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Cross movement remains to lead the direct USD dealings

Market remain in cautious after the Easter holidays but normal market will increase the trending sign in new month.

USDJPY and JPY cross lowers down on risk off sentiment with both DJI and Nikkei lowering further as the concern for risk of trade war remains. Trump will be announcing any further issues on trade side while China media reports that China will fight back any new tariff at equal strength, value and scale which might not be helping the situation.

RBA keep rate unchange at 1.5% and statement with not much anything surprise won’t be having any impact for AUD.

Today less US data and Eurozone also the UK manufacturing PMI might have small intraday impact. Risk sentiment development will still dominate the short term direction and an overall cautious with cross movement remains leading the direct USD dealings on starts of the month.

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