Recent Blogs Posts

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

Biggest % losers: GBP/AUD down 0.58%, AUD/CAD down 0.40% on AUD weakness. Also, the exotics are bringing down the majors today...EUR/TRY down 0.73%, USD/ZAR down 0.64%, USD/TRY down 0.45%.

Gold hits an intraday high of $1,244 and sets another "all time high"! Currently gold is at $1,238. http://www.dailyfx.com/forex/fundame...r_Gold_as.html

Oil $76.16

BOE Inflation Report:
The Bank of England said risks to the U.K. economic recovery have increased, highlighting the importance for David Cameron’s coalition ...

Biggest % gainers: EUR/AUD up 0.83%, GBP/AUD, USD/JPY, NZD/JPY on AUD weakness and JPY weakness.

Biggest % losers: AUD/USD down 0.96%, AUD/NZD, AUD/CAD on AUD weakness.

Why is the Aussie so weak? The RBA Governor hinted that rates may not go much higher.

Technical patterns helped the yen go lower. Many inverse head & shoulders patterns formed on several yen pairs.

Apple (AAPL) shares move to a new all time high...

EUR ECB's Weber says that he can't rule out a contagion from the Greek crisis. He also stated that interest rates were at appropriate levels.

GBP U.K.'s Darling says their recovery is still fragile.

Greek Finance Minister ...

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., ...