EURUSD keeps bearish bias in volatile action
USDCHF: Failed break is a reason to correct
NY Morning Forex Commentary is available for viewing
EURUSD corrects after 10 day rally and 800 pips
The EURUSD corrects after 10 day rally and 800 pips. The bias remains to the downside today as long as the price stays below the 1.3360 area where the 100 bar MA on the 5 minute chart is found. If so, I expect further profit taking.
NY Opening Forex Commentary. EURUSD corrects, GBPUSD remains range bound
Bobbys Corner-Open Market-Sept.23.2010
Good Morning:
Today is the first (full) day of Fall.
The Euro lost some steam in overnight trading-as data showed that Europe’s services and manufacturing sectors declined-thus adding to speculation that the Euro Zone’s economic recovery seems to be faltering. Data from the UK showed continued weakness in the housing market-but the GBP did not lose much momentum.
Today we have data on the US housing sector-and analysts expect an increase over July-but it will be the weakest number in a decade. Initial jobless claims are expected to stay flat from last weeks data (see below)
World equity markets are mostly lower-as reports of slowing growth in global economies have added a bit of fear in the marketplace.
US Futures are also lower at this time.
Oil:$74.00 Gold:$1293.00
| TIME | FOR | EST. | PRIOR | |||
| 08:30AM | INITIAL JOBLESS CLAIMS | SEP 18 | 45OK | 450K | ||
| 08:30AM | CONTINUING CLAIMS | SEP 11 | 4473K | 4485K | ||
| 10:00AM | EXISITNG HOME SALES | AUGUST | 4.1OM | 3.83M | ||
| 10:00AM | LEADING INDICATORS | AUGUST | O.1% | O.1% | ||
HAVE A GREAT DAY & GOOD LUCK
Forex Evening Report- Sept 22
Forex Evening Report- Sept 22
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Forex Midday Report- Sept 22




