Europe FX Handover – 1st May 2019

With much of Europe out in observance of Labor Day, it has been a light day in FX during the bulk of European session thus far. Market participants are looking forward to the FOMC rate statement and press conference later.
GBP has remained the strongest currency ahead of this week's key fundamental events, owing in part to reduced fears over a no-deal Brexit, though the GBP/USD was approaching a key technical level around 1.3080 ahead of FOMC.
NZD has been the weakest following the publication of disappointing jobs data from New Zealand overnight, where employment unexpectedly fell by 0.2% in the first quarter, raising the possibility for a rate cut from the RBNZ next week.

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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