Europe FX Handover – 16th April 2019

Another lacklustre day in FX as yield-seeking investors struggle to work out where to invest with all major central banks recently dropping their hawkish biases
As stocks gained further ground, safe haven gold and Swiss franc fell, while the US dollar rose
British pound was the weakest major currency despite UK wages data printing +3.5% on a 3m/y basis. This was in line with expectations. Excluding bonuses, earnings were +3.4%, also as expected.

Fawad Razaqzada TradingCandles.com

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Fawad Razaqzada

TradingCandles.com

Experience Fawad is an experienced analyst and economist having been involved in the financial markets since 2010 working for leading global FX, CFD and Spread Betting brokerages, most recently at FOREX.com and City Index.

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