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Risk FX starts the new week soft but then rebounds

Analytic Dave

Apr 10, 2023

The late-Friday news that US regional bank First Republic was cutting its preferred dividend sparked some worry and many markets didn't have a chance to react to non-farm payrolls. So it was a messy open to this week's trading that saw the antipodeans slump initially.

More recently though, trading is mostly flat with a more-optimistic tone. EUR/USD is up 15 pips to 1.0911, AUD and NZD are flat while S&P 500 futures are up 4 points.

The Japanese economic calendar features February current account data just before the top of the hour.

This article was written by Adam Button at www.forexlive.com.

from Forexlive RSS Breaking News Feed https://ift.tt/VjHrGwS

Analytic Dave

AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.

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