All Blog Entries

Biggest % gainers: CHF/JPY up 1.08%, USD/JPY up 1.04%, AUD/JPY up 0.92% on yen weakness.

Biggest % losers: GBP/USD down 0.59%, GBP/CHF on very mild GBP weakness.

Most of the momentum is on the "yen weakness" so far.

USD Advance GDP q/q better than expected at 5.7% vs. 4.5% expected and 2.2% last time.

Interesting how we had a surge in GDP growth yet Chevron's profits slumped on a lack of fuel demand and Shell may cut more jobs as they say energy demand remains muted. So we grew the economy but didn't use fuel/energy to do it? Something smells fishy!

CAD GDP m/m better at 0.4% vs. 0.3% expected and 0.3% last time.

CHF KOF Economic Barometer ...

Biggest % gainers: CHF/JPY up 0.43%, AUD/JPY, USD/JPY, USD/CAD, GBP/JPY on mild JPY weakness.

Biggest % losers: AUD/NZD down 0.20%, EUR/USD, EUR/CHF, GBP/CHF on very mild EUR weakness and on very mild CHF strength.

Gold $1,089
Oil $78.80

CHF Swiss KOF Economic Barometer reading improved over last time but slightly missed expectations: 1.68 actual vs. 1.73 expected and 1.62 last time.

USD Chicago PMI comes out at 9:45am EST today.

Crude Oil Inventories out at 10:30am EST today.

Japan is still on their 4 day bank holiday.

Stocks fall around the world overnight, led by commodity companies ...putting pressure on commodity currencies. ...

Biggest % gainers: NZD/USD up 1.85%, AUD/USD, AUD/CHF, EUR/USD. Commodity dollar strength continues on as NZD said that they may hike rates in mid 2010. Meanwhile Aussie unemployment rate came in lower and they actually added jobs once again.

Once again, I say that Australia is the "fundamentally strongest" country out of all of the G-8 nations.

Australia added 31,200 jobs vs. 5,300 expected. Last month's job #'s were revised upward too.

Aussie unemployment rate fell to 5.7% vs. an expected increase to 5.9%.

Biggest % losers: USD/CAD down 1.11%, AUD/NZD down 1.05%, EUR/CAD, USD/JPY on CAD strength.

Oil $70.93 continues to fall

Gold $ 1,128 ...

Biggest % gainers: CHF/JPY up 0.88%, EUR/JPY, AUD/JPY, USD/JPY on JPY weakness.

Biggest % losers: GBP/CHF down 0.56%, GBP/USD, NZD/USD, USD/CHF, AUD/CHF, EUR/CHF on GBP weakness and CHF strength.

U.S. Unemployment Claims better at 457k vs. 479k expected and 462k last time.

ECB holds rates at 1% as expected. Trichet takes first steps in scaling back emergency lending.

GBP Services PMI worse 56.6 vs. 57.1 expected and 56.9 last time.

Bernanke speaks at 10am EST today.

U.S. ISM Non-Manufacturing PMI at 10am EST too.

Oil $76.75
Gold $1,208

Turkey's credit rating upgraded two levels (just shy of investment grade) ...