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Today' economic News

Forex Ira — Fri, 04 Jan 2008 01:17:00 -0500

Expected releases today......

1:45 am EDT Swiss CPI expected 0.1 %

3:55 am EDT German,EUR Services PMI expected 52.5,53.2

4:30 am EDT UK Services PMI Expected 51.6

UK Mortgage Approvals

5:00 am EDT EUROZONE CPI expected 3.1 %

And

8:30 am EDT US PAYROLL

Initial Claims 337K Worse than expected

Greg Michalowski — Thu, 18 Oct 2007 08:32:49 -0400

Initial Claims rose to 337K with estimates at 315K. The market and stock market will be digesting whether this is the start of deteriorating employment situation or simply an aberration.

UK Retail Sales Overnight Better than expected

Greg Michalowski — Thu, 18 Oct 2007 08:30:57 -0400

UK September retails sales increase again by 0.6% stronger than market expectations of a 0.2% increase.

Market must have discounted the news, frustrate on the news

Greg Michalowski — Wed, 17 Oct 2007 14:13:49 -0400

Stocks only down 94 now. Crosses rebound from lows.

Feds Beige Book to be released at 2:00 PM NYT

Greg Michalowski — Wed, 17 Oct 2007 13:52:31 -0400

Biege Book is an anecdotal report of the economy by Fed Reserve District. As such it will provide a snapshot on how the economy is doing now.

GBPUSD testing support at 2.0350

Greg Michalowski — Wed, 17 Oct 2007 13:38:24 -0400

GBPUSD at support. A break should lead to a test of 2.0335.

SNB Roth says renewed weakness in Swiss Franc not justified by fundamentals

Greg Michalowski — Wed, 17 Oct 2007 12:03:40 -0400

This is probably more a reaction to the level of the EURCHF which trades near the highs at 1.6788 level (high is 1.6827). There has been no change in the value since the comment.

GBPJPY snaps back.. so do other pairs...

Greg Michalowski — Wed, 17 Oct 2007 11:55:34 -0400

After testing the 237.37 support level (21 hour MA) the pair snapped back. GBPUSD could ony get down to 2.0370, keeping the 2.0350 support a fair ways away.

USDJPY gets below 116.72 level. GBPJPY leads the way

Greg Michalowski — Wed, 17 Oct 2007 10:47:00 -0400

GBPJPY sold off through the intraday support at 238.24 and dragged USDJPY down through the 116.72 with it.

USDJPY approaching support at 116.72

Greg Michalowski — Wed, 17 Oct 2007 09:51:22 -0400

21 bar MA on the hourly chart. GBPJPY at support at 238.24 as well (midpoint of the move down from the recent high on Oct 15th)