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With notable market closures in observance of Good Friday and Easter Monday, the expiries board is rather light today and even more so at the start of next week. There is just one minor one for EUR/USD at 1.1390 that could keep a lid on price action, considering the much thinner liquidity conditions. That said, there could be exacerbated price moves during this period amid the lesser interest and heavily reduced market flows. So, I wouldn’t put too much emphasis on the expiries above.

In any case, trading sentiment as a whole continues to ride on the broader market mood and anticipation of headline risks. On the latter, it’s still all about Trump’s tariffs and trade – especially concerning US and China. So, that’s the bigger consideration.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at www.forexlive.com.

The theme of dollar selling has been a major one since Trump ramped up the trade war and it’s continuing so far on Friday in Asian trade.

The US dollar is down 10-20 pips across the board, led by a decline in USD/CHF.

I think that pair is a key place to watch in the days ahead as it consolidates after falling to a 10-year low.

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

Canadian Highlights The Bank of Canada held the policy rate at 2.75% and, in a break from tradition, refrained from publishing its usual forecast. The Monetary Policy Report outlined two illustrative scenarios depending on different U.S. tariff policy paths. Both marked a downgrade from January’s projections. Economic data released this week showed that the housing […]

The post The Weekly Bottom Line: Tariffs Create A “Challenging Scenario” For The Fed appeared first on Action Forex.

Summary United States: Economic Growth Holding On, for Now Real GDP growth is slowing but still holding on before an expected drag from tariffs kicks in. In March, retail sales rose solidly. Total industrial production fell during the month; however, manufacturing output gained. Housing starts pulled back sharply, though building permits increased. Next week: New […]

The post Weekly Economic & Financial Commentary: Economic Growth Holding On, for Now appeared first on Action Forex.