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Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Dallas Fed Manufacturing Index Slides Down to a Very Weak -3.0 vs 4.5 Survey.

Posted: 27 Dec 2011 07:30 AM PST

Better Consumer Confidence data to end the year. GBPUSD trying to hold key support.

Posted: 27 Dec 2011 07:12 AM PST

The Consumer Confidence number from the Conference Board came out better than expected at 64. 5 vs 58.9 expectations. The number was the highest reading since Aprils 66.00. February had the highest reading at 72 for the year.

The EURUSD is just above the 100 hour MA at the 1.3062 level and holding steady. The GBPUSD is also above the 100 hour MA at 1.5657 level. The level also corresponds with the 38.2% of the move down from the December 20th high (last weeks high).  Stay above this important intraday level and the 1.5679 high for the day/week should be tested.

US Consumer Confidence Data Moves to the Upside 65.5 vs Survey of 58.6 and Prior of 56.0, Revision a Touch Worse

Posted: 27 Dec 2011 07:00 AM PST

Richmond fed manufacturing index shoots lower to 3 vs survey of 5 and prior of 0.

EURUSD near unchanged on the day as stocks get ready to open

Posted: 27 Dec 2011 06:27 AM PST

The EURUSD is in a narrow 43 pips range today as the stock get ready to open. level. The Case Schiller data was weaker than expected which may lead to a weaker stock opening.  The price is at the 100 hour MA which is currently at the 1.3062 level.  The close from yesterday came in at the 1.3057.

There is a topside trendline on the hourly chart at the 1.3081 level.  If the price can remain above the 100 hour MA, this is where the price should move toward. The high for the day has come in at 1.3082. This is the same high as yesterday.

ON the downside, the 200 hour MA and trendline support come in at the 1.3047-49 level.  A break below this level is needed to push the price further. The low for the day at the 1.3040. The low from Friday at 1.3025 will be another downside target.

I am expecting a little more activity today versus yesterday, with an extension of the narrow trading range at some point. Stocks are open today. There is chatter in the market about Italian bond auctions later this week.  This should lead to some jockeying by traders.

S&P Data All Moves to The Downside

Posted: 27 Dec 2011 06:01 AM PST

S&P/CS 20 City (MoM%) SA:  Survey: -0.34%     Actual:  -0.62%     Prior: -0.57%     Revised:  -0.66%

S&P/CS Composite-20 (YOY):   Survey: -3.22%     Actual: -3.40%     Prior: -3.59%    Revised: -3.54%

S&P/CaseShiller Home Price Index:    Actual: 140.30   Prior: 141.97    Revised: 142.04

S&P CaseShiller Data Due at 9AM

Posted: 27 Dec 2011 05:20 AM PST

The NY Morning Review and Preview for December 27th 2011

Posted: 27 Dec 2011 04:36 AM PST

Major Currency Movers (Daily % Change)

Stocks and Commodities

 

Key Events and Releases Overnight

Key NY Scheduled Events and Releases

 

European equities open higher

Posted: 27 Dec 2011 01:10 AM PST

  • FTSE +55.73
  • DAX + 25.75
  • CAC + 15.60

Moody’s says weak Japan growth outlook boosts policy challenged.

Posted: 27 Dec 2011 01:09 AM PST

Swiss UBS consumption indicator 0.81 vs. 0.90 prior.

Posted: 26 Dec 2011 11:07 PM PST

Japanese housing starts -0.3%; better than expected.

Posted: 26 Dec 2011 09:56 PM PST

12-27

Posted: 26 Dec 2011 09:10 PM PST

usd/hkd in a downward channel.

Posted: 26 Dec 2011 08:01 PM PST

usd/hkd in a downward channel in this daily chart.

usd/cnh continue to stay under 6.3487 for another day.

Posted: 26 Dec 2011 07:58 PM PST

usd/cnh continue to stay under 6.3487 for another day.

China’s Industrial Production Profits

Posted: 26 Dec 2011 06:05 PM PST

China’s Industrial Production Profits YTD in November on a year over year basis fell to 24.4% from the prior reading of 25.3%.

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