Forex Market Updates & Commentary

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• FOREX QUICK: USD/CHF testing key moving averages
• US New Home Sales Data Unexpectedly Rises
• Forex Morning Report- July 26th
• US New Home Sales Data 10AM
• Free Forex Webinar Tuesday July 27th 4pm
• FOREX QUICK: EUR/USD JULY 26 2010 LONG TERM
• Bobbys Corner-Open Market-July.26.2010
• FOREX QUICK: USING FIBONACCI TOOLS
• Usd/Jpy below 200 hour M/A
• Once bearish financial institutions turn into Euro bulls
• 7-26 Economic Calendar
• Aussie PPI q/q
• Japanese Trade Balance

FOREX QUICK: USD/CHF testing key moving averages Posted: 26 Jul 2010 07:08 AM PDT FOREX QUICK: USD/CHF testing key moving averages

US New Home Sales Data Unexpectedly Rises Posted: 26 Jul 2010 07:04 AM PDT June New Home sales in the U.S. rise 24% to 330, 000 annual price, this is the largest percentage rise since may of 1980. USD/JPY trading higher on the news.

Forex Morning Report- July 26th Posted: 26 Jul 2010 06:30 AM PDT Forex Morning Report- July 26th

US New Home Sales Data 10AM Posted: 26 Jul 2010 06:07 AM PDT

Free Forex Webinar Tuesday July 27th 4pm Posted: 26 Jul 2010 05:50 AM PDT Free Forex Webinar Tuesday July 27th, 4pm New York Time. Shawn Powell will be teaching a special class on trading targets. Reserve your Webinar seat now at: https://www1.gotomeeting.com/register/598171273

FOREX QUICK: EUR/USD JULY 26 2010 LONG TERM Posted: 26 Jul 2010 05:40 AM PDT FOREX QUICK: EUR/USD JULY 26 2010 LONG TERM

Bobbys Corner-Open Market-July.26.2010 Posted: 26 Jul 2010 05:13 AM PDT Good Morning: The JPY  rose as it benefited from a pick  up in risk aversion from the markets in general.  GBP stayed strong after Friday’s better than expected growth data, moving the pair into the 1.55 handle. The euro stayed firm after Friday’s stress test results from the regions banks.  Only 7 out of 91 banks tested are in need of obtaining additional capital. Asian equity markets were higher-European markets have given up earlier gains and are now in negative territory. US Futures are also lower at this time. Even with the results from the Euro Zone’s bank stress test being better than expected-the concern that global economic growth is slowing is going to weigh heavily on the markets.  Concerns that continued weak data out of the US will drive investors to look for alternative regions to invest in. Oil:$78.52                                                    Gold:$1188.80 TIME FOR  EST PRIOR 8:30A.M. CHICAGO FED NAT. ACTIVITY INDEX JUNE O.21 10:00A.M. NEW HOME SALES  JUNE 320K 300K 10:00A.M. NEW HOME SALES MoM JUNE 6.70% -32.70% 10:30A.M. DALAS FED MANF. ACTIVITY JULY -4.00% HAVE A GREAT DAY & GOOD LUCK

FOREX QUICK: USING FIBONACCI TOOLS Posted: 26 Jul 2010 05:05 AM PDT FOREX QUICK: USING FIBONACCI TOOLS IN METATRADER 4 by Shawn Powell

Usd/Jpy below 200 hour M/A Posted: 26 Jul 2010 12:50 AM PDT Usd/Jpy has been under some pressure the last couple of  hours and has pushed below its 200 hour M/A of  87.30. If it holds below the pair should test its 100 hour M/A at 87.08. More support can be found at 86.74, an area of past hourly lows. If the pair holds a  move back up to 87.67 is likely.

Once bearish financial institutions turn into Euro bulls Posted: 25 Jul 2010 11:40 PM PDT Many financial institutions have been raising there outlook on the Eur/Usd. BNP Paribas scaled back its forecast for a decline in the euro on July 23, saying it will fall to $1.12 in the first quarter, from a previous prediction of parity. Wells Fargo raised its six-month euro forecast to $1.24 from $1.20 citing the main positives for the euro have been stronger-than- expected euro economic numbers and a recovery in risk appetite. Weaker U.S growth forecasts have added to the recent strength of the Eur/Usd pair as seen by Golman Sachs who reversed there outlook on the pair twice in 2 months. The New York- based bank says the shared currency will reach $1.22 in three months, $1.35 in six months and $1.38 in a year. The euro bears turning bullish, only time will tell if they are correct.

7-26 Economic Calendar Posted: 25 Jul 2010 09:18 PM PDT

Aussie PPI q/q Posted: 25 Jul 2010 06:57 PM PDT The AUD traded lower after Australina PPI came in at 0.3%; worse than the survey of 1.2% and prior showing of 1.0%.

Japanese Trade Balance Posted: 25 Jul 2010 05:29 PM PDT The market showed a limited reaction to Japan’s June trade balance which came in at 0.46T versus the forecast of 0.54T and prior reading of 0.32T.

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