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FOREX News & Commentary

ECB Lending higher than expectations. US GDP, Bernanke and Feds Beige Book awaited.

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The US dollar falls on better German data, but lower GDP estimates are a reminder of the risks

GBPUSD falls to 100 day MA and Fibo Retracement support. USDJPY breaks above 80.00

The FXDD Morning Review

The USDJPY has continued it’s trend move higher eclipsing the 80.00 level for the first time since October 31st 2011 – the day of the BOJ intervention.

EU bailout new dominates the overnight activity.

EURUSD up on Greece Optimism. PBOC lower reserve requirement. Japan record trade deficit

EURUSD falls to 50% retracement. USDCHF trends higher. GBPUSD stalls at key support

Greek vote sends EURUSD higher. Japan GDP declines.

The Forex Week Ahead

EURUSD head lower on Greek concerns. Risk off in the AUDUSD as RBA cuts GDP/CPI estimates

New Zealand Q4 Employment Report

The New Zealand Unemployment Rate fell, however a closer looks shows a steeper drop in the Participation Rate. As a result the Kiwi had a short- lived bid jumping 25+pips on the headline number before coming back to pre-release levels.

  • Unemployment Rate – Survey:6.5%   Actual:6.3%   Prior:6.6%
  • Employment Change (QoQ) – Survey:0.4%   Actual:0.1%   Prior:0.2%
  • Employment Change (YoY) – Survey:1.9%   Actual:1.6%   Prior:1.1%
  • Participation Rate – Survey:68.5%   Actual:68.2%   Prior:68.4%
Reserve Bank of Australia surprises the market. Dollar gains vs EURUSD but gains contained

No Greece PSI or austerity agreement sends the EURUSD lower.

Bobbys Corner-Open Market-January.11.2012

Good Morning:

Bobbys Corner-Open Market-October.19.2011

Good Morning:

Bobbys Corner-Open Market-Aug.1.2011

Good Morning:

With no extra time to spare-Congressional leaders and the White House have agreed in principle to a new Debt-Limit deal.  Leaders will spend the day pushing this bill through their rank and file members.  The Congress expects to get this bill passed today-as the deadline is tomorrow August 2.
The greenback has been soft-even after the debt-limit deal had been announced.

The Forex Week Ahead from FXDD

Bobbys Corner-Open Market-April.12.2011

Good Morning:bob-slade-forex-2-150x200

FXDDAuto Webinar ON AIR NOW 12pm-1pm est

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We’d like to invite you to join Oz Golan, Director of Institutional Sales at Tradency and Shawn Powell for a free interactive webinar highlighting the features and functionalities of FXDD Auto. This is your opportunity to learn how to employ the FXDD Auto tools and strategies from a Tradency expert, as well as ask questions. Enter the live class now - ON AIR NOW

Bobbys Corner-Open Market-April.4.2011

bob-slade-forex-2-150x200Good Morning:

A fairly lackluster start to the week-with no real changes in the majors, and crosses showing very little real net change.
Friday’s good US employment data may begin to prompt the FED to remove some of the “accommodating bias” rhetoric in their statements-but if we see a better employment  data, along with true growth-the FOMC will need to begin to change it’s course of monetary action  sooner than later.

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Special Non-farm Payroll Roundtable Thursday at 1pm


Join the FXDD team for a special Non-farm Payroll roundtable with Greg Michalowski, Bill Lawless and Shawn Powell Thursday March 31st at 1pm EST >> Click here to reserve your seat


Special FXDDAuto Webinar April 7th 2011 12pm

FXDD Is pleased to announce a special FXDDAuto training webinar which takes place on April 7th 2011 at 12pm EST. Register now to reserve your seat

FXDD Week ahead in trading this Monday 9:30am

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FXDD Week ahead in trading this Monday, February 28th at 9:30am - Sign up to save your seat online

Greg speaks today at 2:45pm at the NY Traders Expo

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FXDD’s Greg Michalowski speaks today at 2:45pm EST at the NY Traders Expo in the Marriott Marquis hotel Times Square. Its free to attend and we hope that you can make it.