News in 60 Seconds

My latest forex video at the FXCM Las Vegas conference: http://forexforums.dailyfx.com/sean-...tml#post542979

Biggest % gainers: USD/ZAR up 0.77%, GBP/AUD, GBP/CHF, USD/CAD, GBP/USD on GBP strength and commodity currency weakness.

Biggest % losers: CAD/JPY down 0.86%, AUD/JPY, NZD/JPY, EUR/JPY, CHF/JPY on JPY strength and commodity currency weakness.

Gold $1,207
Oil $76.72

NZD Retail Sales m/m came out worse than expected last night, weighing on the commodity currencies this morning.

French Bank Holiday today...in observance of National Day.

GBP Claimant Count change better at -20.8K vs. -20.1K expected and -31.1K last time.

EUR CPI y/y in line at 1.4% as expected and same as last time.

USD Core Retail Sales m/m in line at -0.1%. Last ...

Biggest % gainers: GBP/USD up 0.73%, GBP/AUD, GBP/JPY on GBP strength.

Biggest % losers: USD/ZAR down0.71%, USD/CAD, EUR/GBP, EUR/CAD on GBP strength and some CAD strength. The South African rand is strong too, so the commodity currencies are strong at the moment.

Moody's cuts Portugal's Credit Rating. http://www.dailyfx.com/forex/market_...l_Debt_to.html

Gold $1,216 perking back up.
Oil $76.56

GBP CPI y/y inline at 3.2% but lower than 3.4% last time.

EUR German ZEW Economic Sentiment worse at 10.7 vs. 16.8 expected and 18.8 last time.

CAD Trade Balance worse at -0.5B vs. 0.0B expected and -0.3B ...

Biggest % gainers: USD/CHF up 0.62%, GBP/CHF on CHF weakness.

Biggest % losers: CHF/JPY down 0.57%, EUR/JPY, EUR/USD on CHF weakness and EUR weakness.

Gold $1,204
Oil $76.22

AUD Home Loans m/m came out better than expected at 1.9% vs. 0.7% expected. Last time improved to -1.5% from -1.8% previously.

GBP Final GDP q/q in line at 0.3% and same as last time.

USD Bernanke speaks at 10am EST today.

CAD BOC's Business Outlook Survey comes out at 10:30am EST today.

Sean Hyman
DailyFX Forum Moderator