Recent Blogs Posts

Biggest % gainers: EUR/AUD up 1.33%, EUR/TRY, EUR/USD up 1.25%, EUR/NZD up 1.17% on EUR strength.

Biggest % losers: AUD/JPY down 0.93%, USD/CHF, USD/JPY, NZD/JPY, AUD/CAD, CAD/JPY on USD weakness & JPY strength.

USD/JPY hits fresh 2010 lows (not 52 week low). The pair is at 87.74 right now.

ADP was lower yesterday....Weekly Unemployment Claims were lower today...hmmmm, wonder what that says about NFP on Friday? Get ready for a bumpy economic road ahead!

The European Central Bank announced that it lent banks 111.2 billion euros for six days in order to help them cope with the expiry of its landmark 12-month loans today.

DailyFX - ECB Lends $136.5 Billion for Six ...

Biggest % gainers: EUR/NZD up 1.18%, EUR/GBP up 1.08%, EUR/AUD, EUR/CAD on EUR strength.

Biggest % losers: NZD/JPY down 0.74%, NZD/USD, GBP/USD, GBP/JPY on mild JPY strength and NZD and GBP weakness.

A peek into FXCM's Las Vegas Expo: http://forexforums.dailyfx.com/insid...tml#post529696

GBP Nationwide HPI worse at 0.1% vs. 0.3% expected and 0.5% last time.

CHF KOF Economic Barometer better at 2.25 vs. 2.17 expected and 2.16 last time. (leading indicator)

USD ADP Non-Farm Employment Change came in worse at 13k vs. 59k expected and 57k last time.

CAD GDP m/m worse at 0.0% ...

February US Non-farm payrolls are reported tomorrow. Typically it’s a snooze-fest in the markets for the 24 hours or so leading up to that report.

But the week’s been full of data points to give traders reason to stay awake.

The Reserve Bank of Australian and the Bank of Canada both announced monetary policy; RBA hiked 25 basis points, while the BOC sat on its hands.

ADP, the precursor to Nonfarm Payrolls, was in line with expectations of 20k job cuts.

The Fed’s Beige Book was released, noting modest growth, tight credit conditions, slight improvement in consumer spending, weak demand for loans, poor hiring expectations and very little inflation.

By raising the borrowing ...

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Biggest % gainers: AUD/NZD up 0.79% on NZD weakness ...nothing else up all that much.

Biggest % losers: NZD/USD down 0.94% ..everything else down just fractionally as well. So the "mover" on the day so far is NZD to the down side. This is mainly on concerns that the NZD economy may be slowing down and thus no need for rate hikes.

Oil $80.30 has been in a holding pattern lately.
Gold $1,137 has made a notable come back lately.

Market rumors going on that the Greek Prime Minister has resigned. Not confirmed yet though. Also rumors swirling around that Greece may have to go to the IMF for a bailout.

GBP Services PMI better 58.4 vs. 55.0 execpted.

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