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Forex market reviews

23 April 2019

Market sessions

## anthony

Matthew Anthony

EURUSD: with the Easter holidays over, expect a test of 1.1230

On Monday the 22nd of April, trading on the euro closed slightly up. An upwards correction restored the pair to 1.1262. As the Easter holidays continued, currency markets got a boost from developments in the oil market. Brent oil rose by 3.5% to 74.50 USD per barrel. This surge was caused by reports that Washington is set to stop providing exemptions from Iranian oil sanctions. This news also pushed the Canadian dollar up, bringing a few other currencies with it.

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22 April 2019

Market sessions

## anthony

Matthew Anthony

EURUSD: the Easter holidays continue

Most of the majors closed last week down against USD. The Swiss franc fell by 1.15%, the Kiwi dollar by 1.12%, the pound by 0.55%, the euro by 0.49%, the Canadian dollar by 0.49%, and the Aussie dollar by 0.30%. Only the Japanese yen gained ground against the dollar with a rise of 0.08%. Over the course of Good Friday, the euro dropped to 1.1226 before recovering to 1.1248.

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