Markets: Gold up $33 to $2323 WTI crude oil up 14-cents to $86.73 US 10-year yields up 8.1 bps to 4.39{721fc769be108e463fe4e33f629fb22fe291c423a7a69eaaf65dcb28e9b05dea} S&P 500 up 57
Category: Resources
Pound Sterling faces pressure as US Dollar strengthens ahead of Nonfarm Payrolls report
The Pound Sterling drops from 1.2680 as deepening Middle East tensions hurt risk-sensitive currencies. A sharp dip in UK inflation expectations improves BoE’s early rate
US Dollar Stumbles Before Key Jobs Data; Setups on EUR/USD, USD/JPY, USD/CAD
US DOLLAR OUTLOOK – EUR/USD, USD/JPY, USD/CAD U.S. dollar, via the DXY index, eases off multi-month highs as global yields soar The spotlight this week
Weekly Market Outlook (01-05 April)
UPCOMING EVENTS: Monday: China Caixin Manufacturing PMI, US ISM Manufacturing PMI, BoC Business Outlook Survey. Tuesday: RBA Minutes, Switzerland Retail Sales, Switzerland Manufacturing PMI, German
Bears show signs of presence, long-term bullish stronghold remains unchallenged
The daily chart reveals slightly bullish momentum, with RSI at 52, signifying resilient buying traction. Indicators in the hourly chart denote a mild downward trend,
PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
Most Read: U.S. Dollar Outlook & Market Sentiment: USD/JPY, USD/CAD, USD/CHF The U.S. dollar, as measured by the DXY index, strengthened this past week, closing
A technical review/preview for the major currency pairs vs USD for the week of March 18
EURUSD: 1:25GBPUSD: 4:50USDJPY: 8:50USDCHF: 13:50USDCAD: 17:00NZDUSD: 20:23 This article was written by Greg Michalowski at www.forexlive.com. Source link
USD/INR recovers some lost ground, eyes on Indian, US CPI data
Share: The Indian Rupee (INR) edges lower on Monday despite the softer USD. The RBI is likely to maintain its monetary policy stance