The greenback came under pressure again versus the Japanese yen following the release of March US consuming spending of March which came up monthly by 0.3% while the consensus was referring to rising by 0.4% after rising by 0.9% in February showing easing of US consuming pace after US consumer confidence of April came last week at 69.2 while it was expected to rose to 69.7 from 69.5 in March increasing the speculations of having more Fed's stimulating steps as its inflation preferred gauge PCE came today down to 2.1% y/y in March and it was expected to slide to 2.2% from 2.3% in February showing easing of the inflation pressure in the same time.

The worries about the manufacturing sector performance in EU could contain the market sentiment in the beginning of this week with mysterious political outlook in France after the first round of the presidential elections which have shown greater than expected possibility of the social candidate Francois Hollande to win Nicolas Sarkozy and this political uncertainty in France can weigh on the Single currency in the coming days by the second round on 6th of May as the social candidate can confront imposing further austerity measures preferring supporting the growth putting aside containing the budget deficit making split in the core policy of the EU which is formed by Germany and France.

The worries about the US labor market have renewed again today with the weekly US initial jobless claim of the week ending on 14th April coming at 386k while they were expected to fall to 370k from 380k a week earlier have been revised to 388k. So, the US equity market has opened in a mixed stance negatively impacted by this figure but cheered by the successful Spanish bonds Auctions today.

The worries about the US labor market have renewed again today with the rising of US initial jobless claim of the week ending on 7th April to 380k while it was expected to fall to 355k from 367k a week earlier.

The greenback has fallen across the broad as this figure pushed up the speculations of having another QE3 later this year and also lowered the possibility of hiking the interest rate in the beginning of 2004

The gold looked the most gainer of this data and jumped above 1670$ again in a similar reaction following the release of Mar US NFP which came adding only 120k Jobs while the market was widely waiting for 200k from 240k in February.