The euro (EUR) produced mixed signals against most of its major counterparts as risk aversion levels do not retreat. Ireland held a referendum yesterday on whether to accept the eurozone fiscal compact and exit polls point to a positive outcome amid low turnout. There were reports that the International Monetary Fund (IMF) commenced discussions on rescuing Spain but the nation’s Economy Minister rejected this. European Central Bank (ECB) President Draghi confirmed that Greek banks that have been re-admitted to the central banks operations following their recapitalisation. Versus the British pound, the euro rose to 0.8029 from 0.7991.

The US dollar (USD) appeared strong versus a basket of currencies, ahead of the Non Farm Payroll (NFP) release due later today. The ADP employment report – a good forecaster of the NFP - announced yesterday came out below expectation at 133 thousands. Versus the Swiss franc (CHF), the greenback rose to 0.9715 from 0.9706. Against the Canadian dollar (CAD), the US dollar rose 1.0331 from 1.0301. The break above 1.0315 is deeded significant and may pave the way for the pair to reach for higher highs.

Oil prices plunged to 86.22 – a new 7-month low - from 87.37 dollars a barrel. Gold (XAU) rose to 1560.55 from 1564.55 US dollars an ounce. Against the euro, gold surged to 1262.14 from 1263.92 euro an ounce. Silver (XAG) moved up to 27.7850 from 27.9050 dollars an ounce. Stay in tune throughout the day with foreign exchange bullets!

Equities	EUROPE				US				ASIA3
	FTSE 100	1.93%			S&P 500	1.88%			NIKKEI	1.90%
	DAX	3.55%			DJIA	2.31%			HIS	4.17%
	CAC	2.83%			NASDAQ	1.49%			CSI 300	2.46%