NZD/USD held post-GDP gains throughout the....>

FOREX: NZD/USD held post-GDP gains throughout the European and US sessions,

allowing the pair to close above the 50-DMA for the first time since early

April. NZD/USD now sits on gains of close to 3%, having rallied for 7 of the

past 8 sessions.

- GBP performed well on stronger than exp. UK retail sales numbers, which came

hot on the heels of the higher than exp. CPI numbers from Wednesday. GBP/USD

rallied through Wednesday's highs, ignoring the tension at the EU leaders summit

at Salzburg, finishing well above the 100-DMA.

- JPY was the poorest performer across G10 with equities rallying sharply on

both sides of the pond pressuring the safe haven currency. The S&P500 touched an

all-time high, allowing U.S. 10-Year yields to briefly touch the highest level

seen since mid-May. This fed through to USD/JPY, dragging the cross through the

September highs, with bulls looking for a re-test of July's best levels

(Y113.17).

- Focus on Friday turns to Japanese and Canadian CPI numbers, Canadian retail

sales & PMIs from across the Eurozone.