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Markets continue to trade in tight ranges, as one would expect on Easter Monday. Otherwise, a new quarter is underway and we can expect themes such as increased stock market volatility, trade wars and central bank monetary policy normalization to continue. GBP/USD is trading near the middle of the 1.375 - 1.425 range, probably headed lower to retest the support.
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Markets in holiday mode
Better than expected Chinese data, that was released overnight, hasn't had a great impact but it did contribute to a slightly better risk sentiment. Australian and New Zealand dollars remain in near-term uptrend while yen put in at least a temporary top.
A quiet European session is the most likely scenario with main financial centers closed for Easter Monday. Some more activity is possible in N.A. session but many participants will prefer not to involve until tomorrow. That does not rule out a s…
A quiet European session is the most likely scenario with main financial centers closed for Easter Monday. Some more activity is possible in N.A. session but many participants will prefer not to involve until tomorrow. That does not rule out a s…