Forex Market Updates & Commentary

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• University of Michigan Confidence Falls, Along with Business Inventories
• Minneapolis Fed President Kocherlakota on The Wires
• US Retail Sales Data Stays According To Survey
• US Retail Sales Data Due at 8:30AM
• Eurozone industrial production -0.7% vs. 0.1% forecast.
• Comments from the Chinese central bank
• Italian trade balance (m/m) -1829 mln vs. -2707 mln prior reading.
• EUR slightly firmer after French prelim non-farm comes in at 0.4%; better than expected.
• Japanese revised industrial production (m/m) 3.8%; worse than expected.
• 8-12 Calender
• The Forex Traders Course- Defining Long Range Targets Rebroadcast
• Weekly Forex wrap up show this Friday at 12:30 PM

University of Michigan Confidence Falls, Along with Business Inventories Posted: 12 Aug 2011 07:00 AM PDT

Minneapolis Fed President Kocherlakota on The Wires Posted: 12 Aug 2011 06:15 AM PDT Says: ‘Transparency’ essential to monetary policy No need for ‘more accomodative’ policy Unemployment remains ‘disturbingly high’ To base decisions on PCE inflation, Unemployment

US Retail Sales Data Stays According To Survey Posted: 12 Aug 2011 05:30 AM PDT Advance Retail Sales:   Survey:  0.5%    Actual:  0.5%     Prior: 0.1%     Revised:  0.3% Core Retail Sales:     Survey:  0.%    Actual:  0.5%     Prior: 0.0%     Revised:  0.2%

US Retail Sales Data Due at 8:30AM Posted: 12 Aug 2011 04:22 AM PDT

Eurozone industrial production -0.7% vs. 0.1% forecast. Posted: 12 Aug 2011 02:11 AM PDT

Comments from the Chinese central bank Posted: 12 Aug 2011 01:46 AM PDT Price control is still a policy priority. Will use rates, FX to steer policy and will keep CNY FX rate basically stable. Inflation outlook is not optimistic. Will push ahead with interest rate liberalization. US default risks have been basically ruled out for the short term. Faces risks of supporting debt over long timer. Will expand CNY denominated trade settlement, investment programs.

Italian trade balance (m/m) -1829 mln vs. -2707 mln prior reading. Posted: 12 Aug 2011 01:03 AM PDT

EUR slightly firmer after French prelim non-farm comes in at 0.4%; better than expected. Posted: 11 Aug 2011 11:49 PM PDT

Japanese revised industrial production (m/m) 3.8%; worse than expected. Posted: 11 Aug 2011 09:32 PM PDT

8-12 Calender Posted: 11 Aug 2011 09:30 PM PDT

The Forex Traders Course- Defining Long Range Targets Rebroadcast Posted: 11 Aug 2011 12:30 PM PDT Traders Course Thursday Shawn Powell will teach a special class on Long Range Targets in your Forex Analysis. We will cover how to read Daily and Weekly charts and then take levels from these charts down to the lower time frames. Watch the rebroadcast

Weekly Forex wrap up show this Friday at 12:30 PM Posted: 11 Aug 2011 12:00 PM PDT Weekly Forex wrap up show this Friday at 12:30 PM. Shawn Powell teaches the class this week. Register now

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