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Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

University of Michigan Confidence Showing a Strong Number 67.7 vs. Survey of 65.8 and a Prior Figure of 64.1

Posted: 09 Dec 2011 07:03 AM PST

EUR/USD trading higher.

Canada Productivity Improves, While Merchandise Trade Slides

Posted: 09 Dec 2011 05:34 AM PST

Labor Productivity:     Survey:  -0.3%    Actual: 0.4%     Prior:  -0.9%     Revised: -1.0%

Canada Int'l Merchandise Trade:    Survey:  0.70B   Actual: -0.89B   Prior: 1.25B  Revised: 1.03B

US Trade Balance Shows Slight Improvement Shrinking 1.6%

Posted: 09 Dec 2011 05:31 AM PST

Bobbys Corner-Open Market-December.9.2011

Posted: 09 Dec 2011 05:16 AM PST

Good Morning:

An agreement of “sorts” was supported by European leaders in Brussels overnight.
The Euro Zone leaders agreed to a larger rescue fund along with additional budget rules that have been tightened up for EU members.
It will be a slow, painful process, but it looks like they will  finally start to work together and move toward a common fiscal policy.
French and Belgium bonds rose after the announcement by European leaders that they have come up with a new debt crisis agreement.
Italian and Spanish bonds also rose-as the ECB was in the market buying the bods.

Asian equity markets were mostly lower during their session-but European indexes were higher after the European announcement.
US Futures are also pointing to a higher opening.

Gold, Silver & oil are all higher.



US Trade Balance Due at 8:30AM

Posted: 09 Dec 2011 04:31 AM PST

Canada Labor Productivity and Trade Balance Data Due at 8:30AM

Posted: 09 Dec 2011 04:24 AM PST

UK PPI and Trade Balance

Posted: 09 Dec 2011 01:37 AM PST

UK PPI input m/m came in at 0.1%, weaker than the 0.3% expected.

PPI output m/m came in at 0.2%, as expected.

Trade balance came in at a 7.6 bln deficit, stronger than the 9.5 bln expected.

Gbp/Usd has gained about 10 pips to 1.5627 upon release.

German Trade Balance

Posted: 08 Dec 2011 11:06 PM PST

German trade balance came in at 12.6 bln, weaker than the 14.5 bln expected.

Eur/Usd fell below 1.33, currently trading at 1.3295.

IMF’s Zhu; Asia fragile on European crisis

Posted: 08 Dec 2011 11:03 PM PST

* emerging nations outlook weakens on debt crisis

* foreign investors fleeing EU debt market

* EU debt crisis core to financial turbulence

* Asia economies have large exposure to EU banks

12-9 Economic Calendar

Posted: 08 Dec 2011 08:59 PM PST

Euro Trading Off Lows on the Following:

Posted: 08 Dec 2011 08:15 PM PST

  • Sarkozy says Euro accord wont include all 27 EU nations.
  • Draghi says ‘very good outcome’ for Euro area at Summit talks, more work needed.
  • Merkel says tighter budget controls agreed among Euro 17.

usd/hkd broke through 38.2% now getting close to 50% retracement.

Posted: 08 Dec 2011 07:26 PM PST

usd/hkd broke through 38.2% now getting close to 50% retracement level.

China’s November Inflation Readings

Posted: 08 Dec 2011 05:31 PM PST

Inflationary affects in China continue to slow as does growth evident in the softer data received below. The market has however shrugged off the November release, even though this allows China more room for monetary easing going forward.

  • Consumer Price Index (YoY) – Survey:4.5%   Actual:4.2%   Prior:5.5%
  • Producer Price Index (YoY) – Survey:3.4%   Actual:2.7%   Prior:5.0%

China Sets Yuan Reference Rate @ 6.3352

Posted: 08 Dec 2011 05:21 PM PST

usd/hkd finally testing the 38.2% retracement level.

Posted: 08 Dec 2011 04:58 PM PST

usd/hkd finally testing the 38.2% retracement level.

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