“Cut your losses. Cut your losses. Cut your losses. Then maybe you have a chance.”
USD
EUR/USD
The Shared currency bounced off intraday low to trade around $1.0450 amid softer US dollar as market awaits Eurozone GDP data and ECB's President Lagarde speech later during the day.
GBP/USD
The Cable gained above $1.2300 amid an improvement in the risk appetite of investors ahead of the release of the UK labor force, retail and inflation data tomorrow.
USD/JPY
The Japanese yen lost momentum to 129.00 against the greenback as china plans to end lockdown amid third consecutive day of zero coronavirus cases as well as in anticipation of US retail sales data.
AUD/USD
The Aussie dollar rose to $0.7070 as RBA minutes sounded more hawkish as the Australian economy is well being supported by household and business balance sheets.
USD/CAD
The Loonie struggled around 1.2850 ahead of Canada inflation data. Oil prices have gained sharply as supply worries have been renewed on the falling US Strategic Petroleum Reserves (SPR) and OPEC’s inability to produce the required oil
USD/ZAR
The South African rand rallied to 16.05 despite power cuts on the domestic front clouding the economic growth outlook.
USD/MUR
The dollar-rupee remained unchanged at 43.45(selling).
13:00 - EUR - Unemployment change
13:00 - EUR - GDP
16:00 - USD - Fed's Bullard speech
16:00 - USD Retail Sales
21:00 - EUR - ECB's President Lagarde speech
