The dollar’s advance is halted for the moment, leaving traders in a bit of a push and pull battle once again. Stocks remain weaker, as we see a slight pullback after relentless gains since November of last year. But U.S. futures are up slightly on the day, at least for now.
This is a week where there isn’t much on the economic calendar that can really shake things up. And these days, that means market participants will be lacking major convictions until we get to the next Big Data release.
In Europe today, we will have to manage the Swiss trade balance and the current account of the euro zone. In all honesty, these are pretty much non-events. So we’ll see later if the weekly jobless claims in the United States have anything to offer. Otherwise, we could find ourselves stuck in an even more hectic period towards the end of the week.
06:00 GMT – Switzerland’s trade balance in March
08:00 GMT – Eurozone current account balance in February
That’s all for the upcoming session. I wish you good days ahead and good luck in your trading! Stay safe out there.
cnbctv18-forexlive
