Market Brief
The Usd was mixed in the Asian session, despite the recovery in equity markets. The EurUsd traded sharply lower from 1.3281 to 1.3091, while the UsdJpy was range bound between 100.70 and 100.21.. With European and US markets closed for a long weekend, we expect trading to be light and continued consolidation in the majors for the rest of Friday through Monday. With the earnings season yet to enter full swing (financial sector earnings releases beginning on Apr. 14), we expect recurring correction in risk taking. Over the past week, the USD appreciated against the Eur, Chf and Jpy but weakened versus the Cad, Aud and Nzd. We are seeing a slight breakdown in the correlation between EurUsd and equity markets and have yet to determine if this decoupling is a short term event or the start of a larger trend.
European and US Markets are Closed Today and Monday for Holidays.
| Global Indexes | Current Level | % Change |
| Nikkei 225 Index | 8,964.11 | + 0.53 |
| Hang Seng Index | 14,901.41 | + 2.94 |
| Shanghai Index | 2,443.90 | + 2.69 |
| FTSE futures | 3,929.50 | + 1.47 |
| DAX futures | 4,492.00 | + 1.74 |
| SMI Futures | 5,020.00 | + 1.29 |
| DJIA futures | 8,017.00 | + 2.87 |
| World Markets | Current Level | % Change |
| Gold | 882.00 | + 0.30 |
| Silver | 12.37 | + 0.16 |
| VIX | 54.06 | + 4.78 |
| Crude wti | 52.24 | + 5.78 |
| USD Index | 85.76 | + 0.49 |
| Todays Calender | Estimates | Previous | Country / GMT |
| Budget balance, $ bn Mar | -157.0 | -48.2 ('08 | US / 18.00 |
Currency Tech
AUDUSD
R 3: 0.7268
R 2: 0.7229
R 1: 0.7203
CURRENT: 0.7194
S 1: 0.7034
S 2: 0.6976
S 3: 0.6857
EURJPY
R 3: 138.57
R 2: 137.41
R 1: 135.57
CURRENT: 131.77
S 1: 130.32
S 2: 129.87
S 3: 128.24
USDSGD
R 3: 1.5443
R 2: 1.5361
R 1: 1.5258
CURRENT: 1.5178
S 1: 1.5054
S 2: 1.4973
S 3: 1.4904
- S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot
