Monday April 7, 2008 - 10:00:18 GMT
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FX Blog- Market Snapshot Europe Mid-Session 7 April 2008
GVI Market Snapshot- Europe Mid-Session
- Market Sentiment for the USD looks cautious to start the new week, in spite the weak employment data on Friday. Odds are that dealers will be letting the performance of the technicals to lead, as the markets seem not be following the lead of the economic fundamentals.
- The USD now about steady from its Friday closes vs. the EUR and is up against the GBP. The carry trade financing currencies, CHF and JPY, are weaker.
- The Shanghai Composite closed up strongly and the Hong Kong exchange advanced. The Nikkei was higher. Key European bourses are stronger. Eurozone bond prices are lower. U.S. equities are seen opening higher later. U.S. bond prices are weaker.
- The commodity currencies (AUD, CAD and NZD) are better vs. the USD. Gold and oil are higher.
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