Forex Market Updates & Commentary

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• Week ahead in Forex Monday August 1st 2011 9:30am
• Talking Technicals with James Chen – Webinar on Tuesday, Aug 2 at 12:30 PM U.S. ET
• EURUSD consolidating into the close
• BOC Flaherty sees Canada growth improving in 2H
• EURUSD falls but finds support against the 200 hour MA and bounces
• Feds Bullard & Lockhart On CNBC in Jackson Hole, WY

Week ahead in Forex Monday August 1st 2011 9:30am Posted: 29 Jul 2011 12:54 PM PDT Week ahead in Forex Trading this Monday August 1st 2011 9:30am- Register now

Talking Technicals with James Chen – Webinar on Tuesday, Aug 2 at 12:30 PM U.S. ET Posted: 29 Jul 2011 12:18 PM PDT Please join us on Tuesday, Aug 2 at 12:30 PM U.S. ET for FXDD’s Talking Technicals with James Chen. This free webinar will feature a high-probability technical approach to trading in the Forex market. Please click here to register: https://www1.gotomeeting.com/register/338654488 .

EURUSD consolidating into the close Posted: 29 Jul 2011 11:42 AM PDT The EURUSD is testing the top trendline of the bull flag as we head into the close. The level comes in at the 1.4394 level currently.  A move above could see a test of the high before days end.

BOC Flaherty sees Canada growth improving in 2H Posted: 29 Jul 2011 11:27 AM PDT Says Canada should have moderate growth this Year and US should have “some growth”

EURUSD falls but finds support against the 200 hour MA and bounces Posted: 29 Jul 2011 08:10 AM PDT The EURUSD corrected lower after testing the 100 hour MA at the 1.4394 level and found support against the 200 hour MA. From there he price has moved back higher and looks to test the 100 hour MA again. Alhough, the dip buyers might keep a lid from profit taking, a move above this MA should solicit additional buying with 1.4417 the next target. By the way, the low at 1.4336 was 5 pips from the important 100 day MA at the 1.4331 level.  Traders had a low risk trade opportunity against the key 200 hour MA and the 100 day MA level.

Feds Bullard & Lockhart On CNBC in Jackson Hole, WY Posted: 29 Jul 2011 08:09 AM PDT Say: not thinking deeply about default reticent to speculate on markets i do think a deal will get done- Bullard Dont look to fed to offset damage I wouldnt take any options off the table- Lockhart A lot of speculation isnt responsible Bullard says 2Q GDP number in line with market expectations I do think theyll  get a deal done- Bullard Ultra-easy monetary policy- Bullard Inflation rise a bit of a surprise- Lockhart Fed to watch inflation very carefully- Bullard Transitory elements in inflation rise- Lockhart Very high bar to QE3 -Lockhar

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