Forex Market Updates & Commentary |  |
- Whoops…I will be on FXStreet at 11:00 AM
- Greg Michalowski on FXSTREET at 11am est
- EURUSD and USDJPY 1 pip wide at FXDD
- NY Morning Forex Commentary. Irish debt/government weighs
- Bobbys Corner-Open Market-Nov.22.2010
- Chicago Fed National Index rose to -0.28 from -0.52
- EURUSD tests 200 hour MA at 1.3647
- The NY Opening Forex Commentary is available for viewing
- Moody’s says Ireland debt likely to decrease
- 11/22 Economic Calendar
- Live Forex Education- Next class Tuesday at 4pm
| Whoops…I will be on FXStreet at 11:00 AM Posted: 22 Nov 2010 07:09 AM PST Go to here for the link to participate: http://forex.fxdd.com/94067/misc/greg-michalowski-on-fxstreet-at-10am-est |
| Greg Michalowski on FXSTREET at 11am est Posted: 22 Nov 2010 06:22 AM PST
FXDD’s Greg Michalowski will be teaching a live training today on FXSTREET at 11am est. |
| EURUSD and USDJPY 1 pip wide at FXDD Posted: 22 Nov 2010 06:10 AM PST The EURUSD and USSDJPY spreads have been narrowed to 1 pip wide in NY trade this morning at www.FXDD.com as liquidity conditions improve in the two pairs. |
| NY Morning Forex Commentary. Irish debt/government weighs Posted: 22 Nov 2010 05:55 AM PST The focus remains on Ireland. Talk of election has dampened the relief rally for the pair. As a result, the dollar has benefitted. |
| Bobbys Corner-Open Market-Nov.22.2010 Posted: 22 Nov 2010 05:51 AM PST
The Irish debt issue is the top story this Monday morning. Ireland is the second EU nation that needs to be officially “rescued” by the IMF and European Union-thus stopping a run on their banks hopefully. Moody’s stated that they may need to lower Irish debt more than anticipated, as the aid plan may actually increase Irish debt in the short term. The ECB bought Irish bonds today, and we will most probably see an increase in sovereign bond purchases. European equity markets are lower-as are US Futures at this time, as the Irish debt problem seeks it’s way into the equity markets.. Concerns that the spreading of the Irish debt issue will spread to other EU countries are weighing heavily on the markets. Oil:$81.86 Gold:$1351.90 HAVE A GREAT DAY & GOOD LUCK |
| Chicago Fed National Index rose to -0.28 from -0.52 Posted: 22 Nov 2010 05:37 AM PST The expectation was -0.30. The index is compiled using 85 national economic indicators including employment, manufacturing, sales, etc. A reading below 0 is reflective of below trend growth. The index was positive in July at 0.11, but turned back negative over the last three calendar months. The index was at -0.86 last November (this is the most recent low). The 12 month high has been 0.51 in March. |
| EURUSD tests 200 hour MA at 1.3647 Posted: 22 Nov 2010 05:16 AM PST A break below will next target the 1.3607-15 area |
| The NY Opening Forex Commentary is available for viewing Posted: 22 Nov 2010 04:38 AM PST
Ireland the focus today. NY enters and buys the dollar after the relief rally |
| Moody’s says Ireland debt likely to decrease Posted: 22 Nov 2010 04:06 AM PST They said, according to Bloomberg, that Ireland likely faces a multi-notch downgrade. The current Moody’s rating is Aa2. A downgrade would still leave Ireland in the investment grade range. |
| Posted: 21 Nov 2010 08:42 PM PST
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| Live Forex Education- Next class Tuesday at 4pm Posted: 21 Nov 2010 01:19 PM PST
Greg Michalowski and Shawn Powell teach a special Forex education class Tuesday Nov 23rd 2010 at 4pm New York Time / 1pm Pacific time / 21:00 GMT World time. Do not miss this opportunity. Gain a better understanding of what is going on in the markets. >> Register here |
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