Thursday, October 21, 2010

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

EURUSD moves higher on light trade. Back above 1.4004

Posted: 21 Oct 2010 07:19 AM PDT

Philly Fed a touch better (Components), Leading indicators moderate gain

Posted: 21 Oct 2010 07:08 AM PDT

US Leading Indicators Stay the Same as Philadelphia Fed Turns Lower

Posted: 21 Oct 2010 07:01 AM PDT

Philadelphia Fed:     Survey: 2.0      Actual: 1.0       Prior:  -0.7

Leading Indicators:    Survey: 0.3%     Actual:  0.3   Prior:  0.3%    Revised 0.1%

US Leading Indicators Along with Philadelphia Fed at 10AM

Posted: 21 Oct 2010 06:22 AM PDT

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NY Morning Forex Commentary. Dollar turns neutral

Posted: 21 Oct 2010 06:20 AM PDT

GBPUSD at key technical level. It needs a shove one way or the other

Posted: 21 Oct 2010 06:00 AM PDT

EURUSD back below 1.4000

Posted: 21 Oct 2010 05:51 AM PDT

Forex Morning Report- Oct 21

Posted: 21 Oct 2010 05:50 AM PDT

Forex Morning Report- Oct 21

Canada Leading Indicators Drop

Posted: 21 Oct 2010 05:36 AM PDT

Canada leading indicators fall to -.1% vs. a projected 0.2%, with prior indicators showing 0.5% and a revision of .6%

US Jobless Claims Decrease as Continuing Claims go Slightly Higher

Posted: 21 Oct 2010 05:31 AM PDT

Jobless Claims:     Survey: 455K    Actual: 452K    Prior: 462K    Revised: 475K   

Continuing Claims:      Survey: 4420K    Actual: 4441K    Prior: 4399K    Revised: 4450K

NY Opening Commentary: Geithner, China, and the strong EURO (weak GBP and USD)

Posted: 21 Oct 2010 05:04 AM PDT

US Jobless Claims & Continuing Claims to be Released at 8:30AM

Posted: 21 Oct 2010 04:56 AM PDT

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Canada Leading Indicators Data at 8:30AM

Posted: 21 Oct 2010 04:52 AM PDT

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UK Retail Sales

Posted: 21 Oct 2010 01:41 AM PDT

UK Retail Sales came in at -0.2%, weaker than the 0.4% expected.

Under normal circumstances Gbp should be sold on the heels of this data. In this case traders see this bad economic data as further support for QE thus lessening the affect to the currency.

Gbp/Usd trades at 1.5795.

Eurozone Flash PMI

Posted: 21 Oct 2010 01:09 AM PDT

Eurozone Manufacturing PMI came in at 54.1, stronger than the 53,2 expected.

Services PMI came in at 53.2, weaker than the 53.8 expected.

Eur/Usd continues to make new highs as the pair currently trades at 1.4033.

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