Monday March 24, 2008 - 20:25:53 GMT
Share This Story
Global-View - www.global-view.com
FX Blog- Market Snapshot Far East Open for 25 March 2008
GVI Market Snapshot- Far East Open
- The USD is up vs. the EUR and down slightly vs. the GBP from Friday levels. Easter Monday trade was restrained due to holidays in many key centers . The better U.S. momentum from late last week carried forward into Monday. The carry trade financing currencies, CHF and JPY, are weaker vs. the USD.
- With most markets closed for the Easter Monday holiday, the focus of trade was on the performance of equity markets. Equity traders saw the adjustment higher to $10 from $2 in the JPM bid foe BSC as a positive for shares. They also felt that better than expected February U.S. Homes Sales were constructive. Some were beginning to speculate that housing could be moving into a bottoming phase.
- Asian bourses closed steady to weaker. The Hang Seng was closed on Monday. Worriers about another policy tightening weighed on the Shanghai index. Key European bourses are on holiday. U.S. equities are closing higher. U.S. bond prices are lower.
- The commodity currencies (AUD, CAD and NZD) are ending higher vs. the USD. Gold and oil prices are ending lower.
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."