Positive Chinese and German economic indicators led to some bullish movement for the euro during mid-day trading yesterday. That being said, the gains were for the most part short-lived, as the common currency once again began moving downward by the evening session. Today, traders will want to pay attention to a batch of British and US indicators that are likely to generate market volatility.

Summary

USD - USD Moves Downward Following Increase in Risk Taking

EUR - German Data Gives EUR a Boost

CAD - BOC Leaves Interest Rates Unchanged; CAD Takes Slight Losses

Crude Oil - Positive Global Data Sends Crude Upward

losses | interest rate | boc | boost | german data | risk trading | increase | crude | positive data | oil | cad | eur | USD

As we approach New Years we'll attempt to address the major issues for 2012.

Summary

CAD - Loose BoC Monetary Policy to Weigh on CAD

GBP - AAA Rating Won't Save Sterling

AUD - Interest Rate Differentials to Drive AUD

Gold - Gold is Not a Safe Haven Asset

2012 preview | examine | major issues | cad | gbp | aud | gold | interest rate | monetary policy

Data on the Canadian housing sector today may indicate mild optimism that could drive the value of the Canadian dollar (CAD) higher in the short-term. Recent news has done little to alter the current direction of the forex market, though news could hold values steady should they come in near forecasts.

Summary

USD - US Dollar Stabilizes as Markets Come Off Holiday Break

EUR - EUR Trading Flat as Trichet Prepares Speech

JPY - Japanese Yen Consolidating as Traders Weight Global Sentiment

Oil - Oil Prices Holding Steady amid Market Turmoil

Canadian housing | data | optimism | Canadian dollar | cad | news | forex market | forecast | eur | trichet speech