All Blog Entries

Biggest % gainers: USD/CAD up 0.96%, USD/CHF on dollar strength.

Biggest % losers: AUD/USD down 1.35%, GBP/USD, AUD/JPY, EUR/USD, on dollar and yen strength...as the Greece woes trouble the markets and drives money to take a "defensive posture" for the moment.

Remember, the last two weeks of the year...many institutions are squaring away their books for the year end and they close out positions (many times even ones they believe in still). Meanwhile retail volume becomes a more dominate influence and you know how erratic and irrational that can be.

Therefore, the next two weeks will be choppy and weird acting most likely.

GBP Retail Sales m/m worse -0.3% vs. +0.5% expected. ...

Biggest % gainers: GBP/JPY up 1.02%, EUR/JPY, USD/JPY, AUD/JPY, CHF/JPY all on yen weakness.

Biggest % losers: EUR/CAD, EUR/USD, GBP/USD, NZD/USD, AUD/USD on dollar strength.

Gold $1,131
Oil $70.75 Watch to see if it breaks and closes below $70.

U.S. Retail Sales better than expected.

Core Retail Sales m/m came in at 1.2% vs. 0.5%.

Retail Sales m/m came in at 1.3% vs. 0.6% expected. Note that both numbers had slight downward revisions for their previous months. While the market is taking it bullishly right now...I think it's a bit premature.

U.S. University of Michigan Sentiment comes out at 9:55am EST. expectation of 68.6 (last month's revision ...

Gold $ 1,209
Oil $ 77.75

Biggest % gainers: AUD/JPY up 0.91%, GBP/JPY, USD/JPY, CHF/JPY on JPY weakness

Article on today's yen movement: http://www.dailyfx.com/forex/fundame...ume_after.html

Biggest % losers: EUR/GBP down 0.34%, EUR/CAD, EUR/USD, EUR/CHF, on EUR weakness

Why the euro is likely weak today: http://www.bloomberg.com/apps/news?p...zOAWRekc&pos=3

US ADP mixed results when revision is considered. actual -169k vs. -149k expected but upwardly revised previous period to -195 (which was an improvement).

Crude Oil Inventories out at ...

Biggest % gainers: NZD/USD up 1.62%, AUD/USD, AUD/JPY, CHF/JPY on new all time high in gold, commodity currency strength and dollar and yen weakness.

Biggest % losers: USD/CAD down 1.36%, USD/CHF, EUR/CAD on commodity dollar strength...U.S. dollar weakness.

Gold: $1,169 another all time high
Oil: $79.36 up over 2% on the day.

CAD Core Retail Sales m/m better at 1.1% vs. 0.4% and revised upward 0.7% last time.

USD Existing Home Sales coming out at 10am EST expecting 5.71M.

Sean Hyman
DailyFX Forum Moderator