News in 60 Seconds

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 time was revised even worse to -1.2% vs. -1.1% expected.

USD Retail Sales m/m worse than expected at -0.5% vs. -0.2% expected. Last time was revised higher to -1.1% vs. -1.2% formerly.

China's CPI and GDP come out tonight around 10pm EST. Their Industrial Production and PPI also come out tonight too at the same time.

JPY Interest Rates come out tonight, no specific time for the announcement. Expectation is to be unchanged at 0.10%. They will also have a press conference too, no specific time on that either.

Rumors flying this morning about...the Iphone 4 recall is almost certain over the signal strength.

Fitch says that Spain has a stable outlook.

Mortgage Applications sink to a 13 year low.

The Baltic Dry Index (which tracks global shipping rates from around the world) fell for a 34th consecutive day! This shows that the "real time" demand for raw materials is diving which indicates that economies around the world are slowing and that will likely show up in the data in the months to quarter ahead if this keeps up.

Sean Hyman
DailyFX Forum Moderator