The recovery of the dollar seems to have lost some impulse on Tuesday, which encourages the risk complex to recover part of the recently lost terrain in the context of renewed hopes in the front of tariffs.
This is what you need to know on Wednesday, April 9:
The American dollar index (DXY) retreated significantly, under a renewed seller interest and visited the region below 103.00. The FOMC minutes will occupy the center of the stage, followed by the weekly applications of MBA mortgages, the wholesale inventories and the EIA weekly report on the inventories of crude oil in the US.
The EUR/USD reversed two consecutive daily falls and recovered a strong bullish impulse above 1,0900 in an improved feeling in the universe associated with risk. The final inflation rate in Germany and the results of the current account will be published on April 11.
The GBP/USD set aside the weakness observed in recent days and tested its 200 -day key SMA beyond the 1,2800 barrier. Next, the GDP data, the trade balance of goods, industrial and manufacturing production, construction production and the monthly NIESR GDP track, all expected for April 11.
The USD/JPY partially faded two consecutive daily advances and backed down the low 146.00 on Tuesday. The Japanese agenda will include the consumer confidence index, the requests for machine tool, bank loan figures and the Boj’s speech.
The Aud/USD added to the ongoing weakness and backed up once again to the minimum of five years around 0.5950. Construction permits and private housing approvals are scheduled in Australia.
The WTI fell to a minimum of four years below the brand of 59.00 per barrel, since the additional commercial tensions and the probability of a global commercial war scared the operators.
Gold prices were negotiated on an unfinished day after three consecutive daily falls on Tuesday, maintaining trade below the key of 3,000 $ per Troy ounce. Silver prices resumed their bearish trend after Monday’s bullish attempt, returning below the 30.00 brand per ounce.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
