April 30, 2024 06:30 GMT
In the green across the Majors
USD
- The Dollar is in the green across the majors, and is extending gains going into the European session, testing high against the CHF, EUR, CZK, PHP, PLN, TWD, NOK, CAD, AUD, NZD, CNY, CNH.
- The worst early performer is the Aussie, which has now lost just over 1% from Yesterday's high, including 0.79% for today's session, which has been exacerbated by the Australian Retail sales miss overnight.
- Initial support is seen at 0.6483.
- Some Desks might look for Month End potential flows, but attention and positioning will be more FOMC driven, as Market participants look for a Hawkish tilt from the Fed Tomorrow.
- As such, the Yen will remain at the forefront as USDJPY is again trading around the 157.00 handle, and what impact a Hawk Fed Tomorrow could have on the pair.
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