Forex Market Updates & Commentary

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• EURUSD rises despite better US data
• US Consumer Confidences Rises
• Chicago PMI comes out stronger at 62.5.
• IMF Lipsky on the wires
• USDCHF in the middle of a range
• USDJPY holds Fibo support on first test
• US Consumer Confidence & Chicago PMI Due at 10AM
• Forex Morning Report- Nov 30
• US S&P Case-Shiller Data All Lower
• EURJPY falls to 2 1/2 month lows
• Weak Canada GDP sends the USDCAD higher
• Canada GDP & Quarterly GDP Both Lower
• FXDD’s SVP Bob McKeon appears on CNBCs Squawk
• Bobbys Corner-Open Market-Nov.30.2010
• NY Opening Forex Commentary is available for viewing

EURUSD rises despite better US data Posted: 30 Nov 2010 07:01 AM PST Despite the better ChicagoPMI, the EURUSD has seen some profit taking/short covering.  The pair is heading toward intraday resistance against the 38.2% retracement of the days range and the 100 bar MA on the 5 minute chart. Look for seller against the levels with stops likely on a move above.

US Consumer Confidences Rises Posted: 30 Nov 2010 07:00 AM PST Chicago Purchasing Manager:     Survey: 59.9     Actual: 62.5       Prior: 60.6     Consumer Confidence:     Survey: 53.0     Actual: 54.1        Prior: 50.2     Revised: 49.9 NAPM-Milwaukee:     Survey: 57.5     Actual: 59.0       Prior: 56.0

Chicago PMI comes out stronger at 62.5. Posted: 30 Nov 2010 06:56 AM PST The index came out at 62.5 vs 60.6 last. This was above expectations of 59.5 and is the highest level since 63.8 in April.  The components showed strength as well with employment and new orders rising.  Inventories were down but that may be a good going forward if they have to be replenished.  Overall, the Christmas season has gotten off to a good start as well which may be good for the economy as well.  Below are the component pieces : Prices paid          70.7  vs 68.9 last Production           71.3  vs 69.8 last New orders           67.2  vs 65.0 last Order backlogs       48.9  vs 49.2 last Inventories          48.4  vs 54.9 last Employment           56.3  vs 54.6 last Supplier deliveries  60.4  vs 62.8 last

IMF Lipsky on the wires Posted: 30 Nov 2010 06:53 AM PST Market still skeptical on Greek Plan success Notion of threat to EURO wildly exagerated Euro has solid value Ireland plan never meant to assuage all uncertainty Greek budget program is on track Solutions will take TIME

USDCHF in the middle of a range Posted: 30 Nov 2010 06:50 AM PST The USDCHF is in the middle of the 3 day range. The CHF is also a safe haven currency and as a result, the dollar move of late has not effected the USDCHF as much as some of the other currencies. Investors feel as comfortable buying the CHF as they do the EUR as it struggles with Ireland and worries about Portugal and Spain.

USDJPY holds Fibo support on first test Posted: 30 Nov 2010 06:36 AM PST

US Consumer Confidence & Chicago PMI Due at 10AM Posted: 30 Nov 2010 06:32 AM PST

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

US S&P Case-Shiller Data All Lower Posted: 30 Nov 2010 06:03 AM PST S&P/CaseShiller Home Price Ind:    Actual: 147.49    Prior: 148.59     Revised: 148.55 S&P/CS 20 City (MoM%) SA:              Survey: -0.40%     Actual: -.80%     Prior: -.28%     Revised:  -.48% S&P/CS Composite-20 (YOY):           Survey: 1.00%     Actual: .59%     Prior: 1.70%    Revised: 1.67% S&P/CaseShiller US HPI:                      Actual: 135.5       Prior: 138.0    Revised: 138.3 S&P/CaseShiller US HPI (YoY%):    Survey: 1.3%    Actual: -1.5%    Prior: 3.6%     Revised: 3.8%

EURJPY falls to 2 1/2 month lows Posted: 30 Nov 2010 05:55 AM PST

Weak Canada GDP sends the USDCAD higher Posted: 30 Nov 2010 05:42 AM PST

Canada GDP & Quarterly GDP Both Lower Posted: 30 Nov 2010 05:31 AM PST Gross Domestic Product:    Survey:  0.1%         Actual: -0.1%        Prior:  0.3%    Quaterly GDP Annualized:    Survey:  1.5%         Actual: 1.0%        Prior: 2.0%

FXDD’s SVP Bob McKeon appears on CNBCs Squawk Posted: 30 Nov 2010 05:13 AM PST http://www.cnbc.com/id/15840232?video=1674266150&play=1

Bobbys Corner-Open Market-Nov.30.2010 Posted: 30 Nov 2010 05:11 AM PST Good Morning: I am returning from an extended Thanksgiving Holiday-I hope all of you in the US enjoyed the holiday-and for the rest of the world-the markets are now back on a regular schedule. The Euro fell through the critical 1.30 level overnight-as concerns over the regions debt crisis continue to set center stage in the marketplace.  Spanish bond yields reached their highest level in a decade, and Italian credit spreads continued to widen to record highs. Markets will be watching the Spanish debt auction scheduled for this Thursday, along with comments by the ECB at a press conference the same day.  The ECB will need to provide further accommodations for the regions banks, as speculation mounts that the ECB may need to begin a QE program to help stabilize the Eu’s credit markets. World equity markets were and are lower-as are US Futures. Oil:$85.06                                                              Gold:$1372.10 TIME FOR EST PRIOR 09:00AM S&P/CASESHILLER HOME PRICE INDEX  SEP 148.59O 09:00AM S&P/CS 20 CITY MoM SA  SEP  -0.4O%  -O.28% 09:00AM S&P/ CS COMPOSITE-20YoY  SEP  1.OO%  1.7O% 09:00AM S&P/CASE -SHILLER US HPI  3Q  —- 138.O 09:00AM S&P/CASE -SHILLER US HPI YoY   3Q 1.30%  3.6O%   09:45AM CHICAGO PURCHASING MANAGER NOV  59.9O      6O.2 10:00AM CONSUMER CONFIDENCE  NOV       53.O      5O.2 10:00AM NAPM - MILWAUKEE  NOV  57.5O 56.O HAVE A GREAT DAY & GOOD LUCK

NY Opening Forex Commentary is available for viewing Posted: 30 Nov 2010 05:04 AM PST

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