Don't Remember It's A Holiday, Traders Don't Need To Know About The Market & NFP!

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 Markets moved slowly for two consecutive sessions on Friday amid the close of global shaam and bond markets in conjunction with the Good Friday holiday.


Nevertheless, the main focus of investors remains focused on the US NFP employment report which will be published in the next New York session.


The US economy is expected to add 228,000 jobs in March, down slightly from the 311,000 posted the previous month.


Meanwhile, the unemployment rate is predicted to remain unchanged at 3.6% as recorded the previous month.


Also important for investors is the reading of US average income data as a key indicator of consumer inflation.



Currency trading remained light in the European session, with the dollar index trading little changed at 101.95 against a basket of major currencies.


The euro and pound were flat with prices hovering around the same price as investors avoided entering positions ahead of the NFP data.


The Aussie and New Zealand dollars recorded slight gains, respectively trading at around 0.6679 and 0.6261 against the US dollar at the start of the European session.


In the New York session, the Wall Street market will be closed and bonds will be open for half the day.


Despite the holiday, investors still expect the NFP data to have an impact on the currency market, albeit somewhat limited.

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