Forex Market Updates & Commentary

---

• BANG! EURUSD hits 200 hour MA and stops again
• Forex Morning Report- Sept 9
• Better US data moves EURUSD and USDJPY higher. Will it last
• Canada House Price Index & Trade Balance Weaker
• US Jobless Claims Data Stronger
• Canada Housing Starts Released Lower
• Trade Balance, Jobless & Continuing Claims data at 8:30AM
• Canada Trade Balance & New Housing Index at 8:30AM
• Canada Housing Data due at 8:15AM
• NY Opening Commentary. Key levels remain in play today
• UK Official Bank Rate Unchanged at 0.50%
• ECB’s Mersch Comments:
• UK Trade Balance Worse Than Expected
• ECB Monthly Bulletin
• Portugal’s Dos Santos on the wires

BANG! EURUSD hits 200 hour MA and stops again Posted: 09 Sep 2010 07:03 AM PDT

Forex Morning Report- Sept 9 Posted: 09 Sep 2010 06:25 AM PDT Forex Morning Report- Sept 9

Better US data moves EURUSD and USDJPY higher. Will it last Posted: 09 Sep 2010 05:44 AM PDT The US had better trade and better Initial Claims. It should lead move outside the range, but will it? You need to watch the key technical levels for clues.

Canada House Price Index & Trade Balance Weaker Posted: 09 Sep 2010 05:33 AM PDT New House Price Index-      Survey:   0.1%                Actual:   -0.1             Prior:   0.1%                 Merchandise Trade-       Survey:  0.8B                 Actual:  -2.7B             Prior:   -1.1B                 Revised: -1.8B

US Jobless Claims Data Stronger Posted: 09 Sep 2010 05:31 AM PDT Trade Balance:         Survey:  -47.0B           Actual:  -42.8B             Prior:  -49.9B               Revised:   -49.8B Jobless Claims:             Survey: 470K        Actual:  451K         Prior: 472K        Revised:  478K    Continuing Claims:                  Survey: 4450K         Actual:  4478K         Prior: 4456K          Revised:  4480K

Canada Housing Starts Released Lower Posted: 09 Sep 2010 05:15 AM PDT

Trade Balance, Jobless & Continuing Claims data at 8:30AM Posted: 09 Sep 2010 05:01 AM PDT

Canada Trade Balance & New Housing Index at 8:30AM Posted: 09 Sep 2010 04:56 AM PDT

Canada Housing Data due at 8:15AM Posted: 09 Sep 2010 04:53 AM PDT

NY Opening Commentary. Key levels remain in play today Posted: 09 Sep 2010 04:42 AM PDT

UK Official Bank Rate Unchanged at 0.50% Posted: 09 Sep 2010 04:00 AM PDT The Bank of England left its overnight rate unchanged at 0.50% and the asset purchase facility will remain at 200B.

ECB’s Mersch Comments: Posted: 09 Sep 2010 02:07 AM PDT The market push up the euro nearly 30 points after the release of the following comments by the ECB’s Mersch stating that he now sees first signs of a broad based recovery in the Eurozone. He also made the following remarks: Sees gradual phasing out of emergency measures. Econmmic situation demands caution and prudence. ECB aims to restore normal market functioning. Euro regions Q2 GDP points to a self-sustaining recovery. Current interest rates remain appropriate. Not prudent to make future projections based on Q2. To do as needed to help market recovery. Seeing signs of improvement in financial markets.

UK Trade Balance Worse Than Expected Posted: 09 Sep 2010 01:36 AM PDT The GBP sold off moderately against all the major currencies after July’s trade balance came in at -8.7b; worse than the prior reading of -7.4B and forecast of -7.5B. Following the release, the pound made a new session low of 1.5378 against the USD.

ECB Monthly Bulletin Posted: 09 Sep 2010 01:16 AM PDT Will extend emergency bank lending into 2011. The benchmark rate is appropriate. See moderate economic recovery in Euro region. Inflation expectations are firmly anchored. The risk for inflation outlook is slightly tilted to the upside. Global economic growth and momentum is moderating somewhat.

Portugal’s Dos Santos on the wires Posted: 08 Sep 2010 11:17 PM PDT Portugal’s Dos Santos had this to say today in Macau; * international markets are very volatile * European sovereign debt under stress * Portugal’s growth is picking up * Portugal doesn’t have a housing bubble * Portugal doesn’t need new capital injection; country cannot default * Portugal working to reduce deficit * sees sufficient demand for Portuguese bonds

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