Bullet Report | Markets: Welcome Back

  • Today is the first day of all markets open after the Easter Holiday. Monday was particularly slow however price action and volatility should pick up as we head into the trading day. Evident is that the volatility in the SP500 index was 24% of its 10 day average, which indicates the lack of traders interest during the holiday period.
  • With a range of data today such as Pending home sales and Consumer Confidence data (both from the US) volatility should be at its peak mostly during the US session. Traders will also position themselves ahead of the NFP report which is due on Friday. Furthermore, Fed Chairwoman Janet Yellen will speak in New York tonight.
  • Overnight, USD recovered mildly especially against GBPUSD which dropped to 1.4220 from 1.4280, and with USDJPY continuing its grind higher. There are speculations that Japan Prime Minister Shinzo Abe could delay the next scheduled sales tax hike and even call a snap reaction.
  • EURUSD is trading at 1.1188, down from 1.1220 yesterday as traders prefer to hold USD ahead of Yellens speech tonight.
  • GOLD price failed to sustain the overnight recovery from one month lows and again fell into the red zone in the Asian Session. Yesterday GOLD managed to recover from $1208 to $1224 before slipping again. Watch our colleague Bharat talk more about GOLD here .

The post Bullet Report | Markets: Welcome Back appeared first on Forex.Info.

Source:: Bullet Report | Markets: Welcome Back

Won't your trader friends like this?
easyMarkets
About the Author
With over a decade of trading expertise and 100,000 fulfilled clients in 160 countries worldwide, easyMarkets will tick all your boxes whether you are a new or experienced trader, affiliate or introducing broker. [space height="20"] Trade 300+ markets including currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms! [space height="20"] Welcome to the exciting world of trading. Welcome to easyMarkets.

Related Posts

Leave a Reply

*