Forex Today: Market action remains subdued on Easter Monday

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Forex Today: Market action remains subdued on Easter Monday – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies

Following last Friday's quite trading, markets stay calm to start the week with most markets remaining closed on Easter Monday. In the second half of the day, US stock and bond markets will open at the usual time. February Wholesale Inventories will be the only data featured in theand NY Fed President John Williams will be delivering a speech in the American trading hours.

Following the jobs report report, the benchmark 10-year US Treasury bond yield gained nearly 3% in the shortened session and snapped a seven-day losing streak. In turn, the US Dollar Index registered modest daily gains. Early Monday, the DXY holds comfortably above 102.00 but the 10-year US yield stays in negative territory at around 3.35%. Meanwhile, US stock index futures trade mixed before Wall Street comes back from a long weekend.trades within a very tight range at around 1.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

 

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