Forex Market Updates & Commentary |  |
- US Consumer Confidence and Richmond Fed Data Weak
- US Consumer Confidence & Richmond Fed Data at 10AM
- Forex Morning Report- Sept 28
- Bank Of England’s Posen on the Wires
- US S&P/CaseShiller Overall Data Decent
- US CaseShiller Data Due at 9AM
- CBI Realized Sales Better Than Expected
- Euro Gains on Fitch Comments
- UK CBI In Less Than 1 Hour…
- UK Current Account Better Than Expected & Final GDP As Expected
- ECB’s Mersch
- USD/JPY Trading Sideways
- Also Being Released at 4:30….
- Eur/Usd testing 100 hour M/A
- UK Current Account Due Out at 4:30 EST
| US Consumer Confidence and Richmond Fed Data Weak Posted: 28 Sep 2010 07:01 AM PDT Consumer Confidence: Survey: 52.1 Actual: 48.5 Prior: 53.5 Revised: 53.2 Richmond Fed Manufacturing Index: Survey: 6 Actual: -2 Prior: 11 |
| US Consumer Confidence & Richmond Fed Data at 10AM Posted: 28 Sep 2010 06:49 AM PDT
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| Posted: 28 Sep 2010 06:25 AM PDT Forex Morning Report- Sept 28 |
| Bank Of England’s Posen on the Wires Posted: 28 Sep 2010 06:04 AM PDT Bank of England’s Posen: Further easing should be taken. |
| US S&P/CaseShiller Overall Data Decent Posted: 28 Sep 2010 06:02 AM PDT S&P/CaseShiller Home Price Ind: Actual: 148.91 Prior: 147.97 Revised: 147.95 S&P/CS 20 City (MoM%) SA: Survey: -0.10% Actual: -.13 Prior: 0.28% Revised: .24 S&P/CS Composite-20 (YOY): Survey: 3.10% Actual: 3.18% Prior: 4.23% Revised: 4.21 |
| US CaseShiller Data Due at 9AM Posted: 28 Sep 2010 05:06 AM PDT
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| CBI Realized Sales Better Than Expected Posted: 28 Sep 2010 03:01 AM PDT The pound is continuing its run after CBI came in at 49 versus the survey of 27 and prior showing of 35. |
| Posted: 28 Sep 2010 02:58 AM PDT The Euro has been trading continually higher after Fitch stated that Ireland may not suffer further downgrades if a favorable cost plan can be designed for Anglo Irish Bank. |
| Posted: 28 Sep 2010 02:11 AM PDT
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| UK Current Account Better Than Expected & Final GDP As Expected Posted: 28 Sep 2010 01:33 AM PDT GBP traded higher after current account came in at -7.4B; much better than the forecast and prior reading of -9.60B, The final GDP reading was in line at 1.2%. Following these releases the GBP made gains against all of the major currencies making a new session high of 1.5841 against the USD.
After finding some hourly support at 1.57793, the pair has advanced against the USD. If the upward momentum continues, we may see the pair revisit the 1.58650 level. |
| Posted: 28 Sep 2010 01:13 AM PDT
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| Posted: 28 Sep 2010 12:40 AM PDT Following the BOJ intervention early Friday morning, the pair over corrected itself as the market saw a good opportunity to sell; the pair then traded down to 84.110. Following the move, the pair has tested the 84.110 low twice and has traded inside of a 30 point range for the past 24 hours. Resistance is being shown at the 84.410 level, which is the 23.6 fibo line on the move from the high of 85.380 to the low of 84.110 on the 24th. Adding to that resistance is the 100 hour moving average which comes in at 84.416.
A break through to the upside may see the pair visit the 38.2% line at 84.595. A push lower may see further intervention…. |
| Posted: 28 Sep 2010 12:08 AM PDT
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| Posted: 28 Sep 2010 12:08 AM PDT Eur/Usd is testing its 100 hour M/A of 1.3404. If the pair can break below the next support lies at 1.3350-55 level. If Eur/Usd holds a move back up to 1.3460-65 is likely.
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| UK Current Account Due Out at 4:30 EST Posted: 27 Sep 2010 11:59 PM PDT
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