Monday, July 4, 2011

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

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Posted: 04 Jul 2011 06:21 AM PDT

Canada Data Comes Out Weaker

Posted: 04 Jul 2011 05:31 AM PDT

Materials Price Index:  Survey: -3.0  Actual: -5.2%  Prior: 6.8%  Revised:  6.9%

May vs. April
Raw Materials: 144.9 vs 191.7
Ex-Mineral Fuels: 133.7 vs 157.5
Mineral Fuels: 161.0 vs 240.7
Vegtable Products: 109.8 vs 157.9
Animal Products: 112.2 vs 120.2
Wood: 88.9 vs 92.8
Ferrous Materials: 162.2 vs 172.2 
Non-Ferrous Materials: 227.7 vs 285.5
Non-Metallic Minerals: 149.0 vs 159.0

Industrial Product Price Index:   Survey: 0.0%   Actual: -0.2%  Prior: 0.5%

Canada Raw Materials Price Index & Industrial Product Price Index Data Due at 8:30AM

Posted: 04 Jul 2011 03:50 AM PDT

PBOC Comments

Posted: 04 Jul 2011 03:05 AM PDT

  • Will keep CNY FX rate stable, and reiterates to pursu prudent monetary policy.
  • Will use various tools to manage liquidity.
  • Will keep interest rate liberalization.
  • Will maintain reasonable money supply size, and will effectivelymanage liquidity.

Eurozone PPI 6.2% vs. 6.3% expected.

Posted: 04 Jul 2011 02:01 AM PDT

UK construction PMI 53.6 vs. 53.8 expected.

Posted: 04 Jul 2011 01:30 AM PDT

Swiss retail sales were -4.1% vs. 7.5% prior reading.

Posted: 04 Jul 2011 12:17 AM PDT

7-4 Calender

Posted: 03 Jul 2011 11:14 PM PDT

Aussie Retail Sales Worse than Expected

Posted: 03 Jul 2011 06:37 PM PDT

Aussie Retail Sales for May expected to have increased by 0.3% came in much worse at -0.6% (1.1% prior). Building Approvals were also much worse for May down -7.9% rather than the expected decrease of -0.5%. These readings sent the Aussie and other risk pairs toward session lows, after a softer inflation reading earlier in Australia quelled the bid for Euros.
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