The mood music is looking more tentative in the new day as broader markets are not building on the risk rebound from yesterday, at least not yet. Trump tariffs continue to be a key focus ahead of the 2 April deadline and once again, he showed some willingness to water down his hard-hitting rhetoric as seen here. US stocks posted strong gains yesterday but futures are more muted thus far in the day. That's not leaving major currencies with much to work with as dollar pairs are little changed.
The good news for dip buyers is that they are at least seen making a bit of a stand for the first time in over a month. Any further optimism on the tariffs front will only help to fuel the rebound. But at the same time, investors still have to be wary of Trump wanting to talk up a big game on tariffs right before they are realised next week.
Looking to European trading today, it'll likely be a quiet one and we have to settle into a bit of a lull before US trading kicks in. There's not much on the economic calendar besides the German Ifo business climate index.
As a reminder though, we have the UK spring budget due tomorrow and also month-end/quarter-end considerations in the next few days. So, those will be some things to look out for as we navigate through the week as well.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about a more tentative mood ahead of european trading today was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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