Forex Market Updates & Commentary

---

• Forex Quick: USD/CAD profit taking as US data better.
• US Consumer Confidence and Richmond Fed Fall Slightly
• Forex Quick: EUR/USD US pushes the pair lower
• Consumer Confidence & Richmond Fed Manufacturing Data due at 10AM
• FXDD Live Training Saturday July 31 2010 Los Angeles CA with Greg Michalowski
• Forex Morning Report- July 27
• US S&P CaseShiller Data Better Across the Board
• Bobbys Corner-Open Market-July.27.2010
• US S&P CaseShiller Home Price Index Due at 9AM
• UK CBI Realized Sales
• Eurozone M3 Money Supply y/y
• CHF weakens dramatically
• Loonie Finding Some Support Around 1.0306
• Swiss UBS Consumption Indicator
• GfK German Consumer Climate/ Import Prices

Forex Quick: USD/CAD profit taking as US data better. Posted: 27 Jul 2010 07:09 AM PDT Forex Quick: USD/CAD profit taking as US data better.

US Consumer Confidence and Richmond Fed Fall Slightly Posted: 27 Jul 2010 07:03 AM PDT

Forex Quick: EUR/USD US pushes the pair lower Posted: 27 Jul 2010 06:40 AM PDT Forex Quick: EUR/USD US pushes the pair lower

Consumer Confidence & Richmond Fed Manufacturing Data due at 10AM Posted: 27 Jul 2010 06:38 AM PDT

FXDD Live Training Saturday July 31 2010 Los Angeles CA with Greg Michalowski Posted: 27 Jul 2010 06:20 AM PDT CLICK HERE TO REGISTER Date: Saturday, July 31st Location: Los Angeles Airport Marriott 5855 West Century Boulevard Los Angeles, California 90045 Directions: http://www.marriott.com/hotels/maps/travel/laxap-los-angeles-airport-marriott/ Any questions, feel free to contact me at greg@fxdd.com

Forex Morning Report- July 27 Posted: 27 Jul 2010 06:15 AM PDT Forex Morning Report- July 27

US S&P CaseShiller Data Better Across the Board Posted: 27 Jul 2010 06:01 AM PDT S&P/CaseShiller Home Price Ind:    Survey:      Actual: 146.43      Prior: 144.56    Revised: 144.59     S&P/CS 20 City (MoM%) SA:              Survey:  0.20%     Actual: .47%     Prior:  0.44%     Revised: .61% S&P/CS Composite-20 (YOY):           Survey:  3.85%     Actual:  4.61%     Prior:  3.81%   Revised: 3.83%

Bobbys Corner-Open Market-July.27.2010 Posted: 27 Jul 2010 05:13 AM PDT Good Morning: It was a choppy active overnight session-as EUR/USD traded either side of 1.30-but finally settled into the mid 1.30s.  GBP/USD also bounced around the 1.55 level. The JPY and CHF were lower as evidence that the global recovery is gaining traction led investors to seek higher-yielding assets. Today’s report on US Consumer Confidence is expected to be lower than last month-showing that US consumer’s are not ready to open their wallets all the way yet.  There is still concern about jobs, uncontrollable deficit spending along with the potential for increased taxes. All these obstacles are weighing heavily on the US consumer. Asian equity markets were mixed-Europe is higher-and US Futures are up at this time. Oil:$79.36                                              Gold:$1184.10 TIME FOR  EST PRIOR 9:00A.M. S&P /CASESHILLER HOME PRICE IND. MAY 144.56. 9:00A.M. S&P CS 20 CITY MoM% SA MAY 0.15% 0.44% 9:00A.M. S&P /CS COMPOSITE -20 YoY MAY 3.85% 3.81% 10:00A.M. RICHMOND FED MANUFACT . INDEX JULY  11.O 23.O 10:00A.M. CONSUMER CONFIDENCE JULY  51.O 52.9O HAVE A GREAT DAY & GOOD LUCK

US S&P CaseShiller Home Price Index Due at 9AM Posted: 27 Jul 2010 04:58 AM PDT

UK CBI Realized Sales Posted: 27 Jul 2010 03:03 AM PDT CBI Realized Sales came in at 33, much stronger than the 2 expected and prior reading of -5. Gbp/Usd got a 25 point boost on news as the pair trades at 1.5505.

Eurozone M3 Money Supply y/y Posted: 27 Jul 2010 01:02 AM PDT Eurozone June M3 money supply came in at 0.2%; slightly better than the survey of -0.1% and prior showing of -0.2%.  Private loans (y/y) were 0.3% versus the 0.2% estimate and 0.2% prior reading.

CHF weakens dramatically Posted: 27 Jul 2010 12:58 AM PDT The Swiss Franc has weakened dramatically in recent trade and the Swiss National Bank has declined to comment. Eur/Chf has traded up to 1.3700, a new monthly high, and Usd/Chf to 1.0555.

Loonie Finding Some Support Around 1.0306 Posted: 27 Jul 2010 12:34 AM PDT The USD/CAD pair is testing the 1.0306 level for the second time this trading session with the low being 1.0302. As shown on the 4 hour chart below, 1.0306 was a level of support several times from July 9th to July 15th. If support holds, the target to the upside is 1.0348; the 23.6% fibo line on the move from the July 21st high to yesterday’s low. However, if the pair can close below this level it may be a bearish signal that the pair will trade lower..

Swiss UBS Consumption Indicator Posted: 26 Jul 2010 11:05 PM PDT The Swiss UBS conumption indicator was 1.81; higher than the previous release of 1.74. The franc is currently trading at session lows against the USD.

GfK German Consumer Climate/ Import Prices Posted: 26 Jul 2010 11:03 PM PDT Germany’s GfK consumer climate rose to 3.9 from 3.5 the prior month; better than the survey of 3.6. Additionally, German import prices (m/m) came in at 0.9% versus the forecast of 0.7% and prior showing of 0.6%. Currently, the EUR trades off session highs against the USD.

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610