Forex Market Updates & Commentary

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• Week Ahead in Trading Monday at 9:30 AM with Greg Michalowski and Shawn Powell
• GBPUSD moves lower in reaction to EURUSD fall
• Feds Evan does not see strong US growth until housing contributes
• Fitch reaffirms France AAA. Outlook to negative
• Feds Fisher says Fed has done all they can without stoking inflation
• Fitch has placed Belgium, Spain, Italy, Slovenia, Ireland and Cyprus on watch negative
• Weekly Wrap Up Show Friday at 11am – Join us for the last webinar of the week

Week Ahead in Trading Monday at 9:30 AM with Greg Michalowski and Shawn Powell Posted: 16 Dec 2011 01:33 PM PST Week Ahead in Trading Webinar broadcast this Monday at 9:30 AM with Greg Michalowski and Shawn Powell – Register now

GBPUSD moves lower in reaction to EURUSD fall Posted: 16 Dec 2011 10:31 AM PST The Fitch downgrade warnings has sent the GBPUSD down in sympathy with the EURUSDs decline. The move sent the price below trendline support and to the 50% of the move up form the Wednesday low.  The fall made new lows for the day but the decline is still minimal. I expect the market to be more influenced by the flows of the market as the weekend approaches. Liquidity is limited.

Feds Evan does not see strong US growth until housing contributes Posted: 16 Dec 2011 10:10 AM PST

Fitch reaffirms France AAA. Outlook to negative Posted: 16 Dec 2011 09:59 AM PST Heightened risk of financial liabilities cited for the risk.

Feds Fisher says Fed has done all they can without stoking inflation Posted: 16 Dec 2011 09:58 AM PST Opposed to further Fed easing not for fear of inflation, but on concern it would not helf on jobs US indicators are improving, Europe and emerging economies may knock US off course Tax,Fixcal and regulatory uncertainty are holding back business More monetary policy easing wrong path

Fitch has placed Belgium, Spain, Italy, Slovenia, Ireland and Cyprus on watch negative Posted: 16 Dec 2011 09:46 AM PST The EURUSD is testing the 1.3002 low from earlier today. Resistande now at the 1.3020 area for the pair.

Weekly Wrap Up Show Friday at 11am – Join us for the last webinar of the week Posted: 16 Dec 2011 07:45 AM PST     Weekly Wrap Up Show Friday at 11am – Join us for the last webinar of the week – Register now

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