Posted: 15 Jul 2010 06:39 AM PDT

Here is the technical update for US session for majors:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-07-15.v02.html

Posted: 15 Jul 2010 05:33 AM PDT

While we have a slight improvement in weekly unemployment readings, down to 329K, both PPI and Empire State manufacturing index come out much worse than expected or even previous month. Stocks are down, but only USD/JPY reflects the movement; euro and pound are holding to early gains. Watch however for some pullbacks from here. not as strong as USD/JPY

Another day, another dollar fall

Posted: 15 Jul 2010 04:56 AM PDT

Hi everyone and welcome back! dollar coninues losing ground against major rivals, particularly against Euroepan ones. As we comment past Asian session in the daily wrap up webinar, both Euro and Pound reached higher levels, thus i do believe that we can see a bit more still in Pound before a corrrection takes place: check this link for full GBP/USD technical view:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-07-15.html

Anyway as usual at this time of the day, we are seeing some consolidation before next moves; trend is set to continue, so wait for some pullbacks to find better prices. We have a good amount of US data to be release in 30 minutes, so watch stocks reactions to it, mostly regarding USD/JPY: this one is under pressure, but good US data should favor more gains in stocks, and so, a bullish run in this one.

Here is the link for todays’ calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!