The Sri Lankan rupee closed 0.2 percent weaker on Friday as worries about more bomb attacks after the Easter Sunday attacks weighed, while stocks edged up for the third straight session after hitting a more than six-year low early in the week. ** Sri Lankan police are trying to track down 140 people believed linked to Islamic State, which claimed responsibility for the Easter Sunday suicide bombings of churches and hotels that killed 253 people, President Maithripala Sirisena said on Friday. ** Analysts fear it could weaken further due to outflows from stocks and government securities.
The U.S. dollar was little changed to begin Friday, as markets await the first reading of U.S. growth figures for Q1 2019 set for 8:30 a.m. Eastern time.
London markets declined as earnings from Royal Bank of Scotland and AstraZeneca disappointed investors. How did markets perform? The U.K.’s FTSE 100 (UK:UKX) was at 7,376.5, flat on Friday. It slumped 0.
European markets struggled as lackluster bank earnings outweighed more positive reports from automakers and pharmaceutical companies. Weak oil prices also hit related companies. How did markets perform? The Stoxx 600 (XX:SXXP) was flat at 390.
The loonie pair was rising above 1.1395 levels. The greenback bows down ahead of bearish US GDP figures. The crude prices got hurt after China reduces oil imports from the Gulf.
Gold futures could weaken if the GDP figures show the U.S. economy outperforming the rest of the developed world. Prices could strengthen, however, if traders determine that global economic risks are outweighing U.S. economic strength.
As expected, the last day of this week brings us a correction of the recent movements, especially those on the USD and instruments connected with the USD (commodities).
The GBP/USD pair was trending up near 1.2912 levels. The stalled cross-party talks on Brexit remained unfavorable to trade gains. The news of Wales Independence vote soared market sentiments. The market stayed bullish on their expectation.
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The bears continue to bring down the Euro pair. Also, the ECB remains neutral/bearish over the economic outlook of the region. The 200-days major SMA hovered well above the pair alluding a downtrend.
Investing.com -- Wall Street is set for a cautious opening on Friday ahead of the release of first-quarter data on economic growth that could push the market in either direction.
Based on the early price action, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the 50% level at .7030.
Based on the early price action, the direction of the USD/JPY on Friday is likely to be determined by trader reaction to the 50% level at 111.624.
Based on the early price action, the direction of the NZD/USD the rest of the session is likely to be determined by trader reaction to the steep uptrending Gann angle at .6620.
Corporate earnings and U.S GDP numbers will keep the markets busy later today. Risk appetite could be tested if the U.S economy sees sub-2% growth…
Market jitters could return if the U.S economy sees growth slow to below 2%. Ahead of the stats, European corporate earnings will be in focus.
Investing.com -- The dollar was consolidating near its highs for 2019 in early trading on Friday, showing little sign of weakening after a week of data and central bank actions that have underlined the relative strength of the U.S. economy, at least for the present.
The collapse of the Swedish krona to its lowest level in more than a decade against the dollar on Thursday was fueled by what’s becoming a common theme in financial markets: a retreat by global central banks.
The U.S. dollar opened higher on Thursday, with a popular gauge of its strength rising to its highest level since May 2017.
The EUR/USD continued to stay intact near its lowest vicinity while the greenback stood at its mirrored position. The safe-haven pair fell flat on the face after BoJ monetary statements. The Pound pair slumped and soared back to the same opening position of the day.