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EUR/USD: The value of the euro weakened in aggressive fashion on Tuesday, despite US ISM manufacturing data recording a less-than-stellar number. Largely influenced by USD movement, which firmly closed higher against the majority of its G10 peers, the EUR/USD concluded the day closing marginally beneath the key figure 1.20. Assuming this number remains in the … Continue reading Wednesday 2nd May: FOMC statement eyed today – Fed expected to stand pat on policy.

Global Markets: Asian Stock Markets : Nikkei up 0.19%, ASX up 0.53% Commodities : Gold at $1312.10 (-0.54%), Silver at $16.21 (-0.66%), WTI Oil at $74.84 (+0.20%), Brent Oil at $68.72 (+0.22%) Rates : US 10-year yield at 2.961, UK 10-year yield at 1.413, Germany 10-year yield at 0.561 News & Data: (AUD) Cash Rate … Continue reading Tuesday 1st May: Thinly traded Asian markets on Labor day

EURUSD: During the course of Monday’s sessions the USD climbed higher and reconnected with a major monthly resistance level plotted at 91.92 (seen on the US dollar index). The euro, on the other hand, breached the 1.21 handle amid London’s session, exacerbated by disappointing inflation figures out of Germany, and concluded the day closing just … Continue reading Tuesday 1st May: Majority of European banks closed in observance of Labor Day – traders may witness an impact on liquidity.