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What is happening with the markets today?​

EUR/USD is exchanging a restricted reach underneath 1.18 as financial backers check down toward the US Nonfarm Payrolls and after a lively beginning to the subsequent quarter. Low liquidity on Good Friday may trigger exceptionally unstable moves.
Gold’s reasonable break over a descending pattern line from late January keeps bulls confident on Good Friday. Likewise preferring the potential gain energy are the MACD signals and the US dollar shortcoming that keeps the yellow metal above $1,730.
S&P 500 closes at a record high over 4,000. Value markets stay light as Biden supports all wagers. April is truly the second-best performing month for the S&P 500.
USD/CAD proceeds with its more extended term downtrend with the Loonie one of just a small bunch of monetary forms ready to better a resurgent US dollar. The year-long auction from the mid1.40s is beginning to back off with the pair now in the center of a four-month range somewhere in the range of 1.2360 and 1.2950 and it will require a solid driver to break out of this zone in the short-to-medium-term.

What to keep your eyes on?

  • USA: U.S. ISM Non-Manufacturing Purchasing Managers Index (PMI) (Monday, April 5th, 2021)

  • AUD: RBA Interest Rate Decision (Apr) (Tuesday, April 6th, 2021)
  • AUD: RBA Rate Statement (Tuesday, April 6th, 2021)
  • USA: EIA Short-Term Energy Outlook (Tuesday, April 6th, 2021)
  • USA: JOLTs Job Openings (Tuesday, April 6th, 2021)
  • GBP: Composite PMI (Mar) (Wednesday, April 7th, 2021)
  • GBP: Services PMI (Mar) (Wednesday, April 7th, 2021)
  • CAD: Ivey PMI (Mar) (Wednesday, April 7th, 2021)
  • USA: Crude Oil Inventories (Wednesday, April 7tg, 2021)
  • USA: FOMC Meeting Minutes (Wednesday, April 7th, 2021)
  • GBP: Construction PMI (Mar) (Thursday, April 8th, 2021)
  • EUR: ECB Monetary Policy Statement  (Thursday, April 8th, 2021)
  • USA: Initial Jobless Claims (Thursday, April 8th, 2021)
  • USA: Fed Chair Powell Speaks (Thursday, April 8th, 2021)
  • USA: PPI (MoM) (Mar) (Friday, April 9th, 2021)
  • CAD: Employment Change (Mar) (Friday, April 9th, 2021)

Wise Thoughts on the Market

  • EURUSD is trading around a resistance level of 1.17606
  • AUDCAD was testing 200SMA on a Daily level for last week
  • GBPCAD is trading around 200SMA on a Daily timeframe
  • Gold is trading on 20SMA on a Daily timeframe, after a decline in price, it is holding between  1684 and 1748 level

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