The April US Change in Nonfarm Payrolls report is due on Friday at 12:30 GMT.
USD/CAD may continue to consolidate ahead of the U.S. Non-Farm Payrolls (NFP) report on tap for May 3 as it snaps the series of higher highs & lows from earlier this week.
US Dollar strength is rolling through markets today, pushing the DXY Index to the highs seen in November and December 2018 and March 2019.
The initial Q119 US GDP report is due on Friday, April 26 at 12:30 GMT.
The preliminary March US Durable Goods Orders report is due on Thursday, April 24 at 12:30 GMT.
Crude oil and gold prices fell as the US Dollar rallied in the wake of March FOMC meeting minutes. First-quarter earnings reports from US banks are now in focus.
Updates to the U.S. Consumer Price Index (CPI) may spur a bullish reaction in the dollar as the headline reading is projected to increase to 1.8% from 1.5% in February.
The anti-risk Japanese Yen and US Dollar may rise as a dovish tone in the ECB policy announcement and March Fed meeting minutes undermine market sentiment.
Crude oil prices may fall ECB and FOMC rhetoric highlights policymakers worries about slowing global growth, souring market-wide risk appetite.
The S&P 500 tech sector has pressed to new heights. Meanwhile, trading volume for the index reached a 5-month low ahead of tomorrows central bank double-header.
Gold prices have had a generally strong year of 2019, with a big zone of support holding up three different inflections already. But can bulls maintain control?
The minutes from the March Fed meeting are due on Wednesday, April 10 at 18:00 GMT.
The March US Consumer Price Index is due on Wednesday, April 10 at 12:30 GMT.
Gold pares the decline from earlier this week following the U.S. NFP report, with the price for bullion marking another failed attempt to test the 2019-low ($1277).
Another below-forecast NFP print may spark a short-term rebound in EUR/USD as it puts pressure on the Federal Reserve to reverse the four rate-hikes from 2018.
EUR/USD fails to test the 2019-low (1.1176) following the U.S. Durable Goods Orders report, with the exchange rate still tracking the range from the previous month.
Markets are expecting the weak February print of 20K to be a one-off; consensus calls for 170K.
Gold may stage a larger rebound over the coming days as the price of bullion snaps the series of lower highs & lows from the previous week.
Developments coming out of the U.S. may continue to impact the near-term outlook for USD/JPY amid the inversion in the Treasury yield curve.
An inverted yield curve, record buybacks and a buyback-blackout period look to cast a shadow over the S&P 500 and other US equity markets.