Forex Market Updates & Commentary

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• Weak data sends the USDJPY back down to the days floor
• Home Sales Much Weaker as Factory Orders Also Slide
• US Pending Home Sales & Factory Orders due at 10AM
• The NY Morning Forex Commentary is available for viewing:
• GBPUSD building some clues for a bearish move but…
• EURUSD intraday bulls and bears fight it out
• US Personal Data Figures Weak
• Bobbys Corner-Open Market-August.3.2010
• US Personal Income and Personal Spending Data at 8:30AM
• NY Opening Forex Commentary is available for viewing
• Eurozone PPI m/m
• UK Construction PMI
• Swiss CPI m/m
• Sterling On Highs
• Australian Commodity Prices y/y

Weak data sends the USDJPY back down to the days floor Posted: 03 Aug 2010 07:08 AM PDT

Home Sales Much Weaker as Factory Orders Also Slide Posted: 03 Aug 2010 07:02 AM PDT Factory Orders:                           Survey: -0.5%   Actual: -1.2%   Prior: -1.4%  Revised: -1.8% Pending Home Sales(MoM):   Survey: 4.0%   Actual: -2.6%   Prior: -30.0%  Revised: -29.9% Pending Home Sales(YoY):                    Actual: -20.1%   Prior: 15.6%   Home sales down almost 20% from june 2009.

US Pending Home Sales & Factory Orders due at 10AM Posted: 03 Aug 2010 06:29 AM PDT

The NY Morning Forex Commentary is available for viewing: Posted: 03 Aug 2010 06:22 AM PDT

GBPUSD building some clues for a bearish move but… Posted: 03 Aug 2010 05:55 AM PDT

EURUSD intraday bulls and bears fight it out Posted: 03 Aug 2010 05:34 AM PDT

US Personal Data Figures Weak Posted: 03 Aug 2010 05:33 AM PDT Personal Income:           Survey: 0.2%         Actual: 0.0%        Prior: 0.4%         Revised: 0.3% Personal Spending:        Survey: 0.1%         Actual: 0.0%         Prior: 0.2%       Revised: 0.1% PCE Deflator:    Survey: 1.3%         Actual: 1.4%         Prior: 1.9%     Revised: 2.1%    PCE Core(MoM):     Survey: 0.1%         Actual: 0.0%         Prior: 0.2%       Revised:  0.1% PCE Core(YoY):    Survey: 1.3%         Actual: 1.4%         Prior: 1.3%        Revised: 1.5%

Bobbys Corner-Open Market-August.3.2010 Posted: 03 Aug 2010 05:21 AM PDT Good Morning: The slowing US economy has caused some concerns in the marketplace. There is speculation that the Fed is considering adding additional stimulus along with additional monetary easing  to help prop up the faltering US economy. The USD lost ground to the Euro and JPY overnight-as comments from Japanese Finance Minister Noda that Japan is not concerned with the latest strength of the Yen, and that they have no interest in intervening in the FX markets for now. Asian equity markets were mixed, and Europe is lower.  US Futures are lower at this time after P&G and Dow Chemical missed earnings estimates.  Oil and gold both rose overnight. Oil:$81.69                                           Gold:$1187.10   TIME FOR  EST PRIOR 8:30A.M. PERSONAL INCOME JUNE 0.20% 0.40% 8:30A.M. PERSONAL SPENDING JUNE 0.10% 0.20% 8:30A.M. PCE DEFLATOR YoY JUNE 1.30% 1.90% 8:30A.M. PCE CORE MoM JUNE 0.10% 0.20% 8:30A.M. PCE CORE YoY JUNE 1.30% 1.30% 10:00A.M. FACTORY ORDERS JUNE -0.50% -1.40% 10:00A.M. PENDING HOME SALES MoM JUNE 3.90% -30.00% 10:00A.M. PENDING HOME SALES YoY JUNE   -15.60% HAVE A GREAT DAY & GOOD LUCK

US Personal Income and Personal Spending Data at 8:30AM Posted: 03 Aug 2010 04:56 AM PDT

NY Opening Forex Commentary is available for viewing Posted: 03 Aug 2010 04:50 AM PDT

Eurozone PPI m/m Posted: 03 Aug 2010 02:01 AM PDT The market was unchanged after the monthly Eurozone PPI reading was unchanged at 0.3%; worse than the forecast of 0.4%.

UK Construction PMI Posted: 03 Aug 2010 01:33 AM PDT UK Construction PMI came in at 54.1, weaker than the 58.2 expected and prior reading of 58.4. Gbp/Usd is feeling the affects of this poor number as the pair just dropped 30 points off high to 1.5925. Gbp had been strong in recent trading.

Swiss CPI m/m Posted: 03 Aug 2010 12:23 AM PDT The franc is trading slightly lower after  a -0.7% monthly Swiss CPI reading; forecast was -0.5% and prior showing of -0.4%.

Sterling On Highs Posted: 02 Aug 2010 11:45 PM PDT In this relatively slow moving market, the British pound is trading on highs and is continuing advances against all of the major currencies; GBP/USD high of 1.5929. On the daily cable chart you can see that on the move from the high (1.7041) on August 4, 2009 to the low (1.4229) on May 21, 2010 the pair is testing the 61.8% at 1.5966. The pair has not traded this high since Feb 4th. With the current momentum we should see the GBP/USD reach this level.

Australian Commodity Prices y/y Posted: 02 Aug 2010 11:33 PM PDT The AUD made slight gains against all of the major currency pairs after Aussie commodity prices came in at 51.0%; up from the prior reading of 43.0%.

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