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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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    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.