News in 60 Seconds

CAD blows out its employment numbers to the upside: Employment Change +93.2k vs. 17.9k expected. Last time was 24.7k.

CAD Unemployment Rate better/lower at 7.9% vs. 8.1% expected and 8.1% last time. http://www.dailyfx.com/forex/fundame...mployment.html

Biggest % gainers: CAD/JPY up 1.32%, USD/CHF, GBP/CHF, EUR/CHF on CAD strength and CHF weakness.

Biggest % losers: EUR/CAD down 1.65%, AUD/CAD down 1.24%, USD/CAD down 1.06%, on CAD strength.

GBP PPI Input m/m worse at -0.2% vs. 0.1% expected. Last time revised higher to -0.2% vs. -0.6% formerly.

CAD Housing Starts worse ...

Biggest % gainers: AUD/JPY up 2.28%, NZD/JPY up 1.59%, AUD/USD, CAD/JPY, EUR/JPY, CHF/JPY, AUD/CAD on yen weakness & commodity dollar strength after that bullish AUD employment report.

Biggest % losers: GBP/AUD down 1.62%, EUR/AUD down 1% on AUD strength.

Gold $1,200
Oil $75.25

GBP BOE holds rates steady at 0.50%.
GBP Asset Purchase Facility kept at 200B as expected.

EUR ECB holds rates steady at 1.00%.
ECB Press Conference at 8:30am EST today. (Trichet comments attached).

USD Unemployment Claims better than expected at 454k vs. 461k expected and 475k last time.

GBP Halifax HPI m/m worse at -0.6% vs +0.6% expected. Last ...

mild day today so far...

Biggest % gainers: USD/TRY up 0.30%, USD/SGD, NZD/USD, GBP/AUD, no distinct trends here.

Biggest % losers: EUR/JPY down 0.58%, EUR/CHF, EUR/NZD on mild EUR weakness.

Gold $1,192
Oil $72.67

Central banks are selling gold to the BIS (Bank of International Settlements) in droves right now! These countries need to raise cash and so selling some of their gold that has appreciated nicely is a way to do that. How much gold have they sold? They've sold 349 metric tons of gold since December which raised $14 billion for these central banks.

The Baltic Dry Index has cut in half in the last 30-40 days showing that global trade is collapsing once ...

Biggest % gainers: AUD/JPY up 1.70%, AUD/USD, NZD/JPY, NZD/USD on AUD & NZD strength.

Biggest % losers: USD/ZAR down 1.54%, GBP/AUD, EUR/AUD on AUD strength.

Gold down almost $20 to 1,190 an ounce.
Oil $72.92

AUD ...last night's Trade Balance report came in better than expected..rates held unchanged. DailyFX has a thorough update on it here: http://www.dailyfx.com/forex/fundame...Rates__US.html

AUD Reserve Bank of Australia says that spending and investment is growing and that gave AUD a pop overnight in addition to the positive Trade Balance data.

CAD Building Permits ...