AUD/NZD and AUD/CAD lead the % gainers on the day up 1.13% and 0.74% respectively. NZD/JPY and CAD/JPY lead the % losers with 0.95% and 0.64% respectively.
Theme of the day so far: Aussie strength, yen strength.
Aussie got a boost because they blew out their GDP numbers to the upside. 0.6% vs. 0.3% expected and 0.4% last time. So their economy continues to grow and expand (which makes it one of the few out there that has experienced expansion).
ADP Employment numbers came in at -298k vs. -250 expected and -360 last time (revised upward).
Factory Orders and Crude Oil Inventories still to come.
FOMC Member Lockhart speaks at 11:30am EST today.
Look for Aussie Trade Balance Numbers out tonight.
Asia and European stocks were down overnight. U.S. Stock Futures down so far. ADP numbers, weighing on stock futures and show the likelihood of a lower stock market opening which could influence yen carry trades lower.
BP makes Giant Oil Discovery almost 7 miles beneath the Gulf of Mexico. It could be as much as 3 billion barrels of oil or more, they estimate. The news sent BP shares higher.
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