Forex Market Updates & Commentary |  |
- New Home Sales Rise
- Forex Morning Report- Oct 27
- New Home Sales Numbers at 10AM
- Rebroadcast of Oct 26th 2010 FXDD Webinar
- Bobbys Corner-Open Market-Oct.27.2010
- US Durable Goods Data Comes in with Stronger Data
- US Durable Goods Orders Data due at 8:30AM
- EU sees Euro at natural, spontaneous level
- MPC Member Bean Speaks
- Eurozone M3 Money Supply
- ECB’s Stark on the wires
- French Consumer Spending
- NDRC; inflation under control for balance of year
- Usd/Jpy from a daily perspective
- 10-27 Economic Calendar
| Posted: 27 Oct 2010 07:05 AM PDT New Home Sales: Survey: 300K Actual: 307K Prior: 288K New Home Sales(MoM): Survey: 4.2% Actual: 6.6% Prior: 0.0% Revised: 1.1% Septembers month supply comes in at 8.0 vs. an August month supply of 8.6, showing a lower figure in September means the housing market is improving with less housing available on the market. The Average house price in September was $257,500 dropping from $260,500 in August. Median Price rising from $220,500 in August to $223,000. Home sales showing slight improvement in the US. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 27 Oct 2010 06:46 AM PDT Forex Morning Report- Oct 27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| New Home Sales Numbers at 10AM Posted: 27 Oct 2010 06:45 AM PDT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rebroadcast of Oct 26th 2010 FXDD Webinar Posted: 27 Oct 2010 06:00 AM PDT
Rebroadcast of Oct 26th 2010 FXDD Webinar- Click here to watch. You will need to register. Summary: Trade Entry and Rules for better trading are explained in this fun and informative webinar. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bobbys Corner-Open Market-Oct.27.2010 Posted: 27 Oct 2010 05:34 AM PDT
The greenback rose on the heels of lower equity and US Treasury prices. The size of the Feds QE2 program and the scope of this program is now being questioned-as market participants are trying to get a handle on what the Fed will actually do with the QE2 program, will they commit a few hundred million USD or upward of 1 trillion USD-that is the question. Equity markets are lower-as are US Futures. Oil:$81.67 Gold:$1331.70
HAVE A GREAT DAY & GOOD LUCK | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| US Durable Goods Data Comes in with Stronger Data Posted: 27 Oct 2010 05:32 AM PDT Durable Goods Orders: Survey: 2.0% Actual: 3.3% Prior: -1.3% Revised: -1.0% Durables Ex Transportation: Survey: 0.5% Actual: -.8 Prior: 2.0% Revised: 1.9% Cap Goods Orders Nondef Ex Air: Survey: 0.8% Actual: -.6% Prior: 4.1% Revised: 4.8% Cap Goods Ship Nondef Ex Air: Actual: .4% Prior: 1.6% Revised: 1.3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| US Durable Goods Orders Data due at 8:30AM Posted: 27 Oct 2010 05:12 AM PDT
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| EU sees Euro at natural, spontaneous level Posted: 27 Oct 2010 02:38 AM PDT This according to an EU diplomat who adds a number of currencies are misaligned. Eur/Usd is currently trading at 1.3825 up 20 points since news. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 27 Oct 2010 02:17 AM PDT BoE Deputy Gov. Charles Bean says data shortfalls cloud outlook for U.K. inflation. Here are some bullet points from speech delivered in London; * consumer spending fell in slump on savings increase * labor market suggests modest spare capacity; judging spare capacity difficult * slack is key in assessing CPI pressure, deficit * weak U.K. productivity growth points to more slack * investment has indeed fallen sharply | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 27 Oct 2010 01:02 AM PDT Eurozone M3 Money Supply y/y came in at 1.0%, weaker than the 1.4% expected and prior reading of 1.1%. Eur/Usd currently trades at 1.3810. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 27 Oct 2010 12:52 AM PDT * crisis not over despite string of positive signals * remaining ECB measures won’t be kept longer than needed * ECB’s accommodative policy still appropriate * ECB sees neither inflation or deflation risks * keeping rates low for too long has potential risks * Euro-Area recovery may slow but will continue This news propelled Eur/Usd above 1.3800. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 26 Oct 2010 11:49 PM PDT French Consumer Spending m/m came in at 1.5%, stronger than the 0.5% expected and prior reading of -1.6%. Eur/Usd made new lows just prior to release at 1.3784. The pair currently trades at 1.3792. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NDRC; inflation under control for balance of year Posted: 26 Oct 2010 10:46 PM PDT China’s National Development and Reform Commission infers that inflation will remain under control for the remainder of the year and that economic growth will remain strong. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Usd/Jpy from a daily perspective Posted: 26 Oct 2010 10:42 PM PDT After making a new low of 80.40 2 days ago Usd/Jpy has began to strengthen. The pair is at its session high of 80.75 and seems poised to make a run at 82.00. Next resistance is 82.50-55 which signifies the 38.2% Fibo of move down from 85.92 to 80.40. If the pair reverses 81.25-30 should act as support.
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| Posted: 26 Oct 2010 08:52 PM PDT
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