Daily Update - 26th April 2018
Euro & GBP Edged lower against the dollar on Wednesday first Session as the Dollar rose after a rise in Benchmark US Treasury Yields above 3 Percent led investors to consider whether the greenback was breaking out of a prolonged weak spell. The US 10 Year Treasury Yield has risen to its highest in more than four years, Driven by worries about the growing supply of Government debt and inflationary pressures from rising oil prices. US first quarter gross domestic product data due on Friday could determine whether the dollar extends its gains further. A Big day for the European Union as we will see the release of interest rate decision which is expected to remain same. However, traders will keep an eye on the monetary policy statement and the press conference where ECB President Draghi is expected to comment on the Asset purchasing program and changes in the monetary policy. After quite an eventful European session, US will release few mid-tier reports related to the jobs market and durable goods. The durable goods report will be a key market mover for the greenback as it is expected to increase by 0.5%Yesterday’s Focus
Today’s Market
Today’s Focus
