Biggest % gainers: USD/CAD up 0.96%, USD/CHF on dollar strength.
Biggest % losers: AUD/USD down 1.35%, GBP/USD, AUD/JPY, EUR/USD, on dollar and yen strength...as the Greece woes trouble the markets and drives money to take a "defensive posture" for the moment.
Remember, the last two weeks of the year...many institutions are squaring away their books for the year end and they close out positions (many times even ones they believe in still). Meanwhile retail volume becomes a more dominate influence and you know how erratic and irrational that can be.
Therefore, the next two weeks will be choppy and weird acting most likely.
GBP Retail Sales m/m worse -0.3% vs. +0.5% expected. Previous revision was upwardly revised to 0.6%.
CAD Core CPI m/m better 0.4% vs. 0.2% expected and 0.1% last time.
CAD CPI m/m better 0.5% vs. 0.3% expected and -0.1% last time.
USD Unemployment Claims worse 480k vs. 466k and 473k.
USD Philly Fed Manufacturing Index coming out at 10am EST. 16.2 is expected.
GBP BOE Financial Stability Report comes out at 7:01pm EST tonight.
Gold $1,117, still holding above the 50 SMA.
Oil $ 72.06
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