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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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    At Hantec Global Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.