Weekend Technical Review: USDCAD
Key Events and Releases for the week of July 4th to July 9th, 2010
Forex QUICK: EURUSD tests support at the 1.2531 level. See why?
Forex Midday Report- July 2
Forex Midday Report- July 2
Forex QUICK: USDCHF stays below trendlines but consolidates
Forex QUICK: Gold keeps bearish bias today. Below $1208 keeps pressure on.
Forex Morning Report- July 2
Forex Morning Report- July 2
Forex QUICK: GBPUSD has intraday support at 1.5177-81. 1.5240=38.2% Fibo Retracement target
Forex QUICK: USDJPY falls below trendline support at 87.63. 87.11 key support today.
Forex QUICK: EURUSD moves above 1.2569 but finds profit taking sellers above 1.2600
US Nonfarm Payrolls and Unemployment Slightly Better as Private Payrolls Fall
Change in Nonfarm Payrolls: Survey: -130K Actual: -125K Prior: 431K Revision: 433K
Change in Manufacturing Payrolls: Survey: 25K Actual: 9K Prior: 29K Revised: 32K
Change in Private Payrolls: Survey: 110K Actual: 83K Prior: 41K Revised: 33K
Unemployment Rate: Survey: 9.8% Actual: 9.5% Prior: 9.7%
Bobbys Corner-Open Market-July.2.2010
Good Morning:
The FX markets were quiet ahead of today’s employment data in the US. Many market participants are looking past the world’s sovereign debt problems, and looking at growth.
With data from China showing manufacturing slowing, and EU countries being concerned about growth (as their economies wrestle to keep their deficits in order), along with the decelerating US economy-the markets will be focused on future growth opportunities.
Equity markets rose, and US futures are higher.
Oil:$72.80 Gold:$1207.20
| 8:30A.M. | UNEMPLOYMENT RATE | JUNE | 9.80% | 9.70% | ||
| 8:30A.M. | CHANGE IN PRIVATE PAYROLLS | JUNE | 110K | 41K | ||
| 8:30A.M. | CHANGE IN NONFARM PAYROLLS | JUNE | -125K | 431K | ||
| 8:30A.M. | AVG. HOURLY EARNING MoM ALL EMP. | JUNE | 0.10% | 0.30% | ||
| 8:30A.M. | AVG.HOURLY EARNING YoY ALL EMP. | JUNE | 2.00% | 1.90% | ||
| 8:30A.M. | AVG. WEEKLY HOURS ALL EMPLOYEES JUNE | 34.2O | 34.2O | |||
| 10:00A.M. | FACTORY ORDERS | MAY | -0.50% | 1.20% | ||
| 10:00A.M. | ISM NON MANUF.COMPOSITE | JUNE | 55.3O | 55.4O | ||
HAVE A GREAT DAY-WEEKEND & GOOD LUCK




