Daily Update - 23rd April 2019
Due to the Easter holiday, mostly market were closed yesterday except the US market. The US Existing home sales data came negative still dollar able to retain the gain against the rival currencies. The euro was little changed lower against the U.S. dollar, as traders failed to push the single currency higher, as liquidity in the market remained thin due to market holiday. GBP also declined against the dollar yesterday, as investors waited for another round of Brexit developments. US secretary of state Mike Pompeo said US won’t renew waivers for countries that buy oil from Iran. The current state of waiver issued to China, India, Italy, Japan, Korea and it expires on May 2. The US, Saudi and UAE 3 of the world’s great energy producers and allies are committed to ensuring that the global oil markets remain adequately supplied. It will help USD to get stronger against the other currencies. + Economic data due out of the U.S is limited to existing home sales. The stats are unlikely to have a material impact on the U.S Dollar. Outside of the major stats, there will likely be greater sensitivity to Redbook figures that are also due out later today. Yesterday’s markets
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