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Most markets closed for Good Friday; euro trades in 20 pip range

Most traders are enjoying a three-day weekend as markets observe Good Friday.  Overnight, Asian markets finished higher as the Nikkei rose 0.5%, the Shanghai Composite closed 0.6% higher, the ASX 200 eked out a 0.1%, while the Hang Seng fell 0.5%.

In Europe, the release of Italian confidence came in softer than expected and economic outlook for the next 12 months continued to decline.  EUR/USD trades in a tight 20 pip range and is slightly higher by 0.14% on the session.

 

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Ed Moya

Ed Moya [4]

Senior Market Analyst at OANDA
With more than 20 years’ trading experience, Ed Moya is a market analyst with OANDA, producing up-to-the-minute fundamental analysis of geo-political events and monetary policies in the US, Europe, the Middle East and North Africa. Over the course of his career, he has worked with some of the world’s leading forex brokerages and research departments including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including BNN, CNBC, Fox Business, and Bloomberg. He is often quoted in leading print and online publications such as the Wall Street Journal and the Washington Post. He holds a BA in Economics from Rutgers University. Follow Ed on Twitter @edjmoya ‏
Ed Moya