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Key risk events today: Australia Trade Balance; RBA Cash Rate and Rate Statement. (Previous analysis as well as outside sources – italics). EUR/USD: Monday put out a somewhat subdued session, with buyers/sellers feasting on sell-stop liquidity a touch beneath the 1.08 handle while simultaneously establishing minor support off the 161.8% H4 Fibonacci extension point at … Continue reading Tuesday 7th April: DXY Eyes 101.00 After Fourth Successive Daily Gain

Friday’s jobs report revealed the US economy lost 701k jobs in March, far exceeding the 100k expectation. The unemployment rate was similarly downbeat, up 4.4% vs. 3.5% the month prior.

Key risk events today: UK Final Services PMI; US Average Hourly Earnings m/m; US Non-Farm Employment; US Unemployment Rate; US ISM Non-Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: Although dipping briefly in response to the latest record weekly US claims figure soaring to 6.6 million, the buck quickly rebounded Thursday … Continue reading Friday 3rd April: DXY Bid Dominates Ahead of NFP

The US dollar index is on track to net a solid start to Q2, though is currently trading off best levels ahead of 100.00 in wake of the final Markit manufacturing PMI for March and ISM surveys.