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[COLOR=#000000][FONT=Times New Roman][FONT=Arial][B]A new wave of dollar weakness brings the Canadian dollar and the Swiss Franc closer to parity. Both just made strong moves, but have different characteristics.[/B]

[B]USD/CAD[/B]

The Canadian dollar made a move during Canadian Thanksgiving. After closing at 1.0421, USD/CAD went to the low 1.03s, where it was stuck above the support line of 1.03 mentioned in the [URL="http://www.forexcrunch.com/category/forex-weekly-outlook/usd-cad-outlook/"][I][B]USD/CAD Outlook[/B][/I][/URL].. This was a significant resistance and support line during 2003.

And now, when holidays around the world ended, the Canadian dollar enjoyed the weakness of the greenback and made ...

Gold hits another ALL TIME HIGH: $1,068.50!
Oil $74
Silver $17.89

Biggest % gainers on the day so far: EUR/GBP, EUR/USD, EUR/CAD, EUR/JPY....I think I see a trend here...euro strength!

Biggest % losers on the day so far: USD/CHF, GBP/CHF, AUD/CHF. There's broad Swiss franc strength too.

Nothing up or down over 1% this morning though. So it's a mild market so far this morning.

GBP CPI Y/Y worse 1.1% vs. 1.3% expected and 1.6% last time. Inflation is actually falling right now in the U.K.

EUR - German ZEW Economic Sentiment worse than expected 56.0 vs. 58.6 expected and 57.7 last time.

NZD Retail Sales m/m last night came in far better ...

[COLOR=#000000][FONT=Times New Roman][FONT=Arial][B]After a day of vacations and light trading, the calendar is quite crowded today. British inflation numbers and the important German ZEW Economic Sentiment are the highlights of today. Let’s see what’s on the menu:[/B]

In Britain, the BRC Retail Sales Monitor rose by 2.8%, after falling 0.1% last month. Also the second overnight figure was good: RICS House Price Balance exceeded expectations of a 15.1% rise and went up by 22%, showing again that British house prices are rising. This didn’t help GBP/USD, which is now trading at 1.5783.

CPI is due later in Britain. It’s expected to slow and rise by 1.3% annually adjusted). Also the Core CPI is expected to show a ...