Forex Market Updates & Commentary

---

• EURUSD keeps bearish bias in volatile action
• USDCHF: Failed break is a reason to correct
• Existing home sales rebound
• Existing Home Sales & Leading Indicators Data Comes Out Stronger
• Market is nervous above and below 1.3360
• US Existing Home Sales & Leading Indicators Data 10AM
• NY Morning Forex Commentary is available for viewing
• Nope… EURUSD back above resistance at 1.3360
• EURUSD corrects after 10 day rally and 800 pips
• Jobless Claims Rise Along With Continuing Claims
• NY Opening Forex Commentary. EURUSD corrects, GBPUSD remains range bound
• US Initial Jobless Claims and Continuing Claims Data 8:30AM
• Bobbys Corner-Open Market-Sept.23.2010
• British Bankers Association Mortgage Approvals
• BoE Chief economist Dale on the wires

EURUSD keeps bearish bias in volatile action Posted: 23 Sep 2010 07:30 AM PDT

USDCHF: Failed break is a reason to correct Posted: 23 Sep 2010 07:18 AM PDT

Existing home sales rebound Posted: 23 Sep 2010 07:02 AM PDT 11.6 month supply vs 12.5 months. Median Sale price fell to $178,600 from $182,100 Average Sale price fell to $228.700 from $231,700 The better data and the rejection above at the 1.3360 level keeps the correction lower alive for the EURUSD

Existing Home Sales & Leading Indicators Data Comes Out Stronger Posted: 23 Sep 2010 07:01 AM PDT Existing Home Sales:        Survey: 4.10M           Actual: 4.13M           Prior: 3.83M         Revised: 3.84M Existing Home Sales(MoM):     Survey: 7.1%           Actual: 7.6%           Prior: -27.2%         Revised: -27.0% Leading Indicators:    Survey: 0.1%     Actual:  .3%    Prior:  0.1%

Market is nervous above and below 1.3360 Posted: 23 Sep 2010 06:42 AM PDT The word is worry about the EURO dogs like Greece, Portugal, Spain and Ireland. Spreads on debt have been rising vs Germany

US Existing Home Sales & Leading Indicators Data 10AM Posted: 23 Sep 2010 06:23 AM PDT

NY Morning Forex Commentary is available for viewing Posted: 23 Sep 2010 06:20 AM PDT

Nope… EURUSD back above resistance at 1.3360 Posted: 23 Sep 2010 06:15 AM PDT The market does not have the will to buy the dollar in the face of weaker Initial Claims and in front of Existing Home sales.

EURUSD corrects after 10 day rally and 800 pips Posted: 23 Sep 2010 05:41 AM PDT The EURUSD corrects after 10 day rally and 800 pips. The bias remains to the downside today as long as the price stays below the 1.3360 area where the 100 bar MA on the 5 minute chart is found. If so, I expect further profit taking.

Jobless Claims Rise Along With Continuing Claims Posted: 23 Sep 2010 05:30 AM PDT Jobless Claims:             Survey: 450K        Actual:  465K         Prior: 450K        Revised:  453K    Continuing Claims:                  Survey: 4473K         Actual:  4489K         Prior: 4485K          Revised:  4537K

NY Opening Forex Commentary. EURUSD corrects, GBPUSD remains range bound Posted: 23 Sep 2010 05:13 AM PDT

US Initial Jobless Claims and Continuing Claims Data 8:30AM Posted: 23 Sep 2010 04:59 AM PDT

Bobbys Corner-Open Market-Sept.23.2010 Posted: 23 Sep 2010 04:52 AM PDT Good Morning: Today is the first (full) day of Fall.  The Euro lost some steam in overnight trading-as data showed that Europe’s services and manufacturing sectors declined-thus adding to speculation that the Euro Zone’s economic recovery seems to be faltering.  Data from the UK  showed continued weakness in the housing market-but the GBP did not lose much momentum. Today we have data on the US housing sector-and analysts expect an increase over July-but it will be the weakest number in a decade.  Initial jobless claims are expected to stay flat from last weeks data (see below) World equity markets are mostly lower-as reports of slowing growth in global economies have added a bit of fear in the marketplace. US Futures are also lower at this time. Oil:$74.00                                                 Gold:$1293.00      TIME FOR EST. PRIOR 08:30AM INITIAL JOBLESS CLAIMS  SEP 18  45OK    450K 08:30AM CONTINUING CLAIMS  SEP 11  4473K   4485K 10:00AM EXISITNG HOME SALES  AUGUST  4.1OM   3.83M 10:00AM LEADING INDICATORS  AUGUST  O.1%   O.1% HAVE A GREAT DAY & GOOD LUCK

British Bankers Association Mortgage Approvals Posted: 23 Sep 2010 01:38 AM PDT BBA Mortgage Approvals came in at 31,800, weaker than the 32,300 expected and prior reading of 34,200. No major market reaction to number as Gbp/Usd trades at 1.5645.

BoE Chief economist Dale on the wires Posted: 23 Sep 2010 01:15 AM PDT Spencer Dale had this to say in an interview; * U.K. faces substantial headwinds *U.K. decision to cut deficit is correct * banks can’t lend yet * need sustained growth for normal order levels

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