.3%   Prior:0.5%

TD Securities Inflation (YoY) - Actual:3.6%   Prior:3.7%

AIG Performance of Services Index

Posted: 04 Jul 2010 04:42 PM PDT

The June AIG Performance of Services Index came in stronger from the prior release at 48.8 (47.5 prior.) The AUD/USD pair gained a mild bid off session lows on the release but has been under pressure to start the trading week.

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