Forex Market Updates & Commentary

---

• Canada Ivey 58.7 in April
• Bullard Makes Remarks on Interest
• Forex QUICK: UK election? GBPUSD buys time in between support and resistance
• Bernanke on newswires
• Forex QUICK: EURUSD falls on German Economic Minister comments
• Forex Morning Report - May 6th
• German Minister Wolfgang Schaeuble on the Newswires
• “ECB did not discuss buying bonds”
• ECB Trichet comments
• ECB Trichets early comments as expected.
• Review of Economic Statistics for the US/Canada
• S & P says Italy outlook stable.
• Forex Economic releases for May 6th
• No change in rates ECB
• NY Opening Forex Commentary for May 6th is available for viewing

Canada Ivey 58.7 in April Posted: 06 May 2010 07:01 AM PDT They were expecting 55.5. THis is much better than expected and we are seeing a move lower in the USDCAD Employment 54.0 vs 51.6 Inventory 50.0 vs 55.2 Supplier Delivery 42.5 vs 44.3 Prices 59.2 vs 61.5

Bullard Makes Remarks on Interest Posted: 06 May 2010 07:00 AM PDT Feds Bullard says he would embark on sales of assets first than raise interest rates.

Forex QUICK: UK election? GBPUSD buys time in between support and resistance Posted: 06 May 2010 06:49 AM PDT

Bernanke on newswires Posted: 06 May 2010 06:31 AM PDT Fed working to restore credit to worthy borrowers but credit demand is tepid as the economy continues to be under stress. Lending opportunities are scarce for small banks. Nevertheless, he also says the eeconomy has continued to strengthen.

Forex QUICK: EURUSD falls on German Economic Minister comments Posted: 06 May 2010 06:30 AM PDT

Forex Morning Report - May 6th Posted: 06 May 2010 06:25 AM PDT

German Minister Wolfgang Schaeuble on the Newswires Posted: 06 May 2010 06:20 AM PDT German economic minister says i am not yet worried by euros depreciation.

“ECB did not discuss buying bonds” Posted: 06 May 2010 05:53 AM PDT Also did not discuss orderly default procedure Says Greece will not default. Loans to Greece warranted. The ECB had to alter collateral rules.

ECB Trichet comments Posted: 06 May 2010 05:46 AM PDT So far, Trichet is expected. He warns that “global inflation” may increase. Expects moderate inflation in the medium term but must monitor price indicators closely. Says rates are appropriate. Says decisive action needed by gov’t with current efforts stepped up and warns that the longer fiscal corrections postponed, the greater will be the need later. He says he welcomes the Greek budget proposals. Portugal speculation is unfounded.

ECB Trichets early comments as expected. Posted: 06 May 2010 05:43 AM PDT

Review of Economic Statistics for the US/Canada Posted: 06 May 2010 05:36 AM PDT

S & P says Italy outlook stable. Posted: 06 May 2010 05:27 AM PDT This is giving the EURUSD a slight bid before Trichets more important comments.

Forex Economic releases for May 6th Posted: 06 May 2010 05:23 AM PDT

No change in rates ECB Posted: 06 May 2010 04:45 AM PDT Trichet awaited at 8:30 AM.

NY Opening Forex Commentary for May 6th is available for viewing Posted: 06 May 2010 04:35 AM PDT

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

Forex Market Updates & Commentary

---

• ISM Stays Unchanged
• Forex QUICK: USDJPY sees flight into JPY. 200 hour MA tested
• ISM Data Expectations a Touch Better
• Forex Morning Report - May 5th
• Forex QUICK:EURUSD in freefall as key support gives way.
• Euro Libor Rates under rising indicative of tightening credit
• New Zealand Reserve Bank Governor Alan Bollard
• Next FXDD Webinar Thursday May 6th
• Forex QUICK:EURUSD moves down to key support at 1.2885 as selling continues
• ADP Employment Data Positive
• Moody’s says Portugals AA2 rating on watch
• ADP Employment Change Data to be Released at 8:15
• Forex QUICK: Economic Releases and Events for May 5th
• Rebroadcast of Tuesday’s Webinar
• NY Opening Forex Commentary for May 5th is available for viewing

ISM Stays Unchanged Posted: 05 May 2010 07:03 AM PDT ISM Non-Manf. Composite:    Survey: 56.0     Actual:55.4     Prior:55.4 The ISM data has remained unchanged as the prior figure of 55.4 is the same as our actual figure.

