|Day's Range||0.744 - 0.746|
|52 Week Range||0.7284 - 0.7973|
Sterling Pound sets off uptrend following Brextension. Lonnie pair uplifts over weak Iran Export numbers. AUD/USD plunges amidst Euro’s Fall.
Economic data comes back into focus today. The Eurozone’s private sector PMI numbers will indicate whether the slowdown was temporary or worsening…
CAD gained the upper hand on positive crude oil price. Investors now await macro data updates for directional cues.
ADP to release February Canadian Employment Change number today. Trump says US tariffs may sustain for a certain period.
The Kiwi and Aussie Dollar find strong support in the wake of a more dovish than expected FED. Will be the BoE sink the Pound later today?
Crude oil bulls underpinned by positive crude oil price and weaker USD ahead of Fed forward guidance update and the pair is likely to trade range bound until the pair gets a clear directional bias.
Sterling recovers while Euro touches two-week high amidst uncertain Brexit. Major Currencies benefitted from the Greenback slump. Oil prices jump underpinned by latest OPEC news.
The RBA meeting minutes pinned back the Aussie Dollar early on, in spite of U.S Dollar weakness. Focus remains on Brexit and “the deal.”
Dubiousness Arise Over May’s winning in the third Meaningful vote; USDJPY settles neutral; Commodity-linked-CAD surge later the day
The pair saw two way price action on broad-based USD’s strength but remained well within Friday’s price range and is likely to continue range-bound price action ahead of US FOMC update.
It’s risk-on through the early part of the day, which sees the Dollar on the defensive once more, A light economic calendar put the FOMC in focus.
A sharp fall in oil prices undermined Loonie and helped USD regain positive momentum ahead of US macro data updates.
Optimism on trade and the Brexit delay supported risk appetite early on. Economic data out of the U.S will need to be good to reverse early losses.
USD Regains strength ahead of American market hours as investor sentiment turned risk averse following Sino-U.S. trade deal related headlines and declining crude oil price in broad market.
Positive Durable Goods Order data merely supported the plunging USD Index; Yen to remain silent amid risk-sentiments; AUD drifts near two-month low
Bullish oil prices underpin Loonie adding a high level of downward pressure on USD as investors await US macro data for short term profit opportunities.
It’s all eyes on Parliament today. Could members of Parliament actually vote in favor of a no-deal Brexit?
It’s a positive start to the day for the Pound. Markets have a worst-case scenario being a delay, while a soft could be the outcome if Theresa May wins.