All Blog Entries

Biggest % gainers: EUR/CAD up 1.23%, EUR/AUD, EUR/JPY on a huge gap upward over the weekend for the euro. Greece got a promise of as much as 45 billion euros ($61 billion) in loans yesterday from the euro-region and International Monetary Fund to help cover its financing needs and avoid a default.

Biggest % losers: AUD/CHF down 1.31%, USD/CHF, GBP/CHF on CHF strength.

Oil $84.51
Gold $1,161

Stocks open up higher...

CAD Housing Starts worse at 197k vs. 201k expected BUT last time was revised higher to 200k vs. 197k formerly.

CAD Bank of Canada Business Outlook Survey comes out at 10:30am EST today.

Talk that Brazil could start to raise interest ...

Biggest % gainers: NZD/USD up 0.60%,GBP/CHF, GBP/JPY on commodity strength and GBP strength.

Biggest % losers: AUD/NZD down 0.46% down on NZD strength..nothing else down materially.

Gold $1,155
Oil $85.89

CAD Employment Change 17.9k slightly worse than the 25.9k expected and 20.9k last time.

CAD Unemployment Rate worse thank expected at 8.2% vs. 8.1% last time but SAME as unemployment rate last time of 8.2%.

The "big money" ...still looking to buy Aussie/Canadian dollars: Reserve Managers Becoming Aussie, Loonie 'Kings' on Rate Bias, UBS Says Reserve managers are becoming the “new commodity currency kings” as near-zero interest rates in the U.S., ...

Biggest % gainers: USD/CAD up 0.33%, EUR/CAD on mild CAD weakness.

Biggest % losers: NZD/USD down 0.30%, GBP/JPY, AUD/JPY, EUR/JPY on mild JPY strength.

Oil $84.66
Gold $1,150

Aussie Employment Change 19.6K vs. 20.1K expected. Previous reading revised down from 0.4K vs. -4.7K.
Aussie Unemployment Rate 5.3% as expected and same as last time.

GBP Halifax HPI m/m better at 1.1% vs. 0.6% expected.

GBP Manufacturing Production m/m better at 1.3% vs. 0.7%.

GBP Asset Purchase Facility holds at 200 Billion pounds

GBP rates stay at 0.50% as expected.

EUR rates stay at 1.00% as expected.

EUR & ...

Biggest % gainers: AUD/CHF up .031%, NZD/USD, USD/CHF not much happening on the "up" side today.

Biggest % losers: EUR/AUD down 0.40%, GBP/USD, EUR/CAD on mild euro weakness. tame morning so far.

The market is "dull" before tomorrow's EUR and GBP interest rate announcements. Today is probably a good day for the range trader and the scalper but not momentum/breakout trader.

Oil $86.38
Gold $1,142 helping to support the Aussie this morning.

Japan holds rates steady at 0.10%.

CHF Retail Sales y/y worse at 3.1% vs. 3.8% expected. Last time revised downward to 3.7% vs. 4.4% previously. The EUR/CHF exchange rate could be working on them again! ...