Forex Market Updates & Commentary

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• Forex QUICK:EURUSD positive but tests resistance at 1.2587 and STOPS.
• FXDD Special Today. 1 pip in the EURUSD and USDJPY
• The NY Morning Forex Commentary is available for viewing
• Bernanke to Speak About the Economy at 10AM
• Forex QUICK: AUDUSD and AUDJPY consolidating after overnight move down
• Bobbys Corner-Open Market-July.12.2010
• European Commission comments on newswires regarding the stress test
• NY Opening Forex Commentary for July 12th is available for viewing
• UK Final GDP as projected, Current Account weaker
• 7-12 Economic Calendar
• Japan’s Domestic CGPI

Forex QUICK:EURUSD positive but tests resistance at 1.2587 and STOPS. Posted: 12 Jul 2010 07:12 AM PDT

FXDD Special Today. 1 pip in the EURUSD and USDJPY Posted: 12 Jul 2010 06:45 AM PDT FXDD trading desk is having a special today in the EURUSD and the USDJPY. 1 pips wide prices. Good fortune with your trading.

The NY Morning Forex Commentary is available for viewing Posted: 12 Jul 2010 06:29 AM PDT

Bernanke to Speak About the Economy at 10AM Posted: 12 Jul 2010 06:07 AM PDT US Chairman of the Federal Reserve Ben Bernanke will be addressing the economy this morning at 10.

Forex QUICK: AUDUSD and AUDJPY consolidating after overnight move down Posted: 12 Jul 2010 06:06 AM PDT

Bobbys Corner-Open Market-July.12.2010 Posted: 12 Jul 2010 05:19 AM PDT Good Morning: A quiet night on the economic data front brought about a market that has GBP/USD breaking below 1.50, and EUR/USD breaks the 1.26 handle.  JPY stayed fairly stable. US futures are lower at this time.  Tokyo equity markets were lower-but the rest of Asia and Europe are positive. China reported lower imports for the third month, thus causing copper, aluminum and oil to trade lower. Q2 results are expected to begin after the bell this afternoon-as companies in the S&P start the reporting parade.  Companies in the S%P are expected to post profit gains of 34% according to analysts estimates. Oil:$75.97                            Gold:$1205.60   HAVE A GREAT DAY & GOOD LUCK

European Commission comments on newswires regarding the stress test Posted: 12 Jul 2010 05:16 AM PDT EU says: Regulators should publish bank sovereign debt exposure Comments that there is considerable opposition to debt exposure *** Failure to publish the results would imply hiding something Comments the stress test must be “credible and transparent” The EURUSD has sold off on the news and is back below the 100 bar MA on the 5 minute chart.  1.2569 is the next level to breach on the downside.

NY Opening Forex Commentary for July 12th is available for viewing Posted: 12 Jul 2010 05:02 AM PDT

UK Final GDP as projected, Current Account weaker Posted: 12 Jul 2010 01:34 AM PDT UK Final GDP q/q came in at 0.3% which was inline with forecasts. Current Account came in at -9.6B, weaker than the -4.5B expected. Gbp weakened on heels of news with Gbp/Usd trading off 25 points to 1.4951, Gbp/Jpy off 30 points to 132.85.

7-12 Economic Calendar Posted: 11 Jul 2010 08:50 PM PDT

Japan’s Domestic CGPI Posted: 11 Jul 2010 05:12 PM PDT The USD/JPY pair got a lift when Domestic Corporate Good Prices came in lower than expected, continuing to illustrate the deflationary crisis in Japan. The details of the release are as follows: Domestic CGPI (MoM) - Survey:-0.2%   Actual:-0.4%   Prior:0.1% Domestic CGPI (YoY) - Survey:0.6%   Actual: 0.5%  Prior:0.4%

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