Forex Market Updates & Commentary

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• EURUSD tests support at 1.3310 area
• US ISM Data Stays Put as Construction Spending Improves
• The NY Morning Forex Commentary is available
• Gold finds sellers below trendline MA support
• Bobbys Corner-Open Market-Jan.3.2011
• NY Opening Forex Commentary for January 3rd 2011
• US ISM & Construction Spending Due at 10AM
• Eurozone Final PMI
• 1-3 Economic Calendar

EURUSD tests support at 1.3310 area Posted: 03 Jan 2011 07:03 AM PST The 200 bar MA on the 5 minute chart provided resistance on the way up today. It is providing support now.  A break will target 1.3276. On the topside watch 1.3365 to find sellers.

US ISM Data Stays Put as Construction Spending Improves Posted: 03 Jan 2011 07:03 AM PST ISM Manufacturing:    Survey:  57.0       Actual:  57.0        Prior: 56.6 ISM Prices Paid:    Survey: 71.8         Actual:  72.5        Prior: 69.5 Construction Spending (MoM):     Survey: 0.2%         Actual: 0.4 %       Prior:  0.7%      Nov vs. Oct Totals: -5.8%  vs -9.1% Residential: -3.9%  vs -5.3% Non-Residential: -6.6%  vs -10.7%

The NY Morning Forex Commentary is available Posted: 03 Jan 2011 06:41 AM PST The NY session is off to a up and down (or down and up) start as the market gets its feet under itself. For a techincal look at the major currency pair, click on the video link To subscribe to my email distribution list, send me an email at greg@fxdd.com. Thanks.

Gold finds sellers below trendline MA support Posted: 03 Jan 2011 05:34 AM PST

Bobbys Corner-Open Market-Jan.3.2011 Posted: 03 Jan 2011 05:28 AM PST Good Morning: Welcome to the first trading day of 2011.  I want to wish everyone a Happy & Healthy New Year. With a slow start to the new trading year-as Japan, and many European centers still on a bank holiday until tomorrow -the markets will resume where we left off at the end of 2010. The sovereign debt issues plaguing the EU will be one of the central points in 2011.  China has made very positive comments regarding Spain-and will buy additional Spanish debt this year.  We will have to watch this development closely-as the yields on debt ladened Euro region bonds may offer better returns than US Treasuries.  By supporting the Euro Zone this way, the Chinese will try to  insure that the USD will not be the sole reserve currency of the world.  With the New Year-comes the appetite for new risk. Oil is trading over $92/barrel , Gold at 1420+/oz. and S&P futures up 90 points at this time. Most markets were closed-but those that were open saw higher equity prices. Oil:$92.19                                       Gold:$1423.10 TIME FOR EST. PRIOR 10:00AM ISM MANUFACTURING DEC. 57.O 56.6O 10:00AM ISM PRICES PAID DEC. 71.8O 69.5O 10:00AM CONSTRUCTION SPENDING MoM        NOV. 0.20% 0.70% HAVE A GREAT DAY & GOOD LUCK Oil:$92.19                                 Gold:$

NY Opening Forex Commentary for January 3rd 2011 Posted: 03 Jan 2011 05:02 AM PST

US ISM & Construction Spending Due at 10AM Posted: 03 Jan 2011 04:50 AM PST

Eurozone Final PMI Posted: 03 Jan 2011 01:21 AM PST EZ Final PMI came in at 57.1, stronger than the 56.9 expected. Eur/Usd made a push higher on heels of release trading up about 20 points to 1.3315. The pair currently resides at 1.3302.

1-3 Economic Calendar Posted: 02 Jan 2011 08:43 PM PST

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