Yesterday during the Asian session we had negative data from AUD for private capital expenditure q/q, this alone with the already negative sentiment of AUD had been a bearish force for AUD.
The Chinese manufacturing PMI was positive which sent some support for AUD & NZD.
Then in London session, met PMI datas from European countries were in line including the UK data which was slightly negative but still in line.
In NY session, USD PMI was also in line while job data was slightly negative.
As mentioned, none of the datas today were tier one datas.
The market is still largely sentiment driven, the OPEC agreement continued to give positive sentiment for oil market with WTI closing above $50 today and helped to support CAD.
Another major news is UK Brexit minister says would consider paying into EU for market access, this had further ease the worrisome for hard brexit and gave GBP very good sentiment.
Sources from ECB also commented the extension of bond buying program beyond March but the program will eventually end - however, the official decision is next week.
Equity markets were all red today with USD continued to lose strength.
Tomorrow is NFP so expected market to be quiet from now until NY session.
Yesterday during the Asian session we had negative data from AUD for private capital expenditure q/q, this alone with the already negative sentiment of AUD had been a bearish force for AUD.
The Chinese manufacturing PMI was positive which sent some support for AUD & NZD.
Then in London session, met PMI datas from European countries were in line including the UK data which was slightly negative but still in line.
In NY session, USD PMI was also in line while job data was slightly negative.
As mentioned, none of the datas today were tier one datas.
The market is still largely sentiment driven, the OPEC agreement continued to give positive sentiment for oil market with WTI closing above $50 today and helped to support CAD.
Another major news is UK Brexit minister says would consider paying into EU for market access, this had further ease the worrisome for hard brexit and gave GBP very good sentiment.
Sources from ECB also commented the extension of bond buying program beyond March but the program will eventually end - however, the official decision is next week.
Equity markets were all red today with USD continued to lose strength.
Tomorrow is NFP so expected market to be quiet from now until NY session.