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FX market still on slow start caused by Easter Holidays

Easter Monday holiday still depressing any large movement in FX market with US index opens slightly lower on starting of the month as well as the movement in Asian session are also slow and the market remains in thin liquidity conditions.

Nikkei down to 0.31% and little news driven the market to remain in technical range consolidation pattern.

This week focus: Tuesdays’s RBA meeting and Eurozone PMI, Eurozone CPI and US ADP on Wednesday and Friday’s US NFP data. Overall expect risk sentiment and yield path by major central bank still remaining in the near term theme for USD direction.

Today US Manufacturing PMI and ISM Manufacturing data as well as Fed’s Kashkari speech might have small intraday impact.

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