Forex Market Updates & Commentary

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• Forex Morning Report- July 9
• Forex QUICK: EURUSD holds 100 hour MA. 1.2634 is eyed as resistance above.
• US Wholesale Inventories due at 10AM
• Forex QUICK:GBPUSD plunges on breaks of key tech levels. 1.5075 support eyed.
• Forex Webinar Tuesday July 13th - Register Now
• Forex QUICK: EURUSD falls below trendline and falls to 100 hour MA target
• Canada Housing Starts Figure Comes out a Touch Lower than Predicted Survey
• ECB’s Stark on the Newswires
• Rebroadcast of Thursday Forex Webinar July 8th 2010
• Bobbys Corner-open Market-July.9.2010
• Forex QUICK:USDCAD falls on much better employment
• The NY Opening Forex Commentary for July 9th is available for viewing
• Canadian Unemployment
• UK Trade Balance and PPI Lower Than Expected
• Italian Industrial Production m/m

Forex Morning Report- July 9 Posted: 09 Jul 2010 06:28 AM PDT Forex Morning Report- July 9

Forex QUICK: EURUSD holds 100 hour MA. 1.2634 is eyed as resistance above. Posted: 09 Jul 2010 06:27 AM PDT

US Wholesale Inventories due at 10AM Posted: 09 Jul 2010 05:59 AM PDT

Forex QUICK:GBPUSD plunges on breaks of key tech levels. 1.5075 support eyed. Posted: 09 Jul 2010 05:51 AM PDT

Forex Webinar Tuesday July 13th - Register Now Posted: 09 Jul 2010 05:40 AM PDT Forex Webinar Tuesday July 13th with Greg Michalowski and Shawn Powell 4pm - Register Now

Forex QUICK: EURUSD falls below trendline and falls to 100 hour MA target Posted: 09 Jul 2010 05:38 AM PDT

Canada Housing Starts Figure Comes out a Touch Lower than Predicted Survey Posted: 09 Jul 2010 05:17 AM PDT

ECB’s Stark on the Newswires Posted: 09 Jul 2010 05:13 AM PDT Stark Says: sees ‘no alternative’ to fiscal consolidation consolidation may have negative impact on economy eonia rates have shown ‘a very mild reaction’ 2q growth compensating for weak growth in 1q likely that economic growth will weaken in 2nd half eonia rise shouldn’t be exaggerated focus in debt crisis was ’surprisingly’ Europe decline in central bank liquidity ‘well managed’ latest data confirm that the recovery will continue ‘the worst’ of the crisis ’seems to be over’ financial markets have calmed down will have longer lasting economic effects sovereign debt issue is a ‘global phenomenon stress test scenarios will be credible IMF underestimates strength of Euro-Area recovery IMF has not caught up to reality in Europe

Rebroadcast of Thursday Forex Webinar July 8th 2010 Posted: 09 Jul 2010 05:11 AM PDT Rebroadcast of Thursday Forex Webinar July 8th 2010 - Click to Watch Part 2

Bobbys Corner-open Market-July.9.2010 Posted: 09 Jul 2010 05:10 AM PDT Good Morning: The dollar ends the week on a weak note.  EUR/USD traded as high as 1.2722 by the end of  the Asian session last night. The markets seem to feel that the EZ’s stress test of the regions banks will reassure investors regarding the security of the financial sector. JPY was lower again-as market sentiment is that the global recovery is gaining more traction-thus waning the demand for the safety of the JPY. Worldwide equity markets rose-and US futures are slightly higher at this time. Oil rose-as did most metals.  Gold is sitting at the $1200/oz range. Oil:$75.66                                    Gold:$1200.00 TIME FOR  EST PRIOR 10:00A.M. WHOLESALE INVENTORIES MAY 0.40% 0.40% HAVE A GREAT DAY-WEEKEND & GOOD LUCK

Forex QUICK:USDCAD falls on much better employment Posted: 09 Jul 2010 04:55 AM PDT

The NY Opening Forex Commentary for July 9th is available for viewing Posted: 09 Jul 2010 04:13 AM PDT

Canadian Unemployment Posted: 09 Jul 2010 04:04 AM PDT The CAD made gains against all of the major currencies after the release of a better than expected unemployment rate. The details are as follows: Unemployment Rate - Survey: 8.1%   Actual: 7.9%   Prior: 8.1% Net Change in Employment - Survey: 20.0K   Actual: 93.2K   Prior: 24.7K Full Time Employment Change - Actual:  48.9  Prior: 67.3 Part Time Employment Change - Actual: 44.2   Prior: -42.5 Participation Rate - Survey: 67.3   Actual: 67.4   Prior: 67.3

UK Trade Balance and PPI Lower Than Expected Posted: 09 Jul 2010 01:36 AM PDT The GBP traded slightly lower after the following data came in worse than expected: Trade Balance - Survey: -7.1B   Actual: -8.1B   Prior: -7.4B PPI Output (m/m) - Survey: 0.1%   Actual: -0.2%   Prior: -0.2% PPI Input (m/m) - Survey: 0.1%   Actual: -0.3%   Prior: 0.1%

Italian Industrial Production m/m Posted: 09 Jul 2010 01:03 AM PDT The market had a lack luster reaction to a slightly better than expected May Italian industrial production number which came in at 1.0%; unchanged from last month, but better than the 0.7% survey.

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