21:17Monetary policy decision tomorrow for Australia
16:49AUD/USD pops above .8700
16:45The Weekly Strategy has just been updated. Looking to start selling EUR/USD on remaining strength.
16:39Aussie closing at the highs of the day last .8697-.8701
16:34Dow closes up +45 to close above 13,900

16:21US data starts out on Monday with the July NY Fed Empire manufacturing index, currently forecast to pull back from 25.8 to 18.0. Tuesday sees June PPI, May TIC report, June industrial production and capacity utilization, IBD/TIPP economic optimism survey, and the NAHB housing market index for July. Wednesday sees June CPI, June housing starts and building permits, and Fed Chair Bernanke’s semi-annual testimony to the House, to be repeated before the Senate on Thursday. Thursday sees initial weekly jobless claims, June leading economic indicators, July Philadelphia Fed index, and the release of the June 28 FOMC minutes in the afternoon. Additional Fed speakers are KC Fed pres. Hoenig on Tuesday and Chicago Fed’s Moskow on Thursday.

16:03Dow closes on yet another positive note +44.38 to 13,906.11
15:51The FX markets have been grinding to a halt into the close of day. We have remained above the well publicized 1.3760/65 level (key support) and will be watching it closely for next week.
15:28E/CHF catches a bid into the end of day as UK Clearer buys
15:14EUR/GBP now consolidating around .6775-80 level after failing to breach the .68 handle earlier today
15:12SILVER at the close was 13.00-03, after trading as high as 13.11-14 and as low as 12.99-02
14:57Aussie looks like it may make a run at .8700
14:56

Aussie seeing some buying interest, could be IMM related
14:53S&P 500 CLIMBS ABOVE RECORD INTRADAY HIGH FROM MARCH 2000
14:51Crude Oil Rises to 11-Month High as North Sea Output Declines
14:28Gold at the Comex close Friday was $666.00-60.50, after trading as high as $668.75-68.25 and as low as $663.75-63.25.

14:17$/CAD looks like it is perking up to test the offers in the 1.0490-1.0500 area again, last 1.0480
14:04NZD/JPY holing onto gains and looks poised to remain bid as long as 95.65/70 holds for key support
13:49$/JPY continues to hold the trend line @ 121.95 on a hourly
13:41GOLDLD FALLS $1.10, OR 0.2%, TO $667.20 AN OUNCE ON COMEX
13:33US 10 yr 5.11%
12:52$/JPY is holding trend line support into 121.94 on an hourly
12:38DOW + 24, NASDAQ -6.20
12:23Euro appears comfortable between 1.3780 and 1.3800 after making new highs this morning
12:21Oil Rises as North Sea Output Slips on Closed Pipeline, Repairs
12:08Next weeks economic and event calendar has been updated
11:57Technical’s still keying on 1.3760/65 as major support in Euro for a failure to accelerate to the topside
11:55$/JPY back on its heals again as it deals below 122.05
11:54Aussie still knocking on the door of .8700 last .8690.
11:45Euro back on the offensive with a major US Bk buying on that last dip to provide support
11:44Gold takes continued suppport (up 1.00 @ 667.75) as dollar continues to fall
11:31$/CAD ran into offers ahead of the 1.05 level and backs off below 1.0475
11:30Cable perking up here again as it deals back above 2.0340
11:06aussie again runs into sellers above .8690, backs off to .8681-85
11:0111:00 AM London fix winding up.
10:57$/CHF rallies nicely off the yearly lows of 1.1984-89 last 1.2030
10:55A close below 1.3765 would be bearish today in Euro
10:47EURUSD faces minor uptrend support at 1.3765. If broken, the implications for a larger-scale move to 1.3700 in coming sessions.
10:46USD turning bid into the 1100EDT fixing, but also feels like profit -taking in major European pairs
10:37$/JPY rebounds above 122.20 as the USD goes slightly bid
10:33The USD index traded as low as 80.44, just a few points from its Dec. 2004 low of 80.40. This is the most likely source of a potential USD rebound in coming weeks.
10:22$/JPY comes under pressure again as the pair dips back below 122.10 nt support lies around 121.90-95
10:21Kiwi found support around .7835-40 and bounced to .7860, resistance lies at .7875-80
10:20US stocks are hovering in slightly positive territory, and seem unable to extend gains. This raises the downside prospects on end of the week profit-taking.
10:08French PM Fillon says strength of Euro should be open to debate, not questioning independence of ECB
10:06Much stronger than expected Univ. of Michigan is a surprise to say the least, and it's likely to see US equities rally further, but doesn't seem enough to turn the tide for the USD
10:03FILLON SAYS STRENGTH OF EURO SHOULD BE `OPEN TO DEBATE'
10:00July preliminary Univ. of Michigan consumer sentiment is 92.4 vs. exp. 86.0 and prior 85.3
09:53Preliminary July Univ. of Michigan sentiment index is out at 1000EDT; forecast is for a gain to 86.0 from 85.3
09:51There seems to be a lot of interest in EUR/$ here at 1.3800, there is a lot of 2 way action keeping the pair between the 1.3790 - 1.3810 area