Monday February 4, 2008 - 11:09:26 GMT
Share This Story
Global-View - www.global-view.com
FX Market Snapshot and Trading Themes: Europe Mid-Session
GVI Market Snapshot-- Europe Mid-Session
- The USD is opening roughly steady in N.Y. from late Friday levels. Most of the major USD relationships are about unchanged. The GBP is stronger heading into the BOE policy decision on Thursday. The markets are expecting a rate cut from the BOE and such as move would be seen as positive for that economy.
- Dealers are still trying to digest the strong USD performance on Friday in the wake of the weaker than expected January jobs data. In general it appears that the forex markets might be looking beyond the upcoming period of U.S. economic weakness to an eventual cyclical recovery.
- U.S. share markets are currently seen opening a touch lower. Asian equities closed up strongly. European bourses are trading better. The early call for the open of U.S. shares is for a mixed to lower open. Bond prices are a bit weaker.
- The commodity currencies (AUD, CAD and NZD) are trading mixed. Gold and oil are weaker.
- The economic calendar from the U.S. today is relatively light.
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."