The markets opened with some mild market gaps this week. The euro and pound gapped down 45 pips while the swissy and aussie weakened by 25 pips each. The loonie and yen were a pretty mild 5 pips. The market is showing us dollar strength at the conclusion of the G20 meeting which took place over the weekend.

At the meeting of 20 of the largest and most industrialized nations in the world, leaders have pledged a “sustained effort” in order to end the global recession while trying to cleanse banks of their toxic assets. However, recent data has shown that the outlook on recovery is dark as exports from china plummet, factory orders from Germany drop 38 percent, and consumer confidence in the United States is at 28 year lows.