Europe FX Handover – 8 April 2019
April 8, 2019 7:48 AM
See a summary of the top FX themes and trends ahead of today's US session!
- FX trade has been generally quiet amidst a dearth of new Brexit and US-China trade headlines.
- The US dollar and euro were the strongest major currencies on the day; sterling was the weakest ahead of meetings between PM May and Labour party leaders.
- Russia suggests that OPEC+ could raise oil output at its June meeting, though Saudi Arabia has indicated it is still trying to reduce inventories. Oil prices are nudging higher ahead of the US open, with the most recent COT report showing a healthy bullish trend in positioning.
- The economic calendar is extraordinarily light at the start of the week, with no noteworthy releases until Wednesday.
Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.