Monday October 22, 2007 - 20:23:56 GMT
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FX Blog: Market Snapshot Far East Open
GVI Market Snapshot-- Far East Open
- The EUR/USD is back at its 20-day moving average (1.4166). Equties tried to break early and then closed higher.
- Strange markets today in the wake of G7. Clearly USD shorts are being washed out. Why? is another question.
- Stocks are all over the place as several attempts at a rebound off a weak start have run out of steam.
- Odds are USD is not out of the woods yet as worry about the U.S. economy remains a major theme.
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