7 Apr 2015
Session Recap: USD accelerates the recovery
FXStreet (Edinburgh) - The greenback is advancing vs. its major rivals on Tuesday, regaining part of the recent ground lost while market participants have already digested the last Payrolls and remain focused on the FOMC minutes due tomorrow.
EUR/USD has completely faded yesterday’s spike to the key resistance band at 1.1040/60, returning to the mid-1.08s, or 3-day lows; GBP/USD is managing to hold its ground following a solid print from the Services PMI during March in the UK economy and USD/JPY is appreciating to the 120.00 neighbourhood.
Data wise in Euroland, Services PMI came in mixed while the investor confidence tracked by the Sentix index ticked higher to 20 for the current month vs. February’s 18.6. In the UK, the key Services PMI surpassed both forecasts and previous reading.
In the commodities’ space, both the troy ounce of Gold and the barrel of WTI are retracing part of yesterday’s rally, trading at $1,211.60/oz and $51.75/bbl, respectively.
EUR/USD has completely faded yesterday’s spike to the key resistance band at 1.1040/60, returning to the mid-1.08s, or 3-day lows; GBP/USD is managing to hold its ground following a solid print from the Services PMI during March in the UK economy and USD/JPY is appreciating to the 120.00 neighbourhood.
Data wise in Euroland, Services PMI came in mixed while the investor confidence tracked by the Sentix index ticked higher to 20 for the current month vs. February’s 18.6. In the UK, the key Services PMI surpassed both forecasts and previous reading.
In the commodities’ space, both the troy ounce of Gold and the barrel of WTI are retracing part of yesterday’s rally, trading at $1,211.60/oz and $51.75/bbl, respectively.