Recent Blogs Posts

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: GBP/USD up 0.73%, GBP/AUD, GBP/JPY on GBP strength.

Biggest % losers: USD/ZAR down0.71%, USD/CAD, EUR/GBP, EUR/CAD on GBP strength and some CAD strength. The South African rand is strong too, so the commodity currencies are strong at the moment.

Moody's cuts Portugal's Credit Rating. http://www.dailyfx.com/forex/market_...l_Debt_to.html

Gold $1,216 perking back up.
Oil $76.56

GBP CPI y/y inline at 3.2% but lower than 3.4% last time.

EUR German ZEW Economic Sentiment worse at 10.7 vs. 16.8 expected and 18.8 last time.

CAD Trade Balance worse at -0.5B vs. 0.0B expected and -0.3B ...

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 ...

The Australian Prime Minister (Rudd) Resigns! DailyFX - Dollar, Yen Decline as Australian PM Resignation Lifts Stocks in Asian Trade

(Reuters) - Australia appointed its first woman prime minister, Julia Gillard, who vowed on Thursday to end division over a controversial mining tax, resurrect a carbon trade scheme and call elections within months.

Gillard’s ascension to the nation’s top job was welcomed by BHP Billiton Ltd., Rio Tinto Group and Fortescue Metals Group Ltd., which had led the fight against the 40 percent so-called super-profits tax. Melbourne-based BHP, the world’s biggest mining company, said in a statement it was “encouraged” by the appointment and will suspend its advertising against the ...