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Biggest % gainers: USD/ZAR up 0.77%, GBP/AUD, GBP/CHF, USD/CAD, GBP/USD on GBP strength and commodity currency weakness.

Biggest % losers: CAD/JPY down 0.86%, AUD/JPY, NZD/JPY, EUR/JPY, CHF/JPY on JPY strength and commodity currency weakness.

Gold $1,207
Oil $76.72

NZD Retail Sales m/m came out worse than expected last night, weighing on the commodity currencies this morning.

French Bank Holiday today...in observance of National Day.

GBP Claimant Count change better at -20.8K vs. -20.1K expected and -31.1K last time.

EUR CPI y/y in line at 1.4% as expected and same as last time.

USD Core Retail Sales m/m in line at -0.1%. Last ...

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 ...

mild day today so far...

Biggest % gainers: USD/TRY up 0.30%, USD/SGD, NZD/USD, GBP/AUD, no distinct trends here.

Biggest % losers: EUR/JPY down 0.58%, EUR/CHF, EUR/NZD on mild EUR weakness.

Gold $1,192
Oil $72.67

Central banks are selling gold to the BIS (Bank of International Settlements) in droves right now! These countries need to raise cash and so selling some of their gold that has appreciated nicely is a way to do that. How much gold have they sold? They've sold 349 metric tons of gold since December which raised $14 billion for these central banks.

The Baltic Dry Index has cut in half in the last 30-40 days showing that global trade is collapsing once ...

Since many banks are closed, the volume is light and not a whole lot "shaking" out there today so far.

Biggest % gainers: USD/SGD up 0.35%, EUR/GBP, USD/CAD

Biggest % losers: GBP/USD down 0.57%, GBP/JPY, GBP/CHF on mild GBP weakness.

Iran says that its passenger jets are being refused fuel from the U.K. and Germany due to sanctions: http://news.bbc.co.uk/2/hi/middle_east/10511420.stm

As of Friday, USD/JPY's SSI reading was 4.67!

Australia revises down previous reading significantly on this one: ANZ Job Advertisements m/m 2.7% vs. 4.3% formerly. However, the former 4.3% reading has now been revised downward to 2.7%. Ouch!

CHF Retail Sales better ...