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Wednesday April 16, 2008 - 20:44:26 GMT
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FX Blog- Market Snapshot Far East Open for 17 April 2008

GVI Market Snapshot- Far East Open
  • Market Sentiment for the USD is ending the day negative after a trying session. The session saw final Eurozone HICP revised up to 3.6% yr/yr after a flash estimate of +.35%. This was a record high for the data and well above the ECB target of below 2.0%. Dealers say the data reinforced the notion that the central bank is nowhere near a policy easing.
  • The USD is ending down sharply vs. the EUR and GBP against. its Tuesday closes. The EUR/USD made a new record high as it approached the psychological 1.60 line. The carry trade funding currencies, JPY and CHF, are mixed to stronger vs. the USD.
  • The Shanghai Composite and Hong Kong exchanges fell following Chinese GDP and inflation data, which suggested more monetary tightening is in store. The PBOC raised its bank reserve requirements on Wednesday. The tech-heavy Nikkei advanced following positive Intel results late Tuesday. Key European bourses closed higher. Eurozone bond prices are weaker. U.S. equities are closing higher. U.S. bond prices are easier as well.
  • The commodity currencies (AUD, CAD and NZD) are sharply higher vs. the USD. Gold and oil are mixed.
    • 20:13

       USD

      pips

      10yr

      bp

      2yr

      bp

      Stox

       

      pts

      USD

      71.65

      n/a

      3.673

      8.2

      1.971

      11.9

       

       

       

      EUR

      1.5957

      171

      4.043

      7.0

      3.598

      9.1

      DAX

      6703

      118

      GBP

      1.9709

      91

      4.538

      10.1

      3.972

      7.8

      FTSE

      6046

      139

       

       

       

       

       

       

       

       

       

       

      CHF

      0.9982

      (78)

      3.137

      10.8

      2.529

      10.8

      SMI

      7251

      63

      JPY

      101.68

      9

      1.345

      0.5

      0.64

      0.0

      NIK

      13146

      156

       

       

       

       

       

       

       

       

       

       

      CAD

      1.0012

      (178)

      3.670

      5.6

      2.772

      6.4

      TSE

      14072

      225

      AUD

      0.9396

      156

      6.120

      7.7

      6.32

      10.5

      ASX

      5470

      70

      NZD

      0.7905

      57

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      CNY

      6.9918

      3

      SSEC

      3292

      (57)

       

      DJIA

      12619

      254

      Gold

      944.5

      16.30

      HSI

      23878

      (23)

       

      S&P

      1365

      30

      WTI

      114.88

      1.08

       

       

       

       

      NAS

      2350

      64

       

      Forex Trading News

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      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 here.

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      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."



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      11:45 EZ- ECB Decision
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