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Biggest % gainers: EUR/GBP up 0.50%, USD/CHF, USD/JPY, CHF/JPY, USD/CAD on mild USD strength and mild JPY weakness....also on fairly strong GBP weakness.

Biggest % losers: GBP/USD down 0.91%, GBP/CHF, GBP/JPY on fairly strong GBP weakness.

Oil $80.25
Gold $1,104

USD TIC Long-Term Purchases much worse at 19.1B vs.50.3B expected and 63.3B last time. Ouch! Net inflows into the U.S. was anemic at best. (shows global demand for U.S. assets basically).

AUD Monetary Policy Minutes out tonight at 8:30pm EST.

U.S. Stock Futures down. Decline in the emerging markets and decline in metals influencing stock futures lower.

Japan Raises Economic Assessment ...

Come join me at the FXCM Expo in Las Vegas on May 2-4: www.fxcmexpo.com

Biggest % gainers: CHF/JPY up 1.03%, GBP/JPY, EUR/JPY, GBP/USD, EUR/USD...on yen weakness and dollar weakness.

Biggest % losers: USD/CHF down 0.72%, AUD/CHF on franc strength.

Oil $82.88
Gold $1,112

CAD Employment change better at 20.9k vs. 17.5k expected.

CAD Unemployment rate better/lower at 8,2% vs. 8.3% expected.

USD/CAD sinks to 1.0180 as retail traders were "one sided" on the buy side according to SSI.

USD Core Retail Sales m/m better at 0.8% vs. 0.1% expected. But last time was revised lower to 0.5% vs. 0.6% last time.

USD ...

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: USD/JPY only up 0.27%

Biggest % losers: NZD/USD down 0.46% ...market is very mild so far this morning. Rate decisions for GBP & EUR are the reason & awaiting the completion of the ECB Press Meeting.

ECB & BOE held rates steady at 1.00% and 0.50% respectively.

BOE keeps the Asset Purchase Facility (QE) at 200 billion pounds.

CAD Building Permits worse at -4.9% vs. 1.0% expected.

ECB Press Conference at 8:30am EST. Markets await the completion of that meeting.

Trichet says the thought of Greece leaving the Euro Zone is absurd.

Trichet says its not appropriate to have the IMF as a supplier of help.
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