Forex Market Outlook 3/4/2019

Forex RegulationsEURUSD has traded sideways in the last session the ADX settles in the negative area.

Crude oil has plunged 2.6% in the last session the ATR remains in the overbought area.

Bitcoin has edged down 0.2% in the last session the stochastic RSI is currently overbought.

Gold has plunged 1.5% in the last session the ATR jumps into the overbought area.

 

 

US Construction Spending will be released at 15:00 GMT.

Australian TD Securities inflation at 0:00 GMT.

Australian Building Permits at 0:30 GMT.

Eurozone’s Producer Price Index at 10:00 GMT.

US Three-month Treasury Bill Auction at 16:30 GMT and the US six-month Treasury bill auction at 16:30 GMT.

 

S&P 500 and Dow snapped three day losing streaks amid optimism regarding the prospects for a US-China Trade agreement.

Sterling continues downwards falling 0.4% in the last session despite the Brexit sentiment growing more hopeful.

Canadian dollar lost almost 1% in the last session as Canada’s GDP for December produced soft numbers.