So this time last month, the feeling was that we were on a slippery slope to Armageddon. Four weeks later, although we are not on the stairway to heaven, we at least on the motorway of moderation. That was certainly the feeling from the Fed’s Beige Book yesterday, which essentially takes the pulse of the US economy from the various regional Federal Reserve banks. In FX, the Aussie has made new highs for the year, whilst USDJPY is eying the next resistance at 114.87, the next key level after that being 116.34 (50% retracement of Feb down-move). The other stand-out move of this week has been with sterling, where we are seeing a recovery from the weakness seen last week as the Brexit vote was in the frame. Some reversal was likely given the extent of the weakness seen recently, but the wider picture still sees sterling on shaky ground as the poll looms and the current account deficit means that international investors are still required to cover the short-fall in savings in the UK economy. For today, we have more PMI data for both the Eurozone (services, final), UK (services, first release) and also for the US. These will give a further read on the momentum within the various economy. What markets are looking for is whether the data is going to vindicate or undermine the more nervous tone that has been seen in financial markets so far this year. But for this, we will likely have to wait for tomorrow’s employment report in the US, where the unemployment rate is seen steady at 4.9%, with headline payrolls expected to rise 195k (from 151k previously). For FX, we’ve seen a lot of the near-term anticipated rate moves priced out, which makes determining direction for currencies that much harder. This makes it harder for the longer-term investors/traders. Further reading: USD Comeback – 3 Reasons – Credit Agricole UK services PMI falls to 52.7 – GBP follows FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next Crude oