Forex Market Updates & Commentary

US Consumer Confidence Rises, House Price Index Stays Flat & Richmond Fed Manufacturing Index Lower
Greg Michalowski on FXstreet- Live Education Class 10am
The NY Morning Forex Commentary is available for viewing
S&P CaseShiller Home Price Index Lower
Bobbys Corner-Open Market-Jan.25.2011
US Consumer Confidence, House Price Index & Richmond Fed Data due at 10AM
EURUSD maintains support at 1.3575 to 1.3577
BOE Osborne sees rates lower for longer
GBPUSD holding above the 100 day MA
ECB Nowotny watching inflation closely
The NY Opening Forex Commentary is available for viewing
US S&P CaseShiller Data due at 9AM
Canada CPI slightly worse: monthly came in at 0.0% and yearly was 2.4%
Canada CPI in 30 minutes…
UK Prelim GDP Worse

US Consumer Confidence Rises, House Price Index Stays Flat & Richmond Fed Manufacturing Index Lower

Posted: 25 Jan 2011 07:08 AM PST

Consumer Confidence: Survey: 54.0 Actual: 60.6 Prior: 52.5 Revised: 53.3

Richmond Fed Manufacturing Index: Survey: 22 Actual: 18 Prior: 25

Business Activity: Jan vs. Dec
Overall Index: 18 vs 25
Shipments: 23 vs 30
New Order Volume: 17 vs 29
Order Backlog: 5 vs 14
Capacity Utilization: 18 vs 21
Vendor Lead Time: 15 vs 17
Number of Employees: 14 vs 14
Average Workweek: 20 vs 15
Wages: 13 vs 16

House Price Index MoM: Survey: 0.0% Actual: 0.0% Prior: 0.7% Revised: 0.2%

Greg Michalowski on FXstreet- Live Education Class 10am

Posted: 25 Jan 2011 06:28 AM PST

Greg Michalowski on FXstreet- Live Education Class 10am (whoops 11 AM! Sorry) >> Details

The NY Morning Forex Commentary is available for viewing

Posted: 25 Jan 2011 06:03 AM PST

NY Morning Forex Commentary is available

http://forex.fxdd.com/98892/misc/fxdd-live-education-class-this-online-tuesday-4pm

S&P CaseShiller Home Price Index Lower

Posted: 25 Jan 2011 06:03 AM PST

S&P/CaseShiller Home Price Ind: Actual: 143.85 Prior: 145.32 Revised: 145.26

S&P/CS 20 City (MoM%) SA: Survey: -0.80% Actual: -.54% Prior: -.99% Revised: -1.00%

S&P/CS Composite-20 (YOY): Survey: -1.60% Actual: -1.59% Prior: -.80% Revised: -.84%

Bobbys Corner-Open Market-Jan.25.2011

Posted: 25 Jan 2011 05:50 AM PST

Good Morning:

The big news in the overnight FX markets was that the GBP was pounded after very disappointing UK GDP data.
Cold weather hurt both the construction and services sector-thus leading to the decline in cable. Data showing that this past December was the coldest in over 100 years also attributed to the decline. Investors are sorting out if this is an issue with the overall weakness of the British economy, or is this just a one off problem due to the weather.
This data will certainly put pressure on the BOE to come up with a plan that combats inflation and increases growth in the country.

Concerns over Spain’s debt problems-along with news that Spanish banks may need additional capital were also center stage in the FX markets.

The Fed begins a 2 day meeting today-and President Obama will make his State of the Union address tonight at 9 PM.

Today we have data on home prices and Consumer Confidence.

Asian and European equity markets are mostly mixed-and US Futures are also pointing to a lower opening this morning.

Oil:$86.70 Gold:$1329.20

TIME		FOR	EST.	PRIOR
9:00A.M.	S&P CASE SHILLER HOME PRICE IND	NOV.		145.3O
9:00A.M.	S&P /CS 20 CITY MoM% SA	NOV.	-0.80%	-0.99%
9:00A.M.	S&P /CS COMPOSITE -20 YoY	NOV.	-1.60%	-0.80%
10:00A.M.	CONSUMER CONFIDENCE	JAN.	54.O	52.5O
10:00A.M.	HOUSE PRICE INDEX MoM	NOV.	0.00%	0.70%
10:00A.M.	RICHMOND FED MANUFACT.INDEX	JAN.	22.O	25.O

HAVE A GREAT DAY & GOOD LUCK

US Consumer Confidence, House Price Index & Richmond Fed Data due at 10AM

Posted: 25 Jan 2011 05:46 AM PST

EURUSD maintains support at 1.3575 to 1.3577

Posted: 25 Jan 2011 05:29 AM PST

BOE Osborne sees rates lower for longer

Posted: 25 Jan 2011 05:23 AM PST

The BOE Osborne is on the newswires saying the central bank has freedom to keep rates lower for longer

GBPUSD holding above the 100 day MA

Posted: 25 Jan 2011 05:17 AM PST

ECB Nowotny watching inflation closely

Posted: 25 Jan 2011 05:07 AM PST

He is on on the newswires reiterating Jean Claude Trichets worries about inflation in the first half but sees no marked increase for the whole year. (”Watching inflation very closely”). He addst that exit process depend on economic development.

The NY Opening Forex Commentary is available for viewing

Posted: 25 Jan 2011 04:53 AM PST

GBPUSD suffered on the back of much weaker GDP today. GBPUSD tests key 100 day MA at 1.5758. Key level today
EURUSD fell in sympathy with the GBPUSD fall but has rebounded (EURGBP rises). The pair held key support at 1.3577 (midpoint of Nov 2010 to Jan 2011 low)
USDJPY remains contained between technical levels.
USDCHF fell on flight to quality bids for CHF. Bearish bias unless the price moves above 0.9484 (see analysis)
USDCAD rose on slower CPI inflation. The price is above0.9976-82 area which is now support. Stay above and should see higher prices
EURGBP rallies above 100 day MA and trendline break

Webinar later today. To register, click on the following link:

http://forex.fxdd.com/98892/misc/fxdd-live-education-class-this-online-tuesday-4pm

US S&P CaseShiller Data due at 9AM

Posted: 25 Jan 2011 04:53 AM PST