Forex Market Updates & Commentary | ![]() |
- USDCAD falls below key support at 1.0205. Now what?
- Forex Morning Report- August 4th
- GBPJPY tests key 100 day MA at 136.64 after better ADP data
- Rebroadcast of Tuesday August 3rd Webinar
- ADP Employment Data Higher
- Bobbys Corner-Open Market-August.4.2010
- US ADP Employment Change due at 8:15AM
- Challenger Job cuts fall 57.2% from last year
- The NY Opening Forex Commentary is available for viewing
- Eurozone Retail Sales
- UK Services PMI
- Noda on the wires…
- Eurozone Final Services PMI
- UK Halifax HPI
- USD/JPY Under Pressure
USDCAD falls below key support at 1.0205. Now what? Posted: 04 Aug 2010 06:51 AM PDT | |||||||||||||||||||||||||||||||||||
Forex Morning Report- August 4th Posted: 04 Aug 2010 06:35 AM PDT Forex Morning Report- August 4th | |||||||||||||||||||||||||||||||||||
GBPJPY tests key 100 day MA at 136.64 after better ADP data Posted: 04 Aug 2010 05:42 AM PDT | |||||||||||||||||||||||||||||||||||
Rebroadcast of Tuesday August 3rd Webinar Posted: 04 Aug 2010 05:25 AM PDT Rebroadcast of Tuesday August 3rd Webinar- Click here to watch (You must register if you did not attend) | |||||||||||||||||||||||||||||||||||
Posted: 04 Aug 2010 05:19 AM PDT | |||||||||||||||||||||||||||||||||||
Bobbys Corner-Open Market-August.4.2010 Posted: 04 Aug 2010 05:05 AM PDT
The JPY rose against all currencies as speculation mounts that the US economy is slowing, and that the Fed will introduce some additional monetary easing policies. Overall the USD fared well, except versus the Yen. Asian equity markets were mixed, and European markets are lower. US Futures are also lower this morning. Oil:$82.34 Gold:$1198.00
HAVE A GREAT DAY & GOOD LUCK | |||||||||||||||||||||||||||||||||||
US ADP Employment Change due at 8:15AM Posted: 04 Aug 2010 05:02 AM PDT | |||||||||||||||||||||||||||||||||||
Challenger Job cuts fall 57.2% from last year Posted: 04 Aug 2010 04:44 AM PDT Last month the decline came in at -47.1%. Total cut announcements totaled 41,676 which was up from 39,358 announcements last month. Later this morning at 8:15 we have ADP EMployment Change with an estimate of 30K Private Job gains versus 13K last month. The Labor Department estimate for Private Employment is expected to come in at 90K. | |||||||||||||||||||||||||||||||||||
The NY Opening Forex Commentary is available for viewing Posted: 04 Aug 2010 04:39 AM PDT | |||||||||||||||||||||||||||||||||||
Posted: 04 Aug 2010 02:03 AM PDT July retail sales in the Eurozone came in slightly better than expected. The details are as follows:
There was some buying during the 10 minutes leading up to the release, but minimal movement after. | |||||||||||||||||||||||||||||||||||
Posted: 04 Aug 2010 01:30 AM PDT UK Services PMI came in at 53.1, weaker than the 54.5 expected. Gbp/Usd is off 25 points thus far, currently trading at 1.5911. | |||||||||||||||||||||||||||||||||||
Posted: 04 Aug 2010 01:23 AM PDT Speaking to reporters in Tokyo, Japanese Finance Minister Noda commented that excessive currency movements are bad for the economy and he is carefully monitoring the financial markets. Also, low yields are good for the government and their impact is closely monitored. | |||||||||||||||||||||||||||||||||||
Posted: 04 Aug 2010 01:02 AM PDT The market showed a minimal reaction following the final services PMI out of the Eurozone which came in at 55.8; slightly worse than the survey and prior showing of 56.0. The euro is currently trading on session lows against the USD. | |||||||||||||||||||||||||||||||||||
Posted: 03 Aug 2010 11:02 PM PDT The British pound traded slightly higher after the UK’s July house prices came in much better than expected. The details are as follows:
The GBP is currently trading off session lows against the USD. | |||||||||||||||||||||||||||||||||||
Posted: 03 Aug 2010 10:00 PM PDT After trading continually lower today, the USD/JPY is now approaching a full daily retracement on the move from the low on November 27, 2009 to the high on May 6, 2010. The pair has not traded below this level since the summer of 1995. If the pair continues through the 84.80 level, we should see much more volatile trading as there is no support in sight. |
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