Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Forex QUICK: USDCAD trading between its key support and resistance levels
Forex QUICK: GBPUSD settles between support and resistance
Next FXDD Webinar Tuesday June 8th 2010 Register
Forex Morning Report- June 4th
Forex QUICK: EURUSD stays pressured post weaker Employment. Key tech levels to watch.
Nonfarm Payroll Much Lower Than Expected as Unemployment Stays the Same
Jobs weaker than expected. USDJPY falls
EUROZONE worries dominate
Bobbys Corner-Open Market-June.4.2010
Forex QUICK: USDJPY in the middle of support and resistance before NFP
Forex QUICK: GBPUSD tests trendline support pre employment
US Nonfarm Payroll and Unemployment Rate Data Due at 8:30AM
Forex QUICK: EURUSD sells off pre-employment on Hungary and other concerns
The NY Opening Forex Commentary is available for viewing
Forex QUICK: Canada Unemployment report preview and key technical levels

Forex QUICK: USDCAD trading between its key support and resistance levels

Posted: 04 Jun 2010 06:47 AM PDT

Forex QUICK: GBPUSD settles between support and resistance

Posted: 04 Jun 2010 06:28 AM PDT

Forex QUICK: GBPUSD settles between support and resistance

Next FXDD Webinar Tuesday June 8th 2010 Register

Posted: 04 Jun 2010 06:18 AM PDT

Next FXDD Webinar Tuesday June 8th 2010 4pm NYT >> Register Here

Forex Morning Report- June 4th

Posted: 04 Jun 2010 06:09 AM PDT

Forex Morning Report- June 4th

Forex QUICK: EURUSD stays pressured post weaker Employment. Key tech levels to watch.

Posted: 04 Jun 2010 05:44 AM PDT

Nonfarm Payroll Much Lower Than Expected as Unemployment Stays the Same

Posted: 04 Jun 2010 05:33 AM PDT

Change in Nonfarm Payrolls: Survey: 536K Actual: 431K Prior: 290K

Change in Manufacturing Payrolls: Survey: 33K Actual: 29K Prior: 44K Revised: 40K

Change in Private Payrolls: Survey: 180K Actual: 41K Prior: 231K Revised: 218K

Unemployment Rate: Survey: 9.8% Actual: 9.7% Prior: 9.9%

Euro trading slightly lower on the news.

Jobs weaker than expected. USDJPY falls

Posted: 04 Jun 2010 05:32 AM PDT

Weaker than expected. Private payroll rises only 40K. Stocks getting hit in pretrade. Unemployment rate bright spot.

USDJPY looks to test 100 hour MA at the 91.82 level.

fxdd-pic-0425

EUROZONE worries dominate

Posted: 04 Jun 2010 05:26 AM PDT

Hungary Prime Minister says the economy is in a “grave situation” as a result of previous government manipulated and lied about the state of the economy.

A report says Estonia to win backing for Euro despite the ECB concern.

The French PM Fillon says that he is not concerned about the worried about the current EURUSD rate.

EURCHF falls on talk that the SNB lowered its bid in the market to a lower level below 1.4100 (unconfirmed).

Rumors of bank issues in EURO region as a result of debt issues.

The EURUSD needs to get above 1.2131-43 to change some of the bearish bias.

NFP awaited. The reaction is anyone’s guess but watch 1.2131-43 level on top. Next downside target 1.1968.

Bobbys Corner-Open Market-June.4.2010

Posted: 04 Jun 2010 05:21 AM PDT

Good Morning:

The EUR/USD pair dropped below the 1.21 handle for the first time since April 2006. Speculation that this morning’s US jobs report will show the recovery within the worlds largest economy is gaining traction.
Japan’s currency also is lower, after Naoto Kan was appointed Prime Minister. Kan has made repeated calls for a weaker JPY.

Equity markets are lower-and US Futures erased earlier gains as speculation mounts that the worlds sovereign debt problems will not be going away anytime soon.

Oil:$74.12 Gold:$1206.20

TIME		FOR	EST	PRIOR
8:30A.M.	CHANGE IN NONFARM PAYROLLS	MAY	520K	290K
8:30A.M.	CHANGE IN PRIVATE PAYROLLS	MAY	175K	231K
8:30A.M.	CHANGE IN MANUFACT. PAYROLLS	MAY	31K	44K%
8:30A.M.	UNEMPLOYMENT RATE	MAY	9.80%	9.90%
8:30A.M.	AVG. HOURLY EARNING MoM ALL EMP.	MAY	0.10%	0.00%
8:30A.M.	AVG. HOURLY EARNING YoY ALL EMP.	MAY	1.60%	1.60%
8:30 A.M.	AVG. WEEKLY HOURS ALL EMP.	MAY	34.1O	34.1O