Forex QUICK: USDJPY sees flight into JPY. 200 hour MA tested Posted: 05 May 2010 06:55 AM PDT Forex QUICK: USDJPY sees flight into JPY. 200 hour MA tested

ISM Data Expectations a Touch Better Posted: 05 May 2010 06:23 AM PDT

Forex Morning Report - May 5th Posted: 05 May 2010 06:22 AM PDT Watch the latest FXDD news broadcast

Forex QUICK:EURUSD in freefall as key support gives way. Posted: 05 May 2010 06:21 AM PDT Forex QUICK:EURUSD in freefall as key support gives way.

Euro Libor Rates under rising indicative of tightening credit Posted: 05 May 2010 05:58 AM PDT Front Eurodollar interest rate contract is under pressure.  Down 7 bps, implying LIBOR setting at 58 bps by the June IMM.  There is a sense of panic that is settling in the EUROzone and in the money markets.

New Zealand Reserve Bank Governor Alan Bollard Posted: 05 May 2010 05:50 AM PDT New Zealand Reserve Bank Governor Alan Bollard will speak on the outlook for the New Zealand economy tomorrow at 10 a.m. local time (6 PM NY time). His comments expand on the bank's statement on April 29, the central bank said. The Central Bank has not tightened as of yet. At the last meeting they indicated that tightening was likely to start but specifically when is unclear. They also commented that the overnight cash rate (OCR) would likely not need to increased as much as in the past. "As previously indicated, we expect to begin removing policy stimulus over the coming months, provided the economy continues to evolve as projected. "The increased wedge between the OCR and lending rates, as well as a steeply positive-sloped interest rate curve, is expected to make OCR increases more effective than in the past. Accordingly, these factors should reduce the extent to which the OCR will need to be increased relative to previous cycles."

Next FXDD Webinar Thursday May 6th Posted: 05 May 2010 05:44 AM PDT Our next Webinar takes place at 4pm NYT on Thursday May 6th 2010. Please register in advance >> here

Forex QUICK:EURUSD moves down to key support at 1.2885 as selling continues Posted: 05 May 2010 05:42 AM PDT

ADP Employment Data Positive Posted: 05 May 2010 05:16 AM PDT             ADP Employment Change:    Survey: 30K     Actual:32K     Prior:-23K             The number was right  near the survey and does hit a positive note for the first time since January of 2008.

Moody’s says Portugals AA2 rating on watch Posted: 05 May 2010 05:15 AM PDT Moody’s says Portugals AA2 rating on watch for possible downgrade. On April 28th S&P lowered Portugals rating to A+ to A-

ADP Employment Change Data to be Released at 8:15 Posted: 05 May 2010 05:05 AM PDT ADP Employment change is expected to have a positive number for the first time since January of 2008. We have a survey of 30K expected vs a prior number of -23K.

Forex QUICK: Economic Releases and Events for May 5th Posted: 05 May 2010 05:01 AM PDT

Rebroadcast of Tuesday’s Webinar Posted: 05 May 2010 04:59 AM PDT Rebroadcast of Tuesday’s Webinar. May 4th 2010 >> Click to watch

NY Opening Forex Commentary for May 5th is available for viewing Posted: 05 May 2010 04:45 AM PDT

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

Forex Market Updates & Commentary

---

• Forex QUICK. Factory Orders and Pending Home Sales. USDJPY moves up toward resistance
• Factory Orders and Pending Home Sales Data Released
• Forex QUICK: AUDUSD breaks support trendline
• Dow down > 100 on opening
• Forex Morning Report - May 4th
• Forex QUICK: EURUSD pauses at trendline support now but little bounce so far
• US Factory Orders and Pending Home Sales due at 10:00 AM
• Bobbys Corner-Open Market-May4,2010
• Forex QUICK: USDCHF tests 50% Fibonacci Retracement resistance
• Forex QUICK: EURUSD tests 1.3088 target support level
• The NY Opening Forex Commentary is available for viewing.
• NY Opening Forex Commentary is available for viewing
• Eurozone PPI
• UK Manufacturing PMI
• German Retail Sales

Forex QUICK. Factory Orders and Pending Home Sales. USDJPY moves up toward resistance Posted: 04 May 2010 07:05 AM PDT

Factory Orders and Pending Home Sales Data Released Posted: 04 May 2010 07:00 AM PDT Factory Orders:                           Survey: 0.0%   Actual: 1.3 %   Prior: 0.6%  Revised: 1.3% Pending Home Sales(MoM):   Survey: 5.0%   Actual: 5.3%   Prior: 8.2%  Revised: 8.3% Pending Home Sales(YoY):    Survey: 19.5%   Actual: 23.5%   Prior: 17.3%  Revised: 17.4%

Forex QUICK: AUDUSD breaks support trendline Posted: 04 May 2010 06:48 AM PDT Forex QUICK: AUDUSD breaks support trendline

