Wednesday January 23, 2008 - 11:05:29 GMT
Share This Story
Global-View - www.global-view.com
FX Blog: Market Snapshot Europe Mid-Session
GVI Market Snapshot-- Europe Mid-Session
- The surprise -75bp cut in the Fed Funds target to 3.50% yesterday has continued to reverberate through the markets. Bourses in the Far East had no opportunity to react Tuesday and have put in strong performances today. Another 50bp cut is now expected on January 30. European bourses had ample opportunity to react Tuesday. They are trading mixed to lower today.
- Equity markets are playing the leading role for all the markets in terms of confidence. They are likely to maintain this role in upcoming sessions.
- The early call for U.S equities is for a lower open later.
- Bond prices are modestly higher.
- The USD is better vs. the EUR and GBP. The JPY is better while the CHF is unchanged suggesting that risk aversion plays continue.
- The commodity currencies (AUD, CAD and NZD) are mixed to weaker. Gold is lower, and oil prices are softer.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."