[B]Fundamental Headlines[/B]
[I]• States Shut Down to Save Cash – Wall Street Journal
• IMF: Avoid Early Stimulus Exits – Wall Street Journal
• G20 plans for stimulus exit – Financial Times
• Industrial Metals, Global Stocks Gain Before U.S. Jobs Report; Euro Climbs – Bloomberg
• Municipal Credit Yield Spreads Narrow to the Tightest Since October 2008 Drop -Bloomberg[/I]
[B]USD/CHF[/B] – Swiss consumer prices fell for a sixth month in August by 0.8% as the drop in energy costs from a year ago continue to filter through to the economy. The 0.8% decline was greater than economist predictions of -0.7% as deflationary pressures continue. The declining cost s of imported goods has driven down the overall price level and remains concern for the Swiss National Bank. Therefore, expect policy makers look to continue their efforts to prevent Franc appreciation. Discuss the topic and your trade ideas in the EUR/USD Forum.
[B]USDCAD[/B] – Canadian employers stuck their toe back into the labor market as they hired 30,600 part-time workers leading to the first positive net change in employment in four months. The economy gained 27,100 workers compared to forecasts of a 15,000 decline. Although we saw the unemployment rate rise to 8.7%,the highest since January 1998, it was due to an increase in the workforce. A greater number of people looking for work and finding jobs could be a sign that the recession is ending in the country. The BoC will meet to discuss future interest rate policy next week and despite the improving labor market they are expected to keep rates on hold. Discuss the topic and your trade ideas in the USD/CAD Forum