Thursday April 24, 2008 - 10:09:05 GMT
Share This Story
Global-View - www.global-view.com
FX Blog- Market Snapshot Europe Mid-Session 24 April 2008
GVI Market Snapshot- Europe Mid-Session
- Market Sentiment for the USD has continued to improve on Thursday. The unit today has gotten a major boost from the release of weaker than expected German Ifo data.
- The USD is trading considerably higher vs. the EUR from late Wednesday. The GBP has eased as well, despite better than expected retail sales data. The carry trade funding currencies, JPY and CHF, are weaker vs. the USD.
- The Shanghai Composite closed up strongly (+9%) after the government removed the stamp tax from stock purchases for domestic investors. In Hong Kong, the Hang Seng index closed higher as well. The tech-heavy Japanese Nikkei closed down modestly. Key European bourses are trading weaker. Eurozone bond prices are better. U.S. equities are seen opening weaker later. U.S. bond prices are better.
- The commodity currencies (AUD, CAD and NZD) are mostly weaker vs. the USD. The CAD is steady. The RBNZ held policy steady today and signaled steady rates into the immediate future. Gold and oil are trading weaker.
- Today sees U.S. weekly jobless claims, durable goods orders and new homes sales.
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."