Forex Market Updates & Commentary

USDJPY in narrow consolidating range today
Noda on the wires…
Watching 1.5647-49 level in the GBPUSD for intradday clues
USDCAD tests key upside resistance levels after break above trendline
University of Michigan Confidence
Irish official on newswire
USDCHF corrects lower on safe haven flows
Forex Morning Report- Sept 17
Japan PM Kan Comments on Intervention
CPI As Expected
Bobbys Corner-Open Market-Sept.17.2010
EURUSD continues sharp fall in NY trade. Tests trendline support
Michigan Consumer Sentiment index due at 9:55 AM
US CPI due out at 8:30 AM
Eurozone Current Account

USDJPY in narrow consolidating range today

Posted: 17 Sep 2010 07:22 AM PDT

Posted: 17 Sep 2010 07:14 AM PDT

Japan PM Noda made comments earlier that he is worried about long term yen strength, and is thinking about bringing up Yen discussions at G-7 and G-20 meetings.

Watching 1.5647-49 level in the GBPUSD for intradday clues

Posted: 17 Sep 2010 07:11 AM PDT

USDCAD tests key upside resistance levels after break above trendline

Posted: 17 Sep 2010 07:02 AM PDT

University of Michigan Confidence

Posted: 17 Sep 2010 06:56 AM PDT

September’s University of Michigan confidence number came in worse than expected at 66.6 versus the survey of 70.0 and prior showing of 68.9.

Irish official on newswire

Posted: 17 Sep 2010 06:38 AM PDT

Irish official says there is no truth to rumor of IMF bailout. The EURUSD has moved up in the last 15 or so minutes perhaps in anticipation of the comment. The next target on the topside is the 1.3098 level where the 200 bar MA and the 50% retracement is found. Watch the key boardline level. We should see sellers against the level with stops on a move above.

fxdd-pic-1053

USDCHF corrects lower on safe haven flows

Posted: 17 Sep 2010 06:32 AM PDT

Forex Morning Report- Sept 17

Posted: 17 Sep 2010 06:30 AM PDT

Forex Morning Report- Sept 17

Japan PM Kan Comments on Intervention

Posted: 17 Sep 2010 06:07 AM PDT

Japanese Prime Minister Naoto Kan released comments this morning stating that the volatile movements in the currency markets are understandable and that he will keep a decisive stance on JPY intervention. He also noted that he will continue to take bold measures as needed.

CPI As Expected

Posted: 17 Sep 2010 05:38 AM PDT

The CPI reading out of the U.S, both monthly and yearly, came in as expected at 0.3% and 1.1% respectively. The full details are as follows:

CPI (m/m) - Survey: 0.3% Actual: 0.3% Prior: 0.3%
CPI (ex food and energy) - Survey: 0.1% Actual: 0.0% Prior: 0.1%
CPI (y/y) - Survey: 1.1% Actual: 1.1% Prior: 1.2%
CPI (ex food and energy) - Survey: 1.1% Actual: 1.1% Prior: 0.9%.

Following the release, the EUR and GBP traded slightly higher. The University of Michigan sentiment and inflation expectations surveys are due out next at 9:55 EST.

Bobbys Corner-Open Market-Sept.17.2010

Posted: 17 Sep 2010 05:33 AM PDT

Good Morning:

The JPY lost some ground overnight-as market participants po0nder if the BOJ will continue to see the YEN.
Commodity currencies were the overall winner-as the Aussie hit a 2010 high, and Kiwi picked up the losses from the past day or so.
The Euro was stronger overnight-but has since given back some of the gains, ahead of this morning’s data.

Equities were higher overall-and US Futures are also pointing to a positive opening this morning.
Better than expected results from RIM and Oracle helped the markets rally.

Gold continues to set new record highs.

Oil:$74.53 Gold:$1278.10

TIME		FOR	EST.	PRIOR
8:30A.M.	CPI MoM	AUG	0.30%	0.30% .3%
8:30A.M.	CPI EX FOOD & ENERGY MoM	AUG	0.10%	0.10%
8:30A.M.	CPI YoY	AUG	1.10%	1.20%
8:30A.M.	CPI EX FOOD 7 ENERGY YoY	AUG	1.00%	0.90%
8:30A.M.	CPI CORE INDEX SA	AUG		221.676.
8:30A.M.	CPI NSA	AUG	218.324.	218.O11
9:55A.M.	U. OF MICHIGAN CONFIDENCE	SEP P	7O.O	68.9O