Hot Market News
🔴 EUR/USD lost its traction and declined below 1.0800 in the European morning on Friday. Although the data from Germany and the Eurozone showed that Composite PMI edged higher in early March, the Euro struggled to find demand. S&P Global will release PMI surveys for the US next. Source: fxstreet.com
🔴 GBP/USD continues to trade in negative territory below 1.2300 on Friday. The data from the UK showed a loss of momentum in the private sector's activity growth in March, making it difficult for Pound Sterling to stage a rebound. Eyes on US Durable Goods Orders and PMI surveys. Source: fxstreet.com
🔴 USD/JPY pair extends this week's rejection slide from the 133.00 mark and continues drifting lower for the third successive day on Friday. Spot prices drop to the lowest level since February 10 during the first half of the European session. Source: fxstreet.com
🟢 AUD/USD picks up bids to refresh intraday high near 0.6690 during early Friday morning. In doing so, the Aussie pair consolidates the weekly losses while bouncing off a two-week-old ascending support line. Source: fxstreet.com
🔴 USD/CAD pair struggles to capitalize on the previous day's goodish rebound from the 1.3630 area, or over a two-week low and oscillates in a narrow trading band through the early European session on Friday. Source: fxstreet.com
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