UK and US Data

Goodmornin'

We have UK GDP and US Durables today as the BOE joins the ranks of liquidity-injecting CBs. Lots of interesting subplots:

• AUDCAD breaking above 8750 and thus lifting USDCAD away from parity
• Bond market sees inflation perking up (just like XAU)
  
• Nasdaq 100 trades above pre-correction levels
• GBP remains extremely weak, subprime worries seem to center on UK not US right now.
• Canadian CP also feeling the pain - http://www.bloomberg.com/apps/news?pid=20601109&sid=as9QkuEv9Wqw&refer=home
  
• Crude must correct!

I'm flat currently but I'll consider picking up USDCAD on a 20-30p retracement. Short-term target 1.0180.