I haven't had time to trade lately at all, but today I managed to fit a coupe in...

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The S&P futures surged higher yesterday, posting a remarkable defense of our previously highlighted key long-term uptrend line and the psychological 1050 level. Buying in the S&P futures returned with avengeance after U.S. manufacturing PMI data came in at 56.3, topping analyst expectations of 53.2. Considering investors have only been receiving negative U.S. data recently, the encouraging PMI reading gave bulls ammo to take advantage of oversold conditions. Wednesday’s impressive rally...

Euro showed little reaction to the European Central Bank interest rate decision as policy makers held the benchmark interest rate at 1.00% in September, but the slew of data scheduled for the U.S. trade is likely to stoke increased volatility in the exchange rate as investors weigh the outlook for future growth.

Talking Points

* Japanese Yen: Gains Ground Against Most Counterparts
* Pound: Manufacturing Expands at Slower Pace
* Euro: 2Q Growth...

Australian Dollar Soars as Q2 GDP, Chinese PMI Top Expectations

The Australian Dollar surged against all of its major counterparts after second-quarter Gross Domestic Product figures showed the economy added 1.2 percent in the three months through June, topping economists’ forecasts calling for a 0.9 percent increase and marking the largest increase in three years.

The currency was already on its way higher ahead of the GDP report after Chinese Manufacturing PMI figures...

US Dollar Direction Could Be Decided on Nonfarm Payrolls Report

Euro’s Attempt at a Recovery Rides on the Dollar, Investor Confidence

Japanese Yen at the Crossroads as the BoJ Discusses Intervention

British Pound Looks To Manufacturing Data For Support

Canadian Dollar Has Little to Look Forward to in GDP Release

Australian Dollar Outlook Weighed By Interest Rate Expectations

New Zealand Dollar at Clear Risk Ahead of US Labor Data...