We take a mid-week snapshot of the currency markets, including the main fundamental stories driving the action. Scheduled for Wednesday will be the ADP employment change report as well as GDP data from Canada.

In today’s live coverage we talked about the G20 statement and implication, what to expect from the US fundamental docket, as well as took a look at what may happen if weak US fundamentals undercut the safe-haven US Dollar.

Preview: This week saw risk aversion the first half of the week as there were worries about the European banking sector and concerns about the US economy. Mid-week the FOMC downgraded its assessment of the economy. The Pound was stronger on developments regarding its fiscal budget and monetary policy. We will look over these fundamental stories while also looking at key currency pairs from a technical analysis perspective.

Today we will discuss recent developments from the UK including the new budget and the BOE minutes from overnight, take a look at Canada and the Canadian Dollar, as well as preview the upcoming FOMC meeting.

We spent today’s session talking mainly about the news out of China that authorities will end the yuan’s fixed rate to the dollar, its implications for the global economy, and how it impacts commodity currencies.

This Friday session will look at the most important themes throughout this week from both a fundamental and technical perspective. The rally in “risk-on” trades extended in the first half of the week, though it stalled mid-week. Join us as we answer your questions about the week’s events.

Thursday’s data includes the Swiss National Bank interest rate decision, UK retail sales and industrial orders, as well as US data on consumer inflation, jobless claims, the Philly Fed manufacturing index and the current account.