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Daily Markets Broadcast 2019-04-12

Daily Markets Broadcast


Wall Street edges lower ahead of earnings season

US indices closed marginally lower yesterday on below-average volumes ahead of the Q1 reporting season, which kicks off today. UK PM Theresa May obtained a six month Brexit deadline extension. FOMC minutes showed most officials didn’t see the need for a rate hike this year.


US30USD Daily Chart


Source: OANDA fxTrade

  • The US30 index edged marginally lower yesterday, recording the fourth down day in five days, after touching a six month high on Friday
  • The index is falling toward the 55-day moving average at 25,697
  • The Michigan consumer sentiment index is expected to drift down to 98.0 in April from 98.4 in March, adding to the uncertainty surrounding the state of the US economy.


DE30EUR Daily Chart


Source: OANDA fxTrade


UK100GBP Monthly Chart


Source: OANDA fxTrade



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Andrew Robinson

Andrew Robinson [6]

Senior Market Analyst at MarketPulse [7]
A seasoned professional with more than 30 years’ experience in foreign exchange, interest rates and commodities, Andrew Robinson is a senior market analyst with OANDA, responsible for providing timely and relevant market commentary and live market analysis throughout the Asia-Pacific region. Having previously worked in Europe, since moving to Singapore he worked with several leading institutions including Bloomberg, Saxo Capital Markets and Informa Global Markets, proving FX strategies based on a combination of technical and fundamental analysis as well as market flow information. Andrew began his career as an FX dealer with NatWest and the Royal Bank of Scotland in the UK.
Andrew Robinson

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