Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope you're all doing well as we get things going here on the session. It's been mostly a quiet one so far with markets looking a bit nervous since Asian trading. Equities are holding lower while bond yields are a little heavy to start the day and that's helping the Japanese yen to lead gains in early European morning trade.
Meanwhile, the dollar is mixed against the rest of the major bloc as trading ranges remain narrow for the most part. The aussie got a jolt higher earlier in the day after the jobs report release but is still searching for a meaningful break higher against the dollar above 0.7200 and the 200-day moving average.
PMI survey data from the Eurozone will be the next immediate focus of markets, so keep your eyes and ears peeled for that. Otherwise, be wary of changes in risk sentiment as most major markets are also looking towards the four-day weekend in conjunction with the Easter holidays. Japanese and US markets will be open though on Friday and Monday, so we could still see some decent movement but expect thinner liquidity conditions to prevail.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
