Forex Weekly Outlook April 7-11

[Ammeo 10]

The US dollar gained against most currencies and the euro was on the back foot in a busy week. And now, rate decisions in Japan and the UK, Australian employment data and the FOMC meeting minutes of Yellen’s first decision are the highlights of this week. Here is an outlook on the main market-movers ahead.

 

The all-important US Non-Farm Payrolls, slightly disappointed with a 192,000 jobs gain in March. The expectations were high since the winter storms were over and a strong rebound was anticipated. Nevertheless, the release still indicates recovery and consists of encouraging details. The taper train remains on track. Mario Draghi sent the euro lower on more dovish rhetoric and despite a lack of action. Is the ECB serious about QE? In the UK, PMIs weighed on the pound, and the loonie finally staged a recovery after a great Canadian jobs report. More volatility ahead?

 

http://www.forexcrunch.com/forex-weekly-outlook-april-7-11/