Tuesday, November 16, 2010

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

US Housing Market Index

Posted: 16 Nov 2010 07:02 AM PST

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AUDUSD double bottom in place. Can we get a rebound?

Posted: 16 Nov 2010 06:49 AM PST

EURUSD not willing to make a break

Posted: 16 Nov 2010 06:40 AM PST

Forex Morning Report- Nov 16

Posted: 16 Nov 2010 06:39 AM PST

Forex Morning Report- Nov 16

US Housing Market Index Numbers at 10AM

Posted: 16 Nov 2010 06:36 AM PST

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ECB Stark on wires

Posted: 16 Nov 2010 06:33 AM PST

ECB Stark on wires saying ECB will continue to phase out measures after year’s end. He added that the price mandate remains nchanged. Growth paths unlikely to be reached again. Adds that demand for ECB liquidity is down by about 60%.

Industrial Production Flat at 0%, Capacity Utilization Unchanged

Posted: 16 Nov 2010 06:17 AM PST

Industrial Production:    Survey: 0.3%    Actual: 0%    Prior: -0.2%  

Capacity Utilization:   Survey: 74.9%    Actual: 74.8%    Prior: 74.7%    Revised: 74.8%

Net Long Trem Tic Flows show inflow again

Posted: 16 Nov 2010 06:02 AM PST

The Net Long Term TIC Flows totaled $81.0B for September. This is on the back of a $128.7 B inflow last month and suggests that there is not a reluctance to buy US instruments. Perhaps the talk of additional QE has prompted the flows of late.

China net purchases increased to $883.5 billion, a $15.1 billion increase. Japan increased its holdings by $28.4 billion to $865 billion

US Capacity Utilization & Industrial Production Data due at 9:15AM

Posted: 16 Nov 2010 05:52 AM PST

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Report on newswires of Austria reluctance to help Greek bailout

Posted: 16 Nov 2010 05:48 AM PST

There is a report on the newswires that Austria is to withhold payment to Greek bailout. This has led to some pressure in the EURUSD.

The market is sensitive to any news out of the EU that smells of disharmony as they struggle with their debt issues. The move back below the converged 100 and 200 bar MA on the 5 minute chart should solicit a trend move away. Be on alert for a potential break.

PPI weaker Canada Sales a touch better but down on the month

Posted: 16 Nov 2010 05:40 AM PST

Canada Manufacturing Data Stronger

Posted: 16 Nov 2010 05:33 AM PST

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US PPI Data Weaker Across the Board

Posted: 16 Nov 2010 05:32 AM PST

Producer Price Index (MoM):     Survey: 0.8%    Actual: 0.4%       Prior: 0.4%  

PPI Ex Food & Energy (MoM):    Survey: 0.1%    Actual: -.6%       Prior: 0.1%   

Producer Price Index (YoY):     Survey: 4.6%    Actual: 4.3%      Prior: 4.0%   

PPI Ex Food & Energy (YoY):     Survey: 1.5%    Actual: 1.5%     Prior: 1.3%   

Ireland in talks with IMF to get funding…

Posted: 16 Nov 2010 05:23 AM PST

for government and then the banks. The funding would be structured so the Ireland government would not need to utilize the debt market for some time. This would give the government time to cut the budget deficit.

This has come across the newswires.

NY Opening Forex Commentary. A fundamental and technical look at the NY Opening

Posted: 16 Nov 2010 04:55 AM PST

In today’s Morning Commentary, I go through a review of the economic data overnight and then take a look at the current key technical levels for the following currency pairs: EURUSD, GBPUSD, USDJPY, USDCHF, EURJPY, USDCAD and AUDUSD.

Be aware of the key levels to define your risk on your trades this morning.

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