Quiet start to a shortened week for many markets
The Easter public holidays have ensured a shortened week for many markets, but it could still bring plenty of volatility.
The EURUSD made some modest gains overnight after opening at $1.12365. The pair stumbled early, dipping to lows of $1.12348 before climbing for a majority of the session. The euro peaked at $1.12613 late in the day and is not far off that now, currently trading at $1.12584. The GBPUSD looked solid early, climbing from its $1.29837 open to a mid-session high of $1.29966. Mid-to-late-session trading saw the pound fall to lows of $1.29743. It has come off those lows and is currently trading at $1.29798.
The Dow ended the session slightly in the red overnight, despite a promising start. The index opened at 26,577.30 and climbed to an early high of 26,645.04 before giving up those gains shortly afterwards. The Dow slid to a low of 26,461.44 late in the day before bouncing off those lows. It is currently trading at 26,524.40. The Dax has remained closed due to public holidays.
The day ahead is a relatively quiet one for markets, with many reopening after the Easter holiday period. Data released today includes:
NZ – Credit Card Spending
Japan – BoJ Core CPI, SPPI
Europe – Consumer Confidence
Australia – CB Leading Index
Canada – Wholesale Sales
US – HPI, New Home Sales, Richmond Manufacturing Index
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