MARKETS CHEER AUG US JOBS REPORT as payrolls fall by smaller than expected 54K and the unemp rate rises to 9.6%. More striking is the July figure was revised down to -54K from -131K, while the private payrolls rose by 67K vs exp 41K following 107K in July, which was revised from 71K. JPY is the...

ECB LIQUIDITY & UPGRADES: ECB extends its 3-month fixed rate lending facilities into Q1 2011, which is EUR-positive considering 3-month EURIBOR has fallen to six-week lows at 0.884%. ECBs UPWARD REVISIONS of its Eurozone 2011 GDP forecast to 0.5%-2.3% from +0.2%-2.2% stand in contrast to the Feds...

STERLING BROADENS WEAKNESS on fresh data disappointment, this time from the slowest monthly rise in Nationwide house price index since Nov 2009 and slower than expected Aug construction PMI (6-month low). GBPUSD drifts around its 200-day MA $1.5427, while attempting to hold above the $1.5390s38%...

BERNANKE SPOKE, MARKETS WHIPSAWED before both USD and JPY accelerated their selloff in the last half hour of London trade. Readers of the IMT were alerted of these declines before the start of the US trading session, but once Bernanke spoke, I warned my followers on twitter (twitter.com/alaidi) on...

US Q2 GDP REVISED down to 1.6% (vs. exp 1.4%) from advanced 2.4% reading, triggering a relief rally in equities and BROAD YEN SELLOFF, especially since the Japanese currency has been already hit by: i) fresh political fallout in Japan and ; ii) escalating signals of a looming stimulus package...

GDPs, BERNANKE & CONSUMER SENTIMENT: UK Q2 GDP (4:30 EST, 8:30 am GMT, 9:30 BST) is expected to remain unrevised at 1.1% (the highest rise in 4 years), but any downward revision will likely ease cable into the $1.5570s.========= US Q2 GDP (8:30 EST, 12:30 GMT) seen revised to 1.3% from the advance...

WHEN MARKETS TAKE A BREAK from the recent selloff, FX traders pick among USD, JPY and CHF as the safe haven currencies to sell. JPY is hit hardest on a combination of a bounce in Asia and European futures after the Jpns govt urged the Bank of Japan to ease the yen as part of an upcoming stimulus...

JAPAN & GERMANY in the spot light, with the Japanese making more ineffective talk regarding the yen and German Aug IFO due at 8 am GMT. More on IFO below. Talk that the the BoJ may hold an extraordinary meeting to consider additional monetary easing is not helping to weaken the yen, while Japan...

#082410.gif_640W.gif# The EUR/USD has rebounded off the key 50% retracement level at 1.26 to highlight the possible completion of a 5-wave down-move off the August high. While 4-hourly bullish diverging studies hint of a period of base building, reclaiming the key 1.2732 swing low is required...

Ashrafs Video for Reuters Insider detailing the multi currency dynamics of gold to explain EURUSD dynamics. following this weeks warning about the EUR 960/oz resistance. http://bit.ly/bGLhIW ......