All Blog Entries

Biggest % gainers on the day so far: AUD/JPY, CHF/JPY, AUD/NZD, EUR/JPY...so mild Aussie strength and mild JPY weakness so far today. Nothing up huge % wise today so far.

U.S. & CAD banks closed, volumes will be lighter today.

Biggest % losers so far: USD/CAD, EUR/CAD, GBP/CHF, USD/CHF...so the Swissie and CAD are strong, dollar is weaker this morning.

USD weak on a report that shows that more central banks are recently moving more funds into currencies like the Euro and Yen: http://www.bloomberg.com/apps/news?p...d=aA6_py_71g_o

AUD & CAD holding up well under strong gold and oil prices this morning. CAD being more easily moved on the lighter volume.
...

Australia Unexpectedly Raises Interest Rates to 3.25%! Gold hits All Time High!

Theme of the day: Aussie strength, Dollar weakness. AUD/USD up 1.29%, NZD/USD, EUR/GBP top the % gainers list.

GBP/AUD down 1.36%, USD/ZAR, GBP/JPY, EUR/AUD all top the % losers list.

Gold spiked up to $1.038 this morning. It's still at $1,034...exceeding the former all time high of $1,032 (on bid quote on the chart). http://bloomberg.com/apps/news?pid=2...d=a04.EcuZo5ko

Silver $17.12 up 3.08%

Oil $71.40 up 1.71%

A few Nasdaq 100 stocks up 3-4% in pre-market trading.

GBP Halifax HPI (Home Price Index) m/m better @ 1.6% vs. 0.6% expected and 0.8% ...

U.S. Non-Farm Payrolls: worse than expected -263k vs. -179 expected. Upward revision though to -201k from last time.

U.S. Unemployment rate: 9.8% as expected (previously was 9.7%).

Lisbon Treaty Vote today could move the Euro if the results come out when the market is open.

G-7 officials push for a "strong dollar": http://www.bloomberg.com/apps/news?p...d=agki4_HchGUg

Biggest % movers on the day: AUD/JPY -1.53%, GBP/JPY -1.13%, AUD/USD down -1.18%, CAD/JPY -1.15%, NZD/JPY -1.10%....so JPY strength reigns....Aussie weakness abounds.

Top gainers on the day: EUR/AUD up 0.94%, GBP/AUD...so Aussie weakness boosting them as well.

...

Attached Thumbnails

 

Most everything calms down quite a bit into ranges or very mild trends right before NFP. If traders like lower risk trades that may not be likely to run away from them...or if they like ranges....between now and NFP is their time!

However, USD/ZAR is up 2.64% on the day on South African rand weakness.

GBP Manufacturing PMI came in worse at 49.5 vs. 50.2 expected and 49.7 last time.

U.S. Unemployment Claims came in worse at 551k vs. 532k expected and 534k last time....causing U.S. Stock Futures to fall.

Bernanke speaks at 9am EST today.

U.S. Manufacturing PMI out at 10 am EST. Expected number: 53.9

U.S. Pending Home Sales out at 10 am also. 0.9% expected. ...