Market Talk – April 17th, 2016

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    It really should be no surprise to people that we saw some retracement after a 3.3% rally in a day. That is exactly what we saw today in the Nikkei after yesterdays euphoria. Most dealers were hoping China’s GDP release was going to provide the end of week support for the markets but that failed to materialize. Mixed data and some profit taking resulted in a fairly quiet day eventually closing with little change. PBOC set the Yuan at 6.4908 with dealers taking it a little further to 6.4835 at

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