During today’s early trading session, Asian stocks traded higher over concerns that the Fed may wait longer before increasing the interest rate. Investors looked to the stock markets after weak Nonfarm Payrolls backed earlier comments made by Chair Janet Yellen that a future rate hike will be based on an improving labour market. The Nikkei share average was up by 1.25%, closing at 19,640, Its highest level in nearly 2 weeks. Following strong data from Australia, the AUD/USD rallied after the Retail sales for the month of February showed a higher than expected reading of 0.7%. The pair reached 0.771 during early trade, its highest level this month.

During the European session the Euro plunged against a basket of major currencies as the deadline over Greece nears, if the nation does not reach an agreement with its creditors by the end of April then the country could go into default. The Euro continued to drop after negative data from the Eurozone showed weaker than expected figures for both the Marki Composite PMI and Services PMI. Furthermore, the British pound strengthened against the weaker Euro following positive data from the UK. The Services Purchasing Managers Index showed a higher reading of 58.9, above the expected figure of 57 indicating expansion in the services sector.

Oil continues to move close to yesterday’s high following a 6% surge in price. USOil is currently trading above $51/barrel as Saudi Arabia pushed up the price over increased demand from Asia. Furthermore, market spectators looked ahead to U.S. inventories reports, it is expected that production will reach its peak during the month of April.

Traders are now awaiting the Bank of Japan press conference tomorrow at 7:30 GMT and the FOMC Meeting Minutes taking place at 19:00 GMT. Officials speaking at these events could provide clues on future monetary policies.

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During today’s early trading session, Asian stocks traded slightly lower but with little volatility as markets in China, Australia, New Zealand, Europe and the UK closed for the Easter holiday. Market spectators also remain cautious over the indefinite deal on Iran’s nuclear program.

On Friday the Euro jumped against the Dollar following the release of U.S. jobs data. The release of the Nonfarm Payrolls showed a significantly lower than expected figure, which was forecast at 245,000. During the month of March 126,000 more people were employed, this negative data added to concerns that the Fed will delay an interest rate increase. Earlier comments made by Fed Chair Janet Yellen indicated that a future rate hike will be based on an improving labour market. The EUR/USD is trading close to Fridays high but with little movement due to market closure, the pair is currently testing support at 1.095 and resistance at 1.102. The Dollar could weaken over the mid-term as negative sentiment weighs over future monetary policy decisions.

Traders are now awaiting the release of the U.S. ISM Non-Manufacturing PMI and the Canadian Ivey PMI taking place later today, however, we expect to see higher reaction and trading volumes when markets reopen tomorrow.

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During today’s early trading session, Asian stocks traded traded higher following data from Japan’s Central Bank showing that it bought 35.2 billion Yen in exchange traded funds. This report boosted hopes for future bonds and stocks buying, pushing investors towards the stock market.

During the European session the GBP dropped against the Dollar following negative data. The Euro is currently rallying against the Dollar and is up by 1% as traders looked back on comments made by ECB policy makers in their March meeting. Despite officials agreeing not to reduce quantitative easing measures, they pointed out that the economy is improving. Traders are now speculating less bond buying in the near future.

Traders are now awaiting the release of the Nonfarm Payrolls on Friday, analysts expect the number of people employed during the previous month would have risen by 240,000. The market tends to react with high volatility in accordance to the actual figure released. Higher than expected could push the Dollar up in the short term.

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During today’s early trading session, Asian stocks continued to trade lower as Japanese shareholders took profits towards the end of the first quarter. Following the release of mixed Japanese data the Dollar dropped against the Yen and bounced off a key support level of 119.4.

The price of Gold rallied and is now testing resistance $1,197/ounce as market spectators react to positive data out of China. The Manufacturing PMI and HSBC Manufacturing both showed slightly better readings than expected, furthermore, negative U.S. data released today continued to support the precious metal. The ADP Nonfarm Employment Change was significantly lower than the expected 225,000 with a reading of 189,000. Negative data in the U.S. labor market could delay an interest rate hike in the states.

Traders are now awaiting the release of the Nonfarm Payrolls on Friday, analysts expect the number of people employed during the previous month would have risen by 240,000. The market tends to react with high volatility in accordance to the actual figure released. Higher than expected could push the Dollar up in the short term.

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During today’s early trading session, Asian stocks traded lower as Japanese shareholders took profits on the last day of the first quarter. The Nikkei share average was down 1.05%, closing at 19,206 points. Following the release of negative data out of New Zealand, the NZD/USD dropped early this morning to its lowest level since March 20th, Building Consents for the month of February dropped significantly by 6.3%, analysts had expected a rise of 2%. This negative data added to concerns that the Reserve Bank of New Zealand is to lower interest rates mid-2015, which could continue to weigh on the NZD over the long term.

During the European session the Euro dropped to 1.071 despite positive data from Germany showing that the country’s unemployment rate dropped to a record low. The Euro declined following the failed agreement between Greece and its creditors, the nation will run out of cash unless an agreement is reached over an extended bailout plan by the end of this month. Tomorrow, Germany is to release the Manufacturing PMI for the month of March, if the actual figure is lower than the expected figure of 52.4 this could cause the Euro to drop further in the short term.

During early U.S. trade, American stocks continue to rally as investors digest Janet Yellen’s comments on rising interest rates, she stated on Friday that a hike in rates is expected later this year but will do so gradually if there is continued improvement in the economy. Nasdaq Composite is up 1.15%, S&P 500 is up 1.22% and Dow Jones rallied 1.49%. Currency traders are now awaiting the U.S. CB Consumer Confidence taking place at 15:00 GMT. A negative reading could push down the Dollar in the short term.

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During today’s early trading session, Asian stocks traded lower as investors took profits before the first quarter ends. Following the release of mixed Japanese data the Yen strengthened against a basket of major currencies. The yearly and monthly household spending showed better than expected figure, however, the National Core CPI and Retail Sales came out negative.

During today’s early U.S. trading session, negative data weakened the Dollar against the Euro, however, losses were limited as more economic reports showed that the Michigan consumer expectations and sentiment beat analysts’ expectations.

Later today Fed Chair Yellen will be speaking, currency traders will listen closely for any clues on future monetary policy. It is likely that we will see the reaction to her comments when markets open again after the weekend.

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