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.
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.
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.
Monday 1st April: Weekly technical outlook and review.
Cable fell sharply Friday after the House of Commons rejected PM Theresa May's EU Withdrawal Agreement for a third time, unlocking a new stage in the Brexit saga but layering further uncertainty onto the economy and markets in the process.
Friday 29th March: Greenback climbs as sterling collapses ahead of today’s Brexit vote.
UK PM May is set to push ahead with a critical vote on part of her Brexit deal today – the Withdrawal Agreement, though government will exclude the political declaration dealing with Britain’s future relations with the EU.
Thursday 28th March: Dollar records second consecutive daily gain despite Treasuries weakening – US GDP eyed today.
The single currency sustained its downside presence Wednesday, weighed on by a swelling dollar and ECB’s Draghi’s dovish remarks, hinting a rate hike could be further delayed if necessary.
