Wednesday 10th April: Lively day ahead – ECB and the FOMC take centre stage.
Global growth and trade fears returned to the forefront of the market Tuesday, with US President Trump threatening tariffs on European products. Demand for the safe-haven Japanese yen increased as a result.
Tuesday 9th April: Dollar revisits 97.00 – support likely to develop targeting weekly resistance at 97.72.
Despite UK PM May hitting the airwaves on Sunday defending her strategy to reach out to opposition Labour, GBP/USD movement hesitated Monday, oscillating between 1.3121/1.2986.
Monday 8th April: Weekly technical outlook and review.
Total US non-farm payroll employment increased by 196,000 in March (consensus 172k), along with the unemployment rate coming in unchanged at 3.8%, the US Bureau of Labour Statistics reported Friday.
Friday 5th April: US dollar index advances ahead of today’s US non-farm payroll number.
Improving risk sentiment, coupled with the US dollar index advancing higher and erasing Wednesday’s losses, lifted the USD/JPY market to higher ground Thursday.
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Thursday 4th April: Focus shifts to today’s ECB minutes – potential volatility ahead.
Focus shifted to Eurozone service PMIs and retail sales in early London Wednesday, both reporting better-than-forecast numbers.
Wednesday 3rd April: UK PM May seeks further extension of Article 50 momentarily strengthening the pound.
UK PM May stated the UK needs a further extension of Article 50, and would end when a deal has been passed. The PM further added she will reach out to UK opposition leader Corbyn to help break the Brexit logjam.
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Tuesday 2nd April: Dollar index records fifth consecutive daily gain; next upside target falls in around weekly resistance at 97.72.
The single currency kicked off the week on a fragile note Monday, weighed on by a revival of dollar bidding and disappointing Eurozone inflation numbers.
