Forex Market Updates & Commentary

---

• Forex Morning Report- Dec 15th
• Live Education Webinar with Greg and Shawn Thurs
• US Industrial Production & Capacity Utilization Data at 9:15AM
• Canada Manufacturing Sales Higher
• FXDD Live Education Webinar rebroadcast December 14 2010
• Bobbys Corner-Open Market-Dec.15.2010
• US CPI & Empire Manufacturing Data due at 8:30AM
• Canada Manufacturing Sales Due at 8:30AM
• UK CBI Realized Sales
• EZ employment unchanged for the 3rd quarter, a 2% rise was expected
• UK Jobless claims fall 1,200; Unemployment rate rises to 7.9%
• Spain’s Aa1 ratings on review for possible downgrade at Moody’s
• 12-15 Economic Calendar
• Debelle on the wires…
• Tankan Index Better Than Expected

Forex Morning Report- Dec 15th Posted: 15 Dec 2010 06:45 AM PST

Live Education Webinar with Greg and Shawn Thurs Posted: 15 Dec 2010 05:51 AM PST Your next FXDD Live Education Webinar with Greg and Shawn is tomorrow, Thursday December 16th. The class will be on remembered lines >>Register here

US Industrial Production & Capacity Utilization Data at 9:15AM Posted: 15 Dec 2010 05:38 AM PST

Canada Manufacturing Sales Higher Posted: 15 Dec 2010 05:33 AM PST

FXDD Live Education Webinar rebroadcast December 14 2010 Posted: 15 Dec 2010 05:30 AM PST FXDD Live Education Webinar rebroadcast December 14 2010 >> Click here to watch This posting includes an audio/video/photo media file: Download Now

Bobbys Corner-Open Market-Dec.15.2010 Posted: 15 Dec 2010 05:21 AM PST Good Morning: The Euro dropped below the 1.33 handle after Moody’s Investors Service stated that Spain may be looking at a downgrade of it’s debt rating.  Spain’s “vulnerability to funding stress” was one of the reasons that Moody’s cited for the possible downgrade.  Spain’s enormous size will cause problems for the EZ unless this problem is  addressed and dealt with in a timely fashion. EU leaders will start a 2 day meeting in Brussels tomorrow, and the focus will be to develop a permanent crisis fighting system that would resemble an emergency type of fund to be set up within the EU. Cable was weaker on the heels of lower than expected employment data.  The JPY was steady. World equity markets were lower-and US Futures are also lower this morning. CPI data is on the plate in the US-and the data is looking for an uptick again this month (the Fed will need to keep an eye on this data going forward-to be certain that costs are not getting out of line in this economic downturn). Oil:$ 87.58                                                                                                   Gold:$1394.40 TIME FOR EST.  PRIOR 07:00AM MBA MORTGAGE APPLICATIONS 10-Dec    ——-    -O.9% 08:30AM CONSUMER PRICE INDEX (MoM)  NOV    O.2%   O.2%  08:30AM CPI EX FOOD & ENERGY (MoM)       NOV       01O%.   O.O% 08:30AM CONSUMER PRICE INDEX (YoY)  NOV 1.10%   1.2O% 08:30AM CPI EX FOOD & ENERGY (YoY)   NOV  O.6%  O.6% 08:30AM CPI CORE INDEX SA  NOV  ——- 221.77% 08:30AM CONSUMER PRICE INDEX NSA  NOV    281.6OO% 218.71% 08:30AM EMPIRE MANUFACTURING  DEC            5.OO    -11.4O 09:00AM TOTAL NET TIC FLOWS  OCT     $51.OB    $81.7B 09:00AM NET LONG-TERM TIC FLOWS  OCT    ——-     81.OB  09:15AM INDUSTRIAL PRODUCTION  NOV   O.3%   O.O% 09:15AM CAPACITY UTILIZATION   NOV      75.O%     74.8O% 10:00AM NAHB HOUSING MARKET INDEX     DEC         16.O       16.O HAVE A GREAT DAY & GOOD LUCK

US CPI & Empire Manufacturing Data due at 8:30AM Posted: 15 Dec 2010 04:41 AM PST

Canada Manufacturing Sales Due at 8:30AM Posted: 15 Dec 2010 04:34 AM PST

UK CBI Realized Sales Posted: 15 Dec 2010 03:03 AM PST CBI Realized sales came in at 56, stronger than the 38 expected and prior reading of 43. Gbp/Usd has not regained earlier loses due to employment data as of yet. The pair trades at 1.5687.

EZ employment unchanged for the 3rd quarter, a 2% rise was expected Posted: 15 Dec 2010 02:11 AM PST Eur/Usd has fallen to a new seesion low of 1.3286.

UK Jobless claims fall 1,200; Unemployment rate rises to 7.9% Posted: 15 Dec 2010 01:46 AM PST UK Jobless claims fell by 1,200, a drop of 2,900 was expected. The unemployment rate rose to 7.9% from 7.7%, no change was expected. Gbp has felt the effects of this data as Gbp/Usd has fallen to 1.5720, off about 30 points. Eur/Gbp currently trades at .8467, up 15 points.

Spain’s Aa1 ratings on review for possible downgrade at Moody’s Posted: 14 Dec 2010 10:17 PM PST This news sends Eur/Usd to new low of 1.3305, and still looking offered.

12-15 Economic Calendar Posted: 14 Dec 2010 08:50 PM PST

Debelle on the wires… Posted: 14 Dec 2010 04:28 PM PST RBA Assistant Governor Debelle made the following comments while speaking in Sydney: Business credit growth may stay “subdued”. Current account gap may widen on non-bank capital. Bank deposits market has been “extremely competitive”. Deposits may grow as a share of bank funding. The AUD is currently trading on session lows across the board.

Tankan Index Better Than Expected Posted: 14 Dec 2010 03:57 PM PST The JPY made some gains following better than expected Tankan numbers out of Japan. The manufacturing index was 5; better than the forecast of 4 and the non-manufacturing release was 1 versus a forecast of 0. Additionally, tertiary industry activity came in slightly better than expected at 0.5%

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