Monday, October 4, 2010

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Pending Home Sales Improve as Factory Orders Fall Slightly

Posted: 04 Oct 2010 07:02 AM PDT

Factory Orders:                           Survey:  -0.4%   Actual: -0.5 Prior: 0.1%  Revised: .5%

Pending Home Sales(MoM):   Survey: 2.5%   Actual: 4.3%   Prior: 5.2%  Revised: 4.5%

Pending Home Sales(YoY):      Actual: -18.1%   Prior: -20.1%  Revised: -20.7

GBPUSD being pushed higher by EURGBP selling today

Posted: 04 Oct 2010 06:50 AM PDT

Forex Morning Report- Oct 4

Posted: 04 Oct 2010 06:45 AM PDT

Forex Morning Report- Oct 4

Bobbys Corner-Open Market-Oct.4.2010

Posted: 04 Oct 2010 05:24 AM PDT

bob-slade-forex-trading-7-150x200Good Morning:

The Euro lost some steam in overnight trading as a report from the FT stated that Ireland’s budget deficit will be higher than previously forecast.  This adds to  the concern that many of the Euro Zone’s sovereign debt issues will reduce demand for euro based assets.
Also- a bit of profit taking also added to the lower Euro this morning.
The JPY also stopped a 4 day rally versus the USD as speculation mounts that the BOJ may take additional credit-easing measures.  The BOJ is beginning a 2 day meeting-and the main topic is expected to be the need for additional currency intervention or other measures to spur  growth in the world’s 3rd largest economy.

Asian equity markets were mostly higher-and European equity markets were down across the board, as are US Futures at this time.
Oil and Gold maintained their strong levels over the weekend.

Oil:$81.45                                           Gold:$1317.50

TIME FOR EST. PRIOR
10:00A.M FACTORY ORDERS AUG. -0.40% 0.10%
10:00A.M PENDING HOME SALES MoM AUG. 3.50% 5.20%
10:00A.M PENDING HOME SALE YoY AUG. -20.10%

HAVE A GREAT DAY & GOOD LUCK

EURUSD starts the week off weakly

Posted: 04 Oct 2010 05:21 AM PDT

US Factory Orders & Pending Home Sales Data to be Released at 10AM

Posted: 04 Oct 2010 05:05 AM PDT

 

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Eurozone PPI

Posted: 04 Oct 2010 02:01 AM PDT

Eurozone PPI m/m came in at 0.1%, weaker than the 0.2% expected. Y/Y came in at 3.6% as expected.

Eur/Usd currently trades at 1.3680.

Eurozone Sentix Investor Confidence rises 8.8 in October

Posted: 04 Oct 2010 01:41 AM PDT

Eurozone Sentix Investor Confidence Index for October came in at 8.8, stronger than the 8.0 expected and 7.6 prior reading.

Eur/Usd currently trading just off its low at 1.3699.

U.K. Construction PMI

Posted: 04 Oct 2010 01:31 AM PDT

U.K. Construction PMI came in at 53.8, stronger than the 51.4 expected.

Gbp/Usd currently trades at 1.5783.

Eur/Usd threatening a break below support

Posted: 04 Oct 2010 12:42 AM PDT

Eur/Usd is threatening to break below a support level at 1.3710-15, which also signifies the 38.2% fibo (1.3711) of move up from 1.3559 to 1.3806. After breaking above this level on Friday it has been a good area of hourly support. A break below could send the pair down to 1.3675-80. If the pair holds a run back up to 1.3760-65 is likely.

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German bonds rise; 10 year yields fall 2 basis points

Posted: 04 Oct 2010 12:09 AM PDT

10 year yield down 2 basis points to 2.26%. News sends Eur/Usd to fresh low of 1.3735, currently rsiding at 1.3745.

U.K. Chancellor Osborne sees sustainable recovery

Posted: 03 Oct 2010 11:16 PM PDT

In a BBC1 interview U.K. Chancellor Osborne says the U.K. moved out of financial danger zone and its economy is ready for a steady sustainable recovery.

10-4 Economic Calendar

Posted: 03 Oct 2010 09:47 PM PDT

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ANZ commodity prices (m/m) came in at 2.9%

Posted: 03 Oct 2010 07:03 PM PDT
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