There aren’t any major expiries to take note of on the day, with the full list seen below.
As things stand, markets are continuing to feel more optimistic about the US-Iran situation. And with lower oil prices (at least on paper), that is helping to spread some relief across other asset classes. In particular, US equities are driving up with tech shares continuing to rebound strongly in the past two weeks. The S&P 500 and Nasdaq posted closed at fresh record highs in trading yesterday.
In FX, that is leading to a weaker dollar and traders sense a better outlook on things to come. But whether or not that optimism is misplaced, is a topic for another conversation. Considering the overall risk mood for now though, the dollar is on the backfoot and that will look to hold in the session ahead barring any major headline surprises.
USD/JPY remains one that is of interest with Tokyo officials stepping up their verbal intervention in the past day. That so as to try and put down traders just in case the market sentiment turns on any fallout from US-Iran tensions. The pair is keeping at 158.80 on the day now, down 0.1% and keeping little changed.
Amid a lack of meaningful impact from the expiries, it’s all on headline risks once again. For now, all eyes will be on whether Pakistan can convince Iran to come back to the negotiating table and if there will be more talks in the coming days. Besides that, we’ll have to see if the ceasefire will also be extended. The current agreement is that it will hold until 22 April before lapsing.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at investinglive.com.
