Forex Market Updates & Commentary

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• Forex Morning Report- Nov 10
• Stanford’s John Taylor Speaks with CNBC
• Canada Trade Balance Slips
• US Trade Balance & Jobless Claims Improve while Price Index Falls
• Rebroadcast of FXDD Tuesday Nov 9 2010 Webinar
• US Trade Balance, Import Price Index & Jobless Claims Data due at 8:30AM
• Canada Merchandise Trade Data due at 8:30AM
• Sterling stegnthens on BoE inflation report
• Merkel on the wires
• French Industrial Production
• German WPI
• French CPI
• Japanese Household Connfidence as expected
• 11-10 Economic Calendar
• USD/CHF Against ST Trendline Resistance

Forex Morning Report- Nov 10 Posted: 10 Nov 2010 06:45 AM PST Forex Morning Report- Nov 10

Stanford’s John Taylor Speaks with CNBC Posted: 10 Nov 2010 06:25 AM PST Doesn’t see QE2 doing much good for economy ‘Even more so’ concerned about QE2 On QE2 moves: ‘I don’t see them as helping’ QE2 will make it more difficult for other countries Says QE2 reflects ’short term thinking’ He is concerned about inflation getting out of hand Expects ‘change in sentiment’ on FOMC Possibility of adjustments in QE2 Says fed may not buy full $600 billion in treasuries

Canada Trade Balance Slips Posted: 10 Nov 2010 05:34 AM PST

US Trade Balance & Jobless Claims Improve while Price Index Falls Posted: 10 Nov 2010 05:33 AM PST Trade Balance:  Survey:  -45.0B    Actual:  -44.0B    Prior:  -46.3B   Revised:  -46.5B Import Price Index(MoM):   Survey:  1.2%    Actual: .9%    Prior: -0.3%   Revised: -0.1% Jobless Claims:  Survey: 450K    Actual:  435K   Prior: 457K    Revised:  459K    Continuing Claims:  Survey: 4305K    Actual:  4301K    Prior: 4340K   Revised:  4387K Import Price Index(YoY):    Survey: 3.9%    Actual: 3.6%    Prior: 3.5%      Jobless Claims Hits lowest level since July.

Rebroadcast of FXDD Tuesday Nov 9 2010 Webinar Posted: 10 Nov 2010 05:00 AM PST FXDD live webinar rebroadcast from November 9th 2010.

US Trade Balance, Import Price Index & Jobless Claims Data due at 8:30AM Posted: 10 Nov 2010 04:52 AM PST

Canada Merchandise Trade Data due at 8:30AM Posted: 10 Nov 2010 04:44 AM PST

Sterling stegnthens on BoE inflation report Posted: 10 Nov 2010 02:38 AM PST Roughly equal chance CPI is greater or less than target ; outlook greatly uncertain Gbp/Usd up to 1.6058

Merkel on the wires Posted: 10 Nov 2010 02:23 AM PST German Chancellor Merkel comments to reporters in Berlin; * Basel III a huge success, big step toward stemming future bank risk * “too big to fail” an issue for 2011 * signs of protectionism are growing * Germany rejects limits on trade surpluses * Germany won’t accept targets on trade surpluses

French Industrial Production Posted: 09 Nov 2010 11:46 PM PST French Industrial Production m/m came in at0.1%, weaker than the 0.2% expected. Eur/Usd has come of its recent highs, currently trading at 1.3767.

German WPI Posted: 09 Nov 2010 11:02 PM PST German WPI m/m came in at -0.3%, weaker than the 0.7% expected and prior reading of 1.0%. Eur/Usd currently trades at 1.3780.

French CPI Posted: 09 Nov 2010 10:55 PM PST French CPI m/m came in at 0.1%, weaker than the 0.2% expected. Eur/Usd continues to trade either side of 1.3770.

Japanese Household Connfidence as expected Posted: 09 Nov 2010 09:21 PM PST Japanese Household Confidence came in at 40.9, inline with expectations and slightly weaker than the 41.2 expected. Usd/Jpy currently trades at 81.75.

11-10 Economic Calendar Posted: 09 Nov 2010 07:50 PM PST

USD/CHF Against ST Trendline Resistance Posted: 09 Nov 2010 07:36 PM PST As the USD has regained its bid against the Euro starting last week, the effect has been more muted against the Swissy as it remains an alternate safe haven to the USD and its natural demand remains against the Euro. The appreciation in USD/CHF has been contained by the trendline resistance below on a technical basis over the last few sessions. A break above could lead the pair to test the 200hr moving average currently above the .9735 area.

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