Daily Update - 5th April 2017
Yesterday’s Market Yesterday Explained US Dollar Continued to strengthen as it dominated most of the trading sessions on Tuesday. RBA Interest Rate Decision from Australia came out as expected and Trade Balance report came out positive in return making Australian dollar Strong. From UK PMI Construction report released negative figures in return making GBP weaker amidst Brexit chaos. From US,Trade Balance report was better than expected and Factory Orders came out as expected. These strong data supported the strengthening dollar for the second day of the week. Today’s Market Today’s Focus Early morning Bank of Japan Governor Kuroda will be delivering a speech about monetary policies in Tokyo. From Euro zone Non-monetary policy's ECB meeting & Markit Services PMI reports will be released. Latter half of the day will be governed by US data, where first up will be FOMC Minutes which will be Followed by ISM Non-Manufacturing PMI & ADP Employment Change reports.
