gold

Good Morning:

Good Morning:

A fairly stable overnight session brought no new surprises to the market.  The GBP lost some steam as UK housing showed a larger than expected drop in prices.  EZ data showed that GDP in the region printed at 1%-as expected.
The  ECB left key interest rates unchanged, which was expected.  The ECB may keep themselves in “crisis mode” till next year-as the economy is still too fragile to take away any of the stimulus measures that are in place.

Good Morning:

Good Morning:

The UK is closed today for their summer bank holiday-thus thinning out the ranks of market participants for a Monday.
The JPY advanced as speculation that the BOJ will increasee credit easing measures. 
Policy makers in Japan indicated that they want a weaker Yen.  They did not take direct steps to weaken the JPY, but made every indication that they will f necessary.
Asian equity markets were higher, and European markets are lower.  US Futures are also lower this mornng.

Good Morning:

Both the Yen and USD lost some ground overnight as Asian and European equity markets posted positive results.
With stocks trading in the green-the demand for safe haven currencies dropped.

Good Morning:

Alert!: Durable Goods rises .3%-the data was expected to rise 3%.
The data points to continued speculation that the economy is slowing.

Good Morning:

The Yen rose to a 15 year high against the USD, as continued concerns that the global recovery is faltering has investors running to the safe refuge of the JPY.  The USD also rose.
 Data out of Europe suggested that the German economy is showing strength. 
Today we have data in the US regarding the ailing US housing market.  The expectations are for more disappointing news regarding Existing Home Sales.

World equity markets are mostly lower, and US Futures are also pointing to a lower opening this morning.

Good Morning:

The first overnight session of the week was lackluster at best, as investors concentrated on the equity markets.
The rally in world equity markets kept the Yen lower-as demand for the safe haven of the JPY waned.
Friday’s weak NFP data from the US weighed heavily on the USD.

Good Morning:

Good Morning:

The FX markets were fairly range bound prior to the announcements from the BOE and ECB regarding interest rates.
The BOE and ECB left their key interest rates unchanged-which was widely expected.  The BOE had no press conference after their announcement, but the ECB will hold their press conference at 8:30 AM EST today.