Forex Market Updates & Commentary

Leading Indicators Come out Same as Survey
The NY Opening Forex Commentary for December 17th 2010
GBPUSD tests target trendline support. Bias remains bearish
Bobbys Corner-Open Market-Dec.17.2010
The NY Opening Forex Commentary is available for viewing
EZ Trade Balance
German Ifo Business Climate
Germany’s Weber; Eurobonds don’t improve confidence in public finance
Ireland downgraded by Moody’s to Baa1; outlook negative
12-17 Economic Calendar
Rebroadcast of Live training Dec 16 2010
USDJPY moves toward key resistance (AGAIN)

Leading Indicators Come out Same as Survey

Posted: 17 Dec 2010 07:01 AM PST

The NY Opening Forex Commentary for December 17th 2010

Posted: 17 Dec 2010 06:49 AM PST

GBPUSD tests target trendline support. Bias remains bearish

Posted: 17 Dec 2010 06:07 AM PST

GBPUSD tests target trendline support. Bias remains bearish. The bias remains bearish below 1.5549 area

Bobbys Corner-Open Market-Dec.17.2010

Posted: 17 Dec 2010 05:58 AM PST

Good Morning:

We end the week with Moody’s Investor Services downgrading Ireland’s credit rating. Moody’s downgraded Irish credit by 5 levels, with further downgrades possible.
Portuguese bonds slipped after the Moody’s downgrade.
In a meeting in Brussels, EU leaders are about to agree to a system that would hopefully contain future debt issues from causing a crisis.

The Euro showed some strength after German IFO (business confidence) reached a record high. This is the highest level recorded since the reunification of the 2 Germany’s in 1991.

Asian equity markets were mixed, European equity markets fell after the downgrade of Ireland. US Futures are slightly higher at this time.

Oil:$87.60 Gold:$1375.40