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.
Wednesday 27th March: ECB President Draghi speaks in Frankfurt today – euro in the spotlight.
A firm greenback across the board weighed on the single currency Tuesday, despite US consumer confidence reporting lower-than-expected numbers. The Conference Board Consumer Confidence Index declined in March, after increasing in February.
Tuesday 26th March: Greenback in the red as US Treasury yields extends downside.
Sentiment among German business leaders improved as the IFO Business Climate Index rose in March from 98.7 (seasonally adjusted) to 99.6 points.
