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  • Squawk / Yesterday at 5:56 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD – Euro positive short-term

    The Euro has managed a decent rebound effort from early April, having been setting up last week to try to make a more bearish signal into the European Central Bank (ECB) and Federal Reserve Meeting last week (see our report here).
    The EUR USD currency pair recovery through resistance levels has partly reflected a renewal of risk appetite, with European equity averages responding particularly well to some improvement in European data through the first part of April (after economic data weakness seen in March).
    Although the EURUSD Forex rate remains caught within a broader range environment, in the short-term the risks are to the upside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-euro-positive-short-term/
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  • Calendar event / Yesterday at 1:30 GMT

    AU Labour Force

    forecast
    actual
    High Unemployment Rate-SA
    5%
    5%
    High Employment-SA, M/M
    +15000
    +25700
    Med Full-Time Workers-SA, M/M
    +48300
    Med Participation Rate-SA
    65.6%
    65.7%
    Med Hours Worked-Aggregate-SA, M/M
    +13.2M
    Med Part-Time Workers-SA, M/M
    -22600
  • Calendar event / Tuesday at 8:30 GMT

    GB UK monthly unemployment figures

    forecast
    actual
    High Jobless Claimants % of Workforce
    3%
    High Jobless Claimants-Adj
    +28300
    Med Avg Earnings Ex-Bonuses, 3-Mo
    +3.4%
    +3.4%
    Med Unemployment Rate, 3-Mo
    3.9%
    Med Unemployment, Net Chg, 3-Mo
    -27000
  • Squawk / 10 April 2019 at 5:41 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD remains vulnerable into ECB meeting and Fed Minutes

    The Euro remains somewhat vulnerable sustaining losses versus many major currencies through March, most notably the US Dollar, but including the Canadian and Australian Dollars and to a lesser extent the Pound.
    This has primary reflected a still very dovish ECB and a deterioration in European economic data, mostly in Germany in the past month.
    Furthermore, the US$ has displayed a solid tone, strengthening against most major currencies throughout March, with global economic slowdown concerns seeing the US currency bought as a safe haven (despite a more dovish tone from the Federal Reserve).
    Today, the Forex market sees both an ECB Meeting and the release of the latest FOMC Minutes, which could combine to see a significant move in EURUSD, with the technical risks skewed towards the downside.

    https://www.fxexplained.co.uk/forex-articles/current-market-analysis/eurusd-remains-vulnerable-into-ecb-meeting-and-fed-minutes/
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  • Calendar event / 05 April 2019 at 12:30 GMT

    US U.S. Employment Report

    forecast
    actual
    High Non-Farm Payrolls
    +175K
    +196K
    High Avg Hourly Earnings, M/M%
    +0.3%
    +0.14%
    High Participation Rate
    63%
    High Unemployment Rate
    3.8%
    3.8%
    High Avg Hourly Earnings (USD)
    27.7
    High Avg Hourly Earnings-Net Chg (USD)
    +0.04
    Med Private Payroll
    +182K
    Med Avg Hourly Earnings, Y/Y%
    +3.2%
    Med Overall Workweek
    34.5
    Med Overall Workweek Net Chg
    +0.1
    Med Government Payrolls
    +14K