Asian share markets faltered as trade tensions overshadowed a bounce on Wall Street and left investors reluctant to take positions in anything. Yet trade worries were never far away. Trump administration announced 25 percent tariffs on $50 billion of annual imports from China, covering around 1,300 industrial technology, transport and medical products. China’s commerce ministry immediately warned it was preparing countermeasures of equal intensity, which could be announced as early as Wednesday.
The dollar steadied at 106.53 yen, after edging up from a low of 105.70. The euro hovered at 1.2279, after easing from a top of 1.2335 overnight, while the dollar index was a fraction lower at 90.089.
In Commodities In commodity markets, gold had steadied around $1,332.90 an ounce, having lost 0.6 percent overnight. Oil prices slipped with Brent crude futures off 13 cents to 67.99 a barrel, while U.S. crude fell 11 cents to 63.40 a barrel.
Forex market economic calendar is relatively Important, related to the economies of Eurozone, US, Japan, UK and Australia can move the forex market today, as liquidity is returning to the normal levels after the Easter Holiday. Moderate to high volatility is expected for the Euro as there is the release of the Inflation and Unemployment Rate in the Eurozone. Us session include the news related to ADP Employment Change, Markit Composite PMI Final, Markit Services PMI Final.