Dow down > 100 on opening Posted: 04 May 2010 06:31 AM PDT

Forex Morning Report - May 4th Posted: 04 May 2010 06:30 AM PDT New Forex Report ready for viewing

Forex QUICK: EURUSD pauses at trendline support now but little bounce so far Posted: 04 May 2010 06:24 AM PDT Forex QUICK: EURUSD pauses at trendline support now but little bounce so far

US Factory Orders and Pending Home Sales due at 10:00 AM Posted: 04 May 2010 05:50 AM PDT   Charts and data are courtesy of www.fxddondemand.com

Bobbys Corner-Open Market-May4,2010 Posted: 04 May 2010 05:37 AM PDT Good Morning: I am writing from Amman, Jordan where we are attending the 5th Jordan Forex Expo.  The attendance is brisk, and FXDD’s presence in the Middle East is growing. Now back to the markets: The Euro continues to be under pressure, even as the bailout package for Greece is reaching final approval.  The EUR/USD pair has hit a session low of 1.3088. The ECB is also under pressure as concerns that the Greek crisis could undermine the Euro becomes a major concern for the marketplace.   Speculation the the Greek bailout will not stop the debt issues facing some EU countries, along with a lack of confidence in Greece’s government are also adding preesure on the single currency.    The Aussie also sold off after the central bank raised interest rates for the sixth time.  They signaled that the pace of  interst rate increases may slow. European equity markets and US futures are lower, as data showing Chinese manufacturing has slowed, and the BP oil rig disaster in the gulf may leave resource companies vulnerable. Metals are lower along with oil. HAVE A GREAT DAY & GOOD LUCK

Forex QUICK: USDCHF tests 50% Fibonacci Retracement resistance Posted: 04 May 2010 05:20 AM PDT Forex QUICK: USDCHF tests 50% Fibonacci Retracement resistance

Forex QUICK: EURUSD tests 1.3088 target support level Posted: 04 May 2010 05:13 AM PDT Forex QUICK: EURUSD tests 1.3088 target support level

The NY Opening Forex Commentary is available for viewing. Posted: 04 May 2010 04:33 AM PDT The NY Opening Forex Commentary is available for viewing.

NY Opening Forex Commentary is available for viewing Posted: 04 May 2010 04:20 AM PDT VIdeo Pending

Eurozone PPI Posted: 04 May 2010 02:01 AM PDT The market had a limited reaction to Eurozone PPI which came in at 0.6%; slightly worse than the forecast of 0.8% but better than the prior reading of 0.1%.

UK Manufacturing PMI Posted: 04 May 2010 01:32 AM PDT The GBP traded slightly higher after the UK April manufacturing PMI came in at 58.0, the highest reading since September 1994; the survey was 57.5 and prior reading was 57.2. Also, net lending m/m came in worse at 0.6B versus the forecast of 2.0B and final mortgage approvals came in slightly worse at 49K.

German Retail Sales Posted: 03 May 2010 11:02 PM PDT The EUR traded slightly lower after German March retail sales came in at -2.4%; worse than the 0.0% forecast.

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

Forex Market Updates & Commentary

---

• US ISM comes in better than expectations
• Forex QUICK: EURGBP falls below 100 and 200 bar MA support and sends the EURUSD and GBPUSD in opposite directions
• Forex QUICK AUDUSD prepares for the RBA announcement
• Forex Morning Report - May 3rd
• ECB will accept all Greek Debt as collateral
• Germany’s Merkel on the newswires
• Forex QUICK: EURUSD tries to push higher. Watching 1.3233 below.
• Forex QUICK: USDJPY moves above ceiling resistance at 94.34
• Consumer Spending and Income come in as expected.
• The Economic Releases and Events for May 3rd
• The NY Opening Forex Commentary is available for viewing
• Eurozone Final Manufacturing PMI
• Swiss SVME PMI
• ECB suspends collateral rules on Greek bonds

US ISM comes in better than expectations Posted: 03 May 2010 07:07 AM PDT US ISM comes in better than expectations ORDER BACKLOG INDEX 57.5 VS 58.0 IN MARCH PRICES-PAID INDEX 78.0 VS 75.0 IN MARCH INVENTORIES INDEX 49.4 VS 55.3 IN MARCH EMPLOYMENT INDEX 58.5 VS 55.1 IN MARCH PRODUCTION INDEX 66.9 VS 61.1 IN MARCH NEW ORDERS INDEX 65.7 VS 61.5 IN MARCH

Forex QUICK: EURGBP falls below 100 and 200 bar MA support and sends the EURUSD and GBPUSD in opposite directions Posted: 03 May 2010 06:48 AM PDT Forex QUICK: EURGBP falls below 100 and 200 bar MA support and sends the EURUSD and GBPUSD in opposite directions

