Canada has just published their employment data; pretty bad in general, with 43.2K job lost instead of 10.K wins expected, while unemployment rate rose to 8.6% from  8.4%. Not a law, but U.S. data tends to come in line with this one. If data is so bad in America, could dollar rose today??

I will be covering Live! (YES! AGAIN!) data at Fxstreet.com home page. See you all there!

I will be covering Live! both Central Banks decisions at fxstreet.com home page. See you there!

Early to say, a warning in forex trading is always welcome and needed. Despite the strong movements we are seeing in market, we should not forget we have FOMC, ECB and BOE decision next Wednesday and Thursday ( i will be covering all live! at Fxstreet.com home page), and U.S. Non Farm Payrolls next Friday. Long term definitions will be confirmed (or not) by the end of the week.

Market remains waiting for U.S. data, with majors moving in smaller ranges hour after hour. ISM PMI is expected to the upside, while Pending Home sales are expected to the downside. Just 15 minutes to go.

Far from been over, day is pointing for a quite interesting dollar, and yen close: stocks and commodities remain under pressure, and seems rally is not over yet. Here is the link for the last updated report.

http://www.fxstreet.com/technical/market-view/intraday-forex-technical-report/2009-10-30.html

Have a great weekend! I will

Oil and gold are falling heavily, dragging USD/CAD to 1,07851 and Aud to key 0.9100 support respectively; U.S. data come under expectations U.S. index should open to the downside. All of this is pointing for further dollar strength if could be call so; pay attention to commodity currencies!

Again, EUR/CHF moved under 1.5100 and jumped up 80 pips in 15 minutes, while dragging USD/CHF from 1.0170 to 1.0230; Euro feel the movement and dropp quickly to test the 1.4800 area. If this gives up, look for the 1.4770 area there! Swissy should move above 1.0230 to test the 1.0285 level.

In a few minutes, I will be starting the live coverage of the U.S. GDP release. Join me at Fxstreet.com home page.

While I prepare the Pound technical perspective for today, take a look at this article: economist expect more QE in the U.K. Meeting will be next week, so we don’t have to wait too long to see the answer

http://business.timesonline.co.uk/tol/business/economics/article6894523.ece

So many times I have been talking of this, is a pleasure to find out I’m not alone in  my ideas

If you have some time, take a look at this article, and you will understand why, despite sentiment keeps Euro close to the yearly high, sometimes we need to look beyond charts:

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6448884/Deflation-fears-as-Eurozone-and-US-credit-contracts.html