CHINA

Good Morning:

Good Morning:

Congratulations to the Chicago Blackhawks for winning the Stanley Cup by defeating Philadelphia 4-3 in overtime last night.  The Chicago fans have been waiting since 1961 for a NHL championship-Congratulations.

Good Morning:

The JPY and USD rose as investors sought the safe haven of these currencies, as  Greece has asked for a meeting with the EU, IMF and ECB, and China took additional steps to slow down their economy
. 
Greece’s debt issues are also adding additional pressure to the Euro and to the Euro Zone’s economy in general.
The EZ is hoping to prevent the first default of a member  nation-and have pledged 30 Bil euros  in loans, and the IMF will offer 15 Bil euros in outright funds.

Good Morning:

The USD slipped overnight as speculation that the global recovery is gaining traction-thus  diminishing the demand for the USD as a refuge.  Risk seems to creeping back into the FX marketplace.
The FX markets are fairly quiet with the Easter Holiday upon us, and US employment data due out Friday morning.  The players left in the market will be sitting on their hands till then.

World equity markets rallied, and US Futures are also pointing to a higher opening this morning.  Commodities also jumped, as reports from China show that manufacturing is expanding at a steady pace.

Oil:$84.48                                                  Gold:$1115.90

Good Morning:

The EUR/USD pair fell below 1.40 , trading at 1.3936  during the overnight hours. Comments from China’s central bank that they should not purchase Greece’s debt-added pressure on the Euro.
Yesterday the FOMC’s statement commented that the US economy is in “recovery”, and that they will continue to keep interest rates at record lows.

World equity markets were higher-and US Futures are pointing to a higher opening this morning.
Ford and Procter & Gamble reported better that expected Q4 earnings.

Good Morning:

As China takes further steps to slow down the fast pace of their economy, the USD and JPY rose as demand for higher-yielding assets waned.  With China slowing the availability of loans to the marketplace, along with raising the proportion of deposits banks must set aside for reserves-investors are looking for the safe haven of the USD and JPY. 

Good Mornings:

The USD and JPY rose as speculation that China’s curbing of bank lending may slow the global recovery.
Trouble in Greece are still weighing very heavily on the Euro, and straining the Euro Zone’s economy in general.
Comments from the IMF stating that Greece’s budget woes are “a serious problem”, and comments that China will pare lending after record amounts of new loans were processed in 2009 drove the FX markets to the safety of the JPY and USD .

Good Morning:

The USD and JPY rose as speculation that the tightening of credit availability in China may slow growth in the world’s 3 rd largest economy, boosting  demand for the safety of the USD and JPY.  The Euro struggled as Greece’s financial woes dragged on European investments.

Asian equity markets were higher-Europe is lower at this time, and US Futures are also pointing to a lower opening
later this morning.  JP Morgan Chase missed estimates.

Good Morning:

The USD was weaker overnight.  Signs that any signal from the Fed regarding increasing interest rates was pushed forward after Friday’s disappointing jobs data.  Also adding to the greenbacks woes was a release from China that they are now the largest auto market in the world.  This ends more than a century of the US being the largest auto market.  The ruble also rallied against the USD as the Russian markets opens for their first time in 2010.

The newswires are reporting that the IMF has prepared a China Review where they have said the economy is turning around but there is room for additional fiscal stimulus as unemployment is thought to continue to rise in the near term.  Furthermore, they advise the  unwinding of monetary easing when the recovery is in place.