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The Turkish lira hit a new 2019 low earlier today, causing the USD/TRY to break above its recent highs...

Just a day after stronger Chinese macro pointers helped to alleviate concerns over a global economic slowdown, that optimism has quickly faded with the latest Eurozone data once again dampening expectations over growth.

A summary of news and snapshot of moves ahead of the US session

The British pound was the weakest major currency yesterday on the back of reports that there was no agreement on a customs union between Labour and Conservatives. It fell further this morning in reaction to the latest consumer inflation data.

We have had a number of major economic news out today, overall showing weak inflationary pressures but there was good news from China.

The CAD/JPY has been printing bullish price action ever since the head and shoulders reversal pattern failed towards the end of March and bears were trapped.

A summary of news and snapshot of moves ahead of US session

If we are to see the re-emergence of a trend in FX, it will likely be in yen pairs pushing higher along with stocks

Today, we may have seen a possible low form in silver, although further price action is needed to confirm this potential reversal signal.

A summary of news and snapshot of moves ahead of the US session.

Thanks to ongoing risk-on sentiment in the markets, the safe haven Swiss franc has fallen out of favour against several major currencies. Even the British pound is performing better than the Swissy, despite the delay in Brexit which has further increased near-term uncertainty.

The Dollar Index is trading near the top of its 6-month trading range ahead of Friday’s US jobs report.