Forex Market Updates & Commentary

---

• US Leading Indicators Stay the Same as Philadelphia Fed Shows Great Improvement
• Forex Morning Report- Nov 18
• ECB’s Trichet on the Wires
• US Philadelphia Fed Survey & Leading Indicators Data at 10AM
• US Jobless Claims Stay Put
• Canada Leading Indicators & Wholesale Sales Stronger
• Bobbys Corner-Open Market-Nov.18.2010
• US Jobless Claims Due at 8:30AM
• Canada Leading Indicators & Wholesale Sales Data due at 8:30AM
• CBI Industrial Orders Expectations
• Swiss ZEW Economic Expectations
• UK Retail Sales & Public Sector net borrowing
• Irish govenment minister sees Irish banks as solvent; Euro, Gbp strengthens
• Eurozone Current Account
• Swiss Trade Balance

US Leading Indicators Stay the Same as Philadelphia Fed Shows Great Improvement Posted: 18 Nov 2010 07:02 AM PST Philadelphia Fed:     Survey: 5.0      Actual: 22.5        Prior:  1.0 Philly Fed Rundown: NOV vs. OCT General Business Activity:  17.4  - 41.4 Prices Paid:  3.9 - 56.6 Prices Received:  15.8 - 66.6 New Orders:  25.4 - 35.5 Shipments:  20.9  - 38.2 Unfilled Orders:  18.0  - 57.8 Delivery Time:  10.9  - 73.7 Inventories:  24.5 -  57.0 Leading Indicators:    Survey: 0.5%     Actual:  0.5%    Prior:  1.0%    Revised 0.5%

Forex Morning Report- Nov 18 Posted: 18 Nov 2010 06:30 AM PST Forex Morning Report- Nov 18

ECB’s Trichet on the Wires Posted: 18 Nov 2010 05:54 AM PST Can decide on standard, non-standard tools separately ECB Could do one, the other or both on exit Rate Decision will depend on price stability Exit of unconventional tools depends on financial markets Current situation remains ‘very demanding’ ECB, FED ‘closely aligned’ on price stability Sees need for ‘quantum leap’ of governance Price stability definition proved to be ‘crucial’ ECB never pre-commits on interest rates Must keep ability to react to unforeseen contingencies Interest rates are ‘appropriate’ Must remain ‘mindful’ that euro area has 16 states Euro region isn’t a ‘fully-fledged political union’ Non-Standard measures are ‘temporary’ by nature ECB must ensure that banks don’t become reliant on cash Tools must aim at reactivating private markets Euro region isn’t a fiscal union with unified bond market Non-Standard measures aim to remove ‘major roadblocks’

US Philadelphia Fed Survey & Leading Indicators Data at 10AM Posted: 18 Nov 2010 05:39 AM PST

US Jobless Claims Stay Put Posted: 18 Nov 2010 05:32 AM PST Jobless Claims:  Survey: 441K    Actual:  439K   Prior: 435K    Revised:  437K    Continuing Claims:  Survey: 4295K    Actual:  4295K    Prior: 4301K   Revised:  4343K

Canada Leading Indicators & Wholesale Sales Stronger Posted: 18 Nov 2010 05:31 AM PST Leading Indicators MoM:          Survey:  0.1%           Actual:  .2%            Prior:  -0.1%             Revised:   -.2% Wholesale Sales MoM :         Survey:  -0.3%            Actual:  .4%             Prior:  1.2%             Revised:   1.3%

Bobbys Corner-Open Market-Nov.18.2010 Posted: 18 Nov 2010 05:25 AM PST Good Morning: The Euro picked up overnight-as speculation that Ireland will receive a bailout (or aid package if you wish), which will hopefully prevent contagion in the EU’s other sovereign states.  A package for Ireland would most certainly lead to calmer markets, which will be positive for the Euro. The Fed’s QE2 program which will purchase $75 Bil of US Treasuries per month will hopefully spur employment and inflation in a move to  get the US economy back on solid ground. World equity markets rose, and US Futures are higher with news  that the IMF  and EU are working on a solution for Ireland’s sovereign debt issue. Oil:$81.84                                                    Gold:$1353.60 TIME FOR EST. PRIOR 8:30A.M. INITIAL JOBLESS CLAIMS 13-Nov 442K 435K 8:30A.M. CONTINUING CLAIMS 6-Nov 4295K 4301K 10:00A.M. MORTGAGE DELINQUENCIES  3Q 9.85% 10:00A.M. MBA MORTGAGE FORECLOSURES  3Q 4.57% 10:00A.M. LEADING INDICATORS OCT. 0.50% 0.30% 10:00A.M. PHILADELPHIA FED . NOV. 5.O     1.O HAVE A GREAT DAY & GOOD LUCK

US Jobless Claims Due at 8:30AM Posted: 18 Nov 2010 05:04 AM PST

Canada Leading Indicators & Wholesale Sales Data due at 8:30AM Posted: 18 Nov 2010 05:01 AM PST

CBI Industrial Orders Expectations Posted: 18 Nov 2010 03:02 AM PST CBI Industrial Orders Expectations came in at -15, better than the -24 expected and an improvement of the prior reading of -28. Gbp/Usd has made a new high of 1.5979 upon release of positive data.

Swiss ZEW Economic Expectations Posted: 18 Nov 2010 02:04 AM PST Swiss Zew Economic Expectations came in at -30.9, wekaer than the prior reading of -27.5. No estimates were given for this number. Usd/Chf trades at .9880 and Eur/Chf at 1.3480.

UK Retail Sales & Public Sector net borrowing Posted: 18 Nov 2010 01:37 AM PST Retail Sales m/m  came in at 0.5% as expected. Public Sector Net Borrowing came in at 9.8B, stronger than the 9.0B expected which is not good for the Gbp. Gbp/Usd has come off its recent highs about 25 points to trade at 1.5947.

Irish govenment minister sees Irish banks as solvent; Euro, Gbp strengthens Posted: 18 Nov 2010 01:10 AM PST Eur/Usd made new high of 1.3655. Gbp/Usd to 1.5974.

Eurozone Current Account Posted: 18 Nov 2010 01:06 AM PST Eurozone Current Account came in at -13.1B, weaker than the -2.2B expected. Though a negative number for the Euro the currency has strengthened in recent trade. Eur/Usd currently trades at 1.3645.

Swiss Trade Balance Posted: 17 Nov 2010 11:28 PM PST Swiss Trade Balance came in at 2.10B, greater than the 1.54B expected. Chf has continued to look strong throughout the session with Usd/Chf at its low of .9870.

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610