Euro document on Cyprus was agreed by finance aides yesterday – Bloomberg

EUR/USD eases from intraday high, keeps bounce-off three-day low flashed the previous day. Preliminary readings of April’s PMI are expected to soften for Germany, Eurozone but may recover for the US. ECB President Lagarde will be looked for consistency in her post-ECB meeting speech.

GBP/USD has tumbled toward 1.3820 as the dollar gains ground across the board. US jobless claims beat estimates, while concerns mount about US tax hikes. 

EUR/USD eases from intraday high, keeps bounce-off three-day low flashed the previous day. Preliminary readings of April’s PMI are expected to soften for Germany, Eurozone but may recover for the US. ECB President Lagarde will be looked for consistency in her post-ECB meeting speech.

Gold prices meet critical support on the daily chart and key resistance on the hourly. Overnight, the commodity complex was pressured and gold prices fell by the same margin as measured by XAU/USD which travelled from a high of $,797.79 to a low of $1,777.28.

All market chatter is about Biden's taxes & their impact on shares and cryptos. But let's discuss that ECB decision first-- The economic outlook is improving in Europe, yet you wouldn't know it from Lagarde's Thursday comments after the ECB decision.