Daily market overview by major
Update time: April 07, 2021 03: 00GMT
EUR / USD – 1.1871
Yesterday’s rally in the euro above Monday’s high of 1.1819 to a nearly 2-week high of 1.1877 on continued weakness in the US dollar from falling US yields suggests a move up from last Wednesday’s 4-1 / 2-month low at 1.1705 continues and will lead to increased margin gains in overbought conditions. the price should cap at 1.1947, and the risk of a strong pullback from the indicated growth has increased.
On the other hand, a dip below 1.1819 signals at least the first phase of a retracement and is heading back towards 1.1786 / 96.
Data will be published on Wednesday
Australia’s AIG construction index, Markit’s services PMI, Japan’s coincidence index, a leading indicator.
The service PMI in Italy, the service PMI in France, the service PMI in Germany, the service PMI in Germany, the Markit service PMI in the EU, the Markit PMI in the UK.
US MBA Mortgage Applications, Canada Trade Balance and Trade Balance, Exports, Imports, Ivey PMI.