Forex QUICK AUDUSD prepares for the RBA announcement Posted: 03 May 2010 06:33 AM PDT Forex QUICK AUDUSD prepares for the RBA announcement

Forex Morning Report - May 3rd Posted: 03 May 2010 06:25 AM PDT

ECB will accept all Greek Debt as collateral Posted: 03 May 2010 06:03 AM PDT As part of the package released for Greek debt aid, the ECB will accept all Greek debt as collateral.  That is if Moody’s or Fitch were to lower the Greek debt to Junk status, the ECB would still accept the sovereign debt from Greek banks if they pledged it as collateral to get funding.  This is important as S&P is already below junk status at BB+ . Fitch is one notch away and Moody’s is expected to change their rating shortly (perhaps as early as today).  Although the rating downgrade will be a negative, it won’t be as shocking given the announcement.

Germany’s Merkel on the newswires Posted: 03 May 2010 05:56 AM PDT Says: Aid meant to stabilize Euro which will help German citizens. Lessons learned from Greek crisis Calls for extra steps to hinder the speculation States must be strict with budgets.

Forex QUICK: EURUSD tries to push higher. Watching 1.3233 below. Posted: 03 May 2010 05:53 AM PDT Forex QUICK: EURUSD tries to push higher. Watching 1.3233 below.

Forex QUICK: USDJPY moves above ceiling resistance at 94.34 Posted: 03 May 2010 05:45 AM PDT Forex QUICK: USDJPY moves above ceiling resistance at 94.34

Consumer Spending and Income come in as expected. Posted: 03 May 2010 05:32 AM PDT Spending rises by 0.6% but the prior month is revised higher to +0.5% from +0.3% Income rose by 0.3% after a revised 0.1% gain (was 0.0%). US Savings rate declined to 2.8% as spending outstrips income. This is the lowest level since September 2008 which is not a good sign for future spending patterns. THe PCE Core rose by 0.1% as expected. THe EURUSD is unchanged at 1.3240. The USDJPY has gotten a boost however, and has broken resistance at the 94.34 level.

The Economic Releases and Events for May 3rd Posted: 03 May 2010 05:18 AM PDT The Economic Releases and Events for May 3rd

The NY Opening Forex Commentary is available for viewing Posted: 03 May 2010 04:33 AM PDT In the Morning report I go through the technicals that are driving the EURUSD, GBPUSD, USDCHF, USDJPY and USDCAD.

Eurozone Final Manufacturing PMI Posted: 03 May 2010 01:22 AM PDT Eurozone Final Manufacturing PMI came in at 57.6, slightly stronger than the 57.5 expected. Eur/Usd continues to trade  1.3235-45.

Swiss SVME PMI Posted: 03 May 2010 12:32 AM PDT Swiss SVME PMI came in at 65.9,stronger than the 64.2 expected and prior reading of 65.5. Usd/Chf remains at 1.0835 with Eur/Chf unchanged as well at 1.4327.

ECB suspends collateral rules on Greek bonds Posted: 02 May 2010 11:45 PM PDT  The European Central Bank has suspended its collateral rules on banks depositing Greek bonds until further notice, this news coming in an e-mailed statement. They see a Greek deficit reduction plan for aid appropriate. Greek bonds open higher with the 2-year yield falling 91 basis points. Eur/Usd is about 40 points off its low, now trading at 1.3245.

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

Forex Market Updates & Commentary

---

• FXDD Forex Weekend Update - May 3rd-7th
• FXDD Online Training - Tuesday May 4th 4pm
• Forex Quick - USD/CAD
• Forex Midday Report - April 30
• Forex Quick USD/CHF
• Forex Quick EUR/USD
• Forex Quick USD/CAD

FXDD Forex Weekend Update - May 3rd-7th Posted: 30 Apr 2010 02:36 PM PDT Forex Weekend Update - May 3rd-7th Watch the video now

FXDD Online Training - Tuesday May 4th 4pm Posted: 30 Apr 2010 01:22 PM PDT FXDD Online Training - Tuesday May 4th @ 4pm - Click here to register

Forex Quick - USD/CAD Posted: 30 Apr 2010 11:43 AM PDT Forex Quick - USD/CAD

Forex Midday Report - April 30 Posted: 30 Apr 2010 09:30 AM PDT Forex Midday Report - April 30 Watch the video now

Forex Quick USD/CHF Posted: 30 Apr 2010 08:19 AM PDT Forex Quick USD/CHF

Forex Quick EUR/USD Posted: 30 Apr 2010 07:57 AM PDT Forex Quick EUR/USD

Forex Quick USD/CAD Posted: 30 Apr 2010 07:04 AM PDT Forex Quick USD/CAD

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610