April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
The first days of May suggest the month will be risk-off for the GBP/USD. Here is why.
It’s a tough time for the Turkish lira. The USD/TRY is moving up strongly and aggressively.
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
UK Prime Minister was placed in the intensive care. As a result, the British pound plummeted dramatically today.
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
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.
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
The record-high unemployment claims may pull the USD down
Canada will post an update on change in core retail sales on March 20 at 14:30 MT time.
Australia will publish an update on employment figures on March 19, at 2:30 MT time.