Wednesday, July 14, 2010

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

QUICK Forex Trading Lesson: Trading a Narrow Range

Posted: 14 Jul 2010 07:37 AM PDT

US Business Inventories a touch Stronger

Posted: 14 Jul 2010 07:01 AM PDT

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US Business Inventories Due at 10AM

Posted: 14 Jul 2010 06:52 AM PDT

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Forex QUICK:EURUSD has tough sledding as narrow range prevails

Posted: 14 Jul 2010 06:34 AM PDT

Forex Morning Report- July 14

Posted: 14 Jul 2010 06:25 AM PDT


Forex Morning Report- July 14

Fed’s Hoenig on CNBC

Posted: 14 Jul 2010 05:39 AM PDT

  • 3% growth
  • Monetary policy is highly accomodative
  • Can’t overreact to mixed data
  • Major deleveraging process going on
  • Consumer continues to spend however
  • Employment numbers should continue to improve with the economy

Retail Sales a touch worse. Import Prices Down. USDJPY and EURUSD up but modestly

Posted: 14 Jul 2010 05:38 AM PDT

Advanced Retail Sales and Import Price Index Fall as Core Retail Comes out as Predicted

Posted: 14 Jul 2010 05:35 AM PDT

Advance Retail Sales:           Survey:  -0.3%            Actual:  -1.3%               Prior:  -1.2%           Revised:  -1.1%

Core Retail Sales:           Survey:  -0.1%            Actual: -0.1%               Prior: -1.1%                 Revised:  -1.2%

Import Price Index:        Survey:  -0.4%            Actual: -1.3%               Prior: -0.6%                 Revised:  -0.5%

 

EUR/USD trading slightly higher on the news.

US Retail Sales & Advanced Retail Sales Along with Import Price Index at 8:30AM

Posted: 14 Jul 2010 05:00 AM PDT

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NY Opening Forex Commentary for July 14th with looks at NZDUSD, EURUSD, GBPUSD, USDJPY, USDCHF and USDCAD

Posted: 14 Jul 2010 04:22 AM PDT

NY Opening Forex Commentary for July 14th with looks at NZDUSD, EURUSD, GBPUSD, USDJPY, USDCHF and USDCAD

Rebroadcast of Tuesday July 13 2010 Webinar

Posted: 14 Jul 2010 04:21 AM PDT

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Rebroadcast of Tuesday July 13 2010 Webinar- Click to watch

Bobbys Corner-Open Market-July.14.2010

Posted: 14 Jul 2010 03:37 AM PDT

bob-slade-forex-trading-8-150x200Good Morning:

With US companies showing positive Q2  earnings results- demand for the relative safety of the yen waned. 
The GBP rose as data from the UK showed continued improvement in the countries labor market.  The number of jobless dropped for the 5th moth in a row.  The unemployment rate also improved to 7.8% from 7.9%.
The markets are hoping that the UK’s positive employment picture can be sustainable-only time will tell,

Today we have data for US Retail Sales.  The data is expected to be a little negative with estimates at -.1 to -.2%  vs.-1.2% last month.

Asian equity markets rose after Intel reported better than expected Q2 results.
European equity markets are mixed at this time-and US Futures are higher on the heels of Intel’s earnings report.

Oil:$76.60                                                 Gold:$1213.00

HAVE A GREAT DAY & GOOD LUCK

I will be away for a few days of R&R-see you next week.

Euro CPI As Expected

Posted: 14 Jul 2010 02:03 AM PDT

The euro traded slightly lower after CPI and Core CPI came in as expected, but industrial production was slightly worse for June. The details are as follows:

  • CPI (y/y) - Survey: 1.4%   Actual: 1.4%   Prior: 1.4%
  • Core CPI (y/y) - Survey: 0.9%   Actual: 0.9%   Prior: 0.8%
  • Industrial Production (m/m) - Survey: 1.2%   Actual: 0.9%   Prior: 0.6%

UK Unemployment

Posted: 14 Jul 2010 01:36 AM PDT

The GBP made gains across the board as the May unemployment rate came in at 7.8%; slightly better than the forecast and prior reading of 7.9%.

June claimant count was -20,800 versus the prior showing of -30,900 and the average earnings index was -2.7%; worse than last month’s reading of 4.2%.

BOE’s Sentance on the wires

Posted: 14 Jul 2010 01:18 AM PDT

Bank of England’s Sentance had this to say in an interview with the Reading Post;

* definite improvement in business climate

* budget may have added to uncertainty

* things are a lot better in economy

* need to reassess support for economy

* need to start a process for raising rates

Below you will find a link to the interview in its entirety.

http://www.getreading.co.uk/business/s/2074419_bank_of_england_expert_things_are_looking_up

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