Recent Blogs Posts

Biggest % gainers: AUD/JPY up 2.28%, NZD/JPY up 1.59%, AUD/USD, CAD/JPY, EUR/JPY, CHF/JPY, AUD/CAD on yen weakness & commodity dollar strength after that bullish AUD employment report.

Biggest % losers: GBP/AUD down 1.62%, EUR/AUD down 1% on AUD strength.

Gold $1,200
Oil $75.25

GBP BOE holds rates steady at 0.50%.
GBP Asset Purchase Facility kept at 200B as expected.

EUR ECB holds rates steady at 1.00%.
ECB Press Conference at 8:30am EST today. (Trichet comments attached).

USD Unemployment Claims better than expected at 454k vs. 461k expected and 475k last time.

GBP Halifax HPI m/m worse at -0.6% vs +0.6% expected. Last ...

Key News

-The euro rose broadly on Thursday, recovering early losses as the results of a tender for short-term European Central Bank funds suggested euro zone banks were managing to repay emergency loans. (Reuters)

-Qu Hongbin, chief economist for China at HSBC, said the economy was clearly cooling after year-on-year growth of 11.9 percent in the first quarter.

"But fears about hard-landing are overplayed. We expect China to achieve around 9 percent growth in the second half, underpinned by massive ongoing investment and robust private consumption," he said. (Reuters)

Quotable

“Take not from the mouth of labor the bread it has earned.”

Thomas ...

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% ...