As widely expected, the Bank of England left its key overnight lending rate and asset purchase program unchanged in August. The British pound was relatively unchanged following the rate decision as traders priced in a zero percent chance for a rate hike prior to the decision, according to the Credit Suisse overnight index swaps. Market participants will now shift their focus to the Bank of England minutes which are expected to be released on Wednesday August 18th.

The BoE kept its...

The Euro slipped to a low of 1.3182 during the overnight trade following the shift in market sentiment, and the single-currency may continue to lose ground going into the North American session as investors scale back their appetite for risk.

Talking Points

* Japanese Yen: Advances Against Most Counterparts
* Pound: Service-Based Activity Grows At Slower Pace
* Euro: Retail Sales Hold Flat
* U.S. Dollar: ISM-Non-Manufacturing, ADP...

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Not too long ago, the buzz around the street was all about High Frequency Trading Models and the possible legislation that would be enforced to try and quell them. What is High Frequency Trading (HFT)? According to an interview with Sal Arnuk Partner of Themis Trading LLC printed June 14th 2010 in the High Frequency Trading Review—yes, there is such a publication—“I guess you can call HFT any strategy that involves high speed execution of thousands...