The trading day is far from over and in fact, it could be that it is yet to begin
The aussie is continuing to extend higher against the dollar with the greenback holding slightly weaker on the session but markets are generally still in search for a clear direction on the day. EUR/USD sits in a 24 pips range despite it pushing the upper bound of that range currently while USD/JPY remains rather subdued near unchanged levels at 111.15.
Equities are nudging higher but bond yields are flat, so it's hard to really read anything into that at the moment. But fret not, there's still plenty of action still to come later:
- ECB monetary policy meeting decision/statement
- ECB president Mario Draghi press conference
- US March CPI report
- FOMC meeting minutes
- European Council meeting on Brexit extension decision
That should liven things up and give markets a nudge or two as we look towards US trading later today. So, strap yourselves in. We're just getting started today.
