FXTM Forex Market Update | 03/04/2018

Global equity markets were a sea of red amid the escalating trade tensions with the U.S and China. Sterling received a boost after manufacturing data exceeded market expectations. Gold edged lower thanks to profit taking while Euro dipped below 1.2300. With the economic calendar relatively light today, markets could be driven by U.S-China trade developments and price action.

-#EURUSD remains in a wide range with support at 1.2200 and resistance at 1,2440
-#GBPUSD remains supported above 1.4000
-#Gold could benefit from market uncertainty

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