Fores Daily News April 8, 2018
Forex Daily News – March 20, 2018
Europe Market Movements
Recent trends are continuing with the EUR down against the USD at 1.1924. The single currency has also lost value against the Pound, with it trading this morning at 0.8791, down from 0.8846 on 4 May. On a day that’s weak on economic data, it remains to be seen how international events affect the Eurozone currency. Choose a responsible broker for your Forex/CFD trading.
US Market Movements
The USD has also extended its general bullish trend against the CHF, with the pair trading this morning at 1.0024, up from 0.999 yesterday morning. Positive unemployment data in Switzerland and Germany this morning provided the CHF with a respite but will Fed Chair Powell’s speech this morning give another boost to the greenback?
Asia/Oceania Market Movements
The AUD is feeling down in the dumps, hit by weaker than expected retail sales figures. Good trade news from China failed to boost the Aussie. Analysts believe that the AUD is nervous about the looming May 22 deadline when the consultation period regarding trade tariffs, is due to end.
Oil prices have been climbing on the expectation that the US would pull out of the Iran deal. Rumors that the Europeans were close to persuading the US President not to withdraw, also affected prices, with them retreating from previous highs. Traders should be online tonight at 18:00 GMT to take advantage of volatility.
|07:15 GMT||USD: Fed’s Powell Speech|
|07:30 GMT||GBP: Halifax House Price Index|
|18:00 GMT||President Trump Speaks|
|20:30 GMT||USD: API Weekly Crude Oil Stock|
For this week’s complete economic calendar, click here.