A look at non-farm payrolls The market has been distracted of late by bigger picture stories of US protectionism and fear of global trade wars, but will turn its attention back to Fed policy normalisation on this Friday, another major theme in 2018.
A report by the Nikkei citing multiple sources in China and North Korea with knowledge of the matter Says that Kim Jong Un had shown intent to return to six-party talks on denuclearisation when he met up with China’s president Xi Jinping last week.
The pair is now back near the highs at 1.2280 currently So, the first test today of the long-term trendline support has failed. This is a key psychological level in my view for buyers in order to maintain some form of conviction for an uptrend move.
Q1 data hasn’t been bright and rosy as European officials have been hinting over the last few months When the Citi economic surprise index updates with today’s data points, that dip is going to be much lower than it is now.
Forex and cryptocurrency news from the European trading session – 5 April 2018 News: Data: After yesterday’s trade war-led fun and games it’s been a far more sober affair today in the FX markets with risk-on sentiment generally prevailing as equities recover some poise.
EU head Brexit negotiator just out on the wires 5 April – wants to have as close relations with UK as possible post-Brexit Ah how sweet. Soft Brexit seems the way both sides want to go but we’re nowhere near a final agreement and I still say that a harder Brexit is in the UKs…
Continuing claims 1808k vs 1843K expected
More USD demand as the US data release looms 5 April Decent support at 1.4030 now history but more lurking around 1.4000 holding at the moment EURUSD down thru 1.2250 but bids demand at 1.2230 next
Your next data risk at 12.30 GMT 5 April Expectations: Trade data used to be very second tier readings but now will garner more attention given all the trade war rhetoric.
We’re seeing some USD buying again 5 April USDJPY back up to 107.07, GBPUSD testing 76.4% Fib support around 1.4030 that held after the soggy UK services PMI data and EURUSD looking at 1.2250 support/demand again.