Forex Market Updates & Commentary

---

• Another disappointment or is it just intraday consolidation time.
• USDCAD below 200 hour MA, above 100 day MA. A break of 1.0317 eyed
• Gains in Capacity and Industrial Production helped by auto
• US Industrial Production Rises along with Capacity Utilization
• The NY Morning Forex Commentary. USDCAD tests 200 hour MA support
• Industrial Production & Capacity Utilization Data 8:30AM
• USDJPY and the major JPY crosses coiling for a move?
• Canada Manufacturing Stronger
• Weak 8:30AM US Data
• EURUSD finds support against the 100 hour MA
• Bobbys Corner-Open Market-August.17.2010
• US PPI, Housing Starts & Building Permits Due at 8:30AM
• Canada Manufacturing Sales & International Securities Transactions Data at 8:30AM
• NY Opening Forex Commentary: USDJPY nervous. EURUSD extends above 100 hour MA
• Eur/Usd looking bullish from a daily perspective

Another disappointment or is it just intraday consolidation time. Posted: 17 Aug 2010 06:53 AM PDT The USDJPY broke above the 85.37 but failed to get above the 200 hour MA at the 85.57 level. Disappointing for the bulls. Stay above 85.30 still alive. EURUSD holds 100 hour MA and moves up to the first target at 1.2905. Level holds and market rotates back lower. Disappointing. Stay above 1.2870 bullishness stays alive. GBPUSD moves above 100 hour MA but cannot close above 100 hour MA (yet) at 1.5626. Disappointing. USDCAD is below the 200 hour MA (1.0337) but can it get through the 100 day MA at 1.0317. Still maintains bearish march. Stay below 1.0342 keeps bearishness alive.

USDCAD below 200 hour MA, above 100 day MA. A break of 1.0317 eyed Posted: 17 Aug 2010 06:35 AM PDT

Gains in Capacity and Industrial Production helped by auto Posted: 17 Aug 2010 06:20 AM PDT The Industrial Production and Capacity Utilization was better than expected at with Industrial Production increasing by 1.0% and Capacity Utilization rising to 74.8. The gains were helped by an increase in Auto production as fewer manufacturers were closed for re-tooling this year. We saw this in the weekly initial claims data in the early part of July. Ex Auto the Industrial Production would have been up 0.6 vs a -0.3% decline in June. The Capacity Utilization rise to 74.8 - the highest level since October 2008. Good news but still well off the 80 level which is around the average over the last 20 years. Overall, despite the auto distortions, the report is positive and as a result, the EURUSD is moving higher. The USDJPY and Yen crosses have moved higher. The EURUSD is also testing 1.2900. The 1.2905 to 1.2931 is the next targets for the pair. Ultimately the 1.2962 level, the 38.2% retracement is the major target.

US Industrial Production Rises along with Capacity Utilization Posted: 17 Aug 2010 06:17 AM PDT Industrial Production:    Survey: 0.5%    Actual: 1.0%    Prior: 0.1%   Revised: -.1% Capacity Utilization:   Survey: 74.6%    Actual: 74.8%    Prior: 74.1%

The NY Morning Forex Commentary. USDCAD tests 200 hour MA support Posted: 17 Aug 2010 06:08 AM PDT

Industrial Production & Capacity Utilization Data 8:30AM Posted: 17 Aug 2010 05:48 AM PDT

USDJPY and the major JPY crosses coiling for a move? Posted: 17 Aug 2010 05:43 AM PDT

Canada Manufacturing Stronger Posted: 17 Aug 2010 05:34 AM PDT International Securities Transactions:        Survey:   10.000B      Actual: 5.389B     Prior: 23.156B      Revised: 23.043B Manufacturing Sales(MoM):      Survey:   -0.5%        Actual: .1%         Prior:  0.4%         Revised: .5%

Weak 8:30AM US Data Posted: 17 Aug 2010 05:33 AM PDT Producer Price Index (MoM):     Survey: 0.2%    Actual: 0.2%       Prior: -.5%   PPI Ex Food & Energy (MoM):    Survey: 0.1%    Actual: 0.3%       Prior: 0.1%    Producer Price Index (YoY):     Survey: 4.2%    Actual: 4.2%      Prior: 2.8%    PPI Ex Food & Energy (YoY):     Survey: 1.3%    Actual: 1.5%    Prior: 1.1%    Housing Starts:    Survey: 560K    Actual: 546K    Prior: 549K    Revised: 537K Housing Starts (MoM)%:    Survey: 2.0%    Actual: 1.7%    Prior: -5.0%    Revised: -8.7%  Building Permits:    Survey: 580K    Actual: 565K    Prior: 586K    Revised: 583K Building Permits (MoM)%:    Survey: -0.5%    Actual: -3.1%    Prior: 2.1%    Revised: 1.6%

EURUSD finds support against the 100 hour MA Posted: 17 Aug 2010 05:15 AM PDT

Bobbys Corner-Open Market-August.17.2010 Posted: 17 Aug 2010 05:09 AM PDT Good Morning: The JPY and USD lost some ground overnight, as positive equity markets reduced demand for the safe haven of these currencies.  The overall rise in the Yen is causing concerns from the Japanese Government, and may prompt calls to slow the acceleration.   The Euro rose a bit even as the ZEW survey was mixed, but it seems that the German and French economies are showing good signs for a recovery.  Next week’s IFO data will give investors a clearer picture of economic growth in the Euro region. Asian equity markets were mostly higher-and European stocks are positive across the board.  US Futures are also pointing to a higher opening this morning. Oil:$75.99                                                        Gold:$1229.90  TIME FOR  EST PRIOR 08:30AM PRODUCER PRICE INDEX (MoM)  JULY  O.2%   -O.5% 08:30AM PPI EX FOOD & ENERGY (MoM)  JULY  O.2%  O.1% 08:30AM PRODUCER PRICE INDEX (YoY)  JULY  4.2O%  2.8O% 08:30AM PPI EX FOOD & ENERGY (YoY)  JULY  1.3O%  1.1O% 08:30AM HOUSING STARTS  JULY  56OK  549OK  08:30AM HOUSING STARTS (MoM)  JULY   2.O%     -5.O%  08:30AM BUILDING PERMITS  JULY      577OK     586OK  08:30AM BUILDING PERMIT MoM  JULY    2.O%  2.1O%  09:15AM INDUSTRIAL PRODUCTION      JULY   O.5%     O.1%  09:15AM CAPACITY UTILIZATION JULY  74.5O%     74.1O% HAVE A GREAT DAY & GOOD LUCK

US PPI, Housing Starts & Building Permits Due at 8:30AM Posted: 17 Aug 2010 05:00 AM PDT

Canada Manufacturing Sales & International Securities Transactions Data at 8:30AM Posted: 17 Aug 2010 04:54 AM PDT

NY Opening Forex Commentary: USDJPY nervous. EURUSD extends above 100 hour MA Posted: 17 Aug 2010 04:35 AM PDT

Eur/Usd looking bullish from a daily perspective Posted: 17 Aug 2010 02:21 AM PDT Eur/Usd is trading well above its 100 day M/A of  1.2789 and has some light resistance at 1.2930. A move above this level may bring the pair to 1.3125-30, with not much resistance in between. If the pair comes off 1.2800 down to 1.2780 is very strong support.

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