The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
Antipodeans jump on the Fed Chair comments about the rate cut
Oh, what a rise! Antipodeans jump on the Fed Chair comments about the rate cut.
- The bullish candlesticks on H4 of both NZD/USD and AUD/USD look impressive and give us a fear of missing out. That's not a surprise, as the Fed chair Jerome Powell signaled openness to rate cut due to trade uncertainties and weaker economic outlook. His remarks weakened the USD and pushed other currencies higher against it.
- NZD/USD jumped by 48 pips to the resistance at 0.6652. The next key resistance will lie at 0.6666. From the downside, the support levels are 0.6634, 0.6626 and 0.6619.
- AUD/USD tested the resistance at 0.6960 (100-period SMA). The next resistance will lie at 0.6968. In the case of the fall, the first support will lie at 0.6949 (200-period SMA). After the breakout, expect the further fall to the 0.6930 level.
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.