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31FX Blog

Forex Tuesday: Oil Wipeout, Gold Trades Below, Kiwi Crumbles and more

31FX – We have a busy EUR macro calendar on Tuesday, kicking-off with the UK labor market report at 0600 GMT. The main focus will be on the March Claimant Count numbers, which are expected to jump by 172.5k.

The Swiss Trade Balance report will be published. Later on, at 0900 GMT, the critical German and Eurozone ZEW Business sentiment survey will be published. The EUR is unlikely to find any support from the ZEW survey.

The Canadian Retail Sales and US Existing Home Sales data will keep the traders busy while New Zealand’s (NZ) GDT Price Index and API Weekly Crude Oil Stock data will be also closely eyed.

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