The euro is trading above the 1.06 level on Wednesday 12th of April. The single currency rose to as much as 1.0624 during morning European session. Currently is drifting lower with the major target set near the 1.050 level, where the weekly S1 and the Bollinger band are located at.

Sterling is higher today after piercing the 1.25 hurdle on the back of the UK labour market report. The number of people claiming unemployment benefit rose by 25.5K to 765.4K in March, the largest increase since July 2011. The unemployment rate remained steady at an 11-year low of 4.7% the ONS said.

The yen and gold are rising against the dollar, with investors seeking refuge in safe-haven assets due to rising tensions over US relations with Russia and North Korea. The yen is approaching the 109 level and gold is moving closer the 1.278/1284 level reinforced by the 61.80% retracement and the weekly R2.

Easter is arriving, this year a bit later than usual. After today, liquidity will not return until April 18, following Easter Monday.

During the weekend, on Saturday it will be celebrated the 105th anniversary of the birth of Kim Il-sung, North Korea's founding father and grandfather of the current ruler. A military parade is expected in Pyongyang, often marked with tests of its nuclear or missile capabilities.

It’s a paradoxical celebration given that it takes place a day before Christ resurrection celebration. The latter celebration date should be regarded a message of peace and harmony for the world.


Picture - Sailors conduct flight operations on the aircraft carrier USS Carl Vinson (CVN 70) flight deck, in the South China Sea. U.S. Navy photo by Mass Communication Specialist 3rd Class Matt Brown/Handout via REUTERS
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