Friday March 28, 2008 - 10:10:26 GMT
Share This Story
Global-View - www.global-view.com
FX Blog- Market Snapshot Europe Mid-Session 28 March 2008
GVI Market Snapshot- Europe Mid-Session
- Market Sentiment remains cautious early on Friday. The USD might need to consolidate its substantial declines in the wake of a number of weak U.S. economic reports recently. Dealers rarely have big ideas into the weekend.
- The USD is steady vs. the EUR and is higher vs. the GBP from late Thursday levels. The carry trade financing currencies, CHF and JPY, are weaker. Japan is now into its yearend period. Deleveraging remains an underlying market theme.
- Asian bourses closed higher. The Shanghai Composite gained sharply on rumors the government could take steps to support shares. Key European bourses are higher. The early call for the open of U.S. equities is for higher. U.S. bond prices are mixed to weaker.
- The commodity currencies (AUD, CAD and NZD) are steady to higher vs. the USD. Gold and oil are higher. Today the U.S. sees the personal income statistics and the final March University of Michigan data.
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."