The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets.

 
Today we’ve already had mixed Australian employment data which is putting pressure on the Australian Dollar (AUD/USD).

Coming up at 13.00 we have a rate statement from the Swiss central bank. Traders have been betting that the Swiss government will be raising rates in the near future as its recession has been relatively mild.

Analysts expect rates to remain unchanged at today’s meeting but the accompanying statement will be examined for any juicy hints. USD/CHF is the pair to watch for this.

At 13.30 we have Canadian & US Trade balance numbers released at the same time as the latest US unemployment claims.

So far forex markets have been relatively quiet with the Australian and New Zealand Dollar weak on the back of the recent Australian employment data.

Overall, then Japanese Yen is having a strong day as traders seek a refuge following unexpectedly high Chinese inflation data.

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