11:00 GMT (Global-View.com) January 3- Many markets are still closed for new years holidays today, but will be fast to move back into action heading into Tuesday. The sixty-four dollar questions are whether the the EUR will be weak or strong in the new year and whether the JPY will remain in demand. The EUR remains a difficult call with the German economy on core Europe strong and the periphery players still vulnerable. In the case of Japan, in past similar situations the JPY has remained in demand for a while following calendar or fiscal year ends. No data releases are expected today.
Check the Forex Forum over the day for ongoing summaries of current market themes in the WHAT'S THE BUZZ? continuous discussion thread.
TODAY'S DATA HIGHLIGHTS: North America: U.S.- No major data. Canada is closed.
See ECONOMIC CALENDAR for a complete list of future forex market events and consensus data estimates. Go to the forex forum for up-to-date market developments and technical trading ideas.
John M. Bland is an author and co-founder and partner of Global-View.com. Prior to Global-View.com, he was a forex trader and a private-label forex analyst for a top Fed watching service in NYC. He has been a corporate forex advisor and also worked in international liability management for a major N.Y. money center bank. John holds an MBA from the University of California at Berkeley and a B.A. in International Economics from that school.
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