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Biggest % gainers: CHF/JPY up 1.03%, GBP/JPY, EUR/JPY, GBP/USD, EUR/USD...on yen weakness and dollar weakness.

Biggest % losers: USD/CHF down 0.72%, AUD/CHF on franc strength.

Oil $82.88
Gold $1,112

CAD Employment change better at 20.9k vs. 17.5k expected.

CAD Unemployment rate better/lower at 8,2% vs. 8.3% expected.

USD/CAD sinks to 1.0180 as retail traders were "one sided" on the buy side according to SSI.

USD Core Retail Sales m/m better at 0.8% vs. 0.1% expected. But last time was revised lower to 0.5% vs. 0.6% last time.

USD ...

Biggest % gainers: NZD/USD up 0.85%, CHF/JPY, AUD/JPY, AUD/USD on commodity dollar strength and yen weakness.

Biggest % losers: USD/CHF down 0.53%, GBP/CHF, USD/CAD on mild dollar weakness.

Oil $82.07 (Saudi Deputy Oil Minister says that oil is at a fair price for both consumers and producers.
Gold $1,135

Trichet comments today: Economic Growth continues at the global level and he sees a reduction of global imbalances.

Moody's says that Portugal's weakening sovereign fundamentals challenges banks' debt/deposit ratings.

European Union considering the formation of an EMF (European Monetary Fund), much like the IMF ...yet to save European economies that need ...

Biggest % gainers: AUD/NZD up 0.53%, EUR/GBP up 0.38% on commodity strength and mild GBP weakness as stocks pull back.

Biggest % losers: GBP/CHF down 0.31%, GBP/JPY on mild GBP weakness.

So far the markets have been fairly tame today. However, the stock futures are down upon the news of the discount rate hike yesterday.

Commodities are strong this morning: Silver up 2.42%, Gold up 1.41% at $1,116...Oil up 1.11% at $79 on the thought that inflation is on the rise and the Fed is taking the "first steps" towards fighting this.

GBP Retail Sales m/m worse -1.2% vs. -0.5% expected.

CAD Core Retail Sales m/m in line at 0.4%.

USD Core CPI m/m ...

Biggest % gainers: USD/NOK up 0.89%, USD/CHF, USD/JPY on dollar strength.

Biggest % losers: AUD/USD down 0.82%, EUR/USD, NZD/USD on dollar strength.

Oil $74.16
Gold $1,086

Stock Futures drop as China raises their requirements for their bank's reserves again: http://news.yahoo.com/s/ap/20100212/...us_wall_street
(The more money they have to keep in reserves...the less they can lend out...the more it slows expansion down.)

When rappers get into the oil business..it's probably a sign of a top (just like when they started flashing euros in their videos formerly): http://www.bloomberg.com/apps/news?p...d=awQzRIHP_ZPw

60 pip ...