Intraday Market Thoughts
From NFP to FOMC Minutes
by
Apr 7, 2015 17:54
Euro drops back below the $1.09 level, remarkably shrugging a host of upbeat PMI surveys from the Eurozone and assurances from Athens that Greece will make its repayment to the IMF due this week. AUD was the biggest winner following the RBA's decision to hold rates unchanged, but USD was the resurging winner, building upon Monday's gains and erasing all of Friday's post-NFP losses. USD's nexy test is tomorrow's release of the latest FOMC minutes. Charts & Analysis.
Click To Enlarge
| Act | Exp | Prev | GMT |
|---|---|---|---|
| Eurozone Spanish Services PMI | |||
| 57.3 | 56.5 | 56.2 | Apr 07 7:15 |
| Eurozone Final Services PMI [F] | |||
| 54.2 | 54.3 | 54.3 | Apr 07 8:00 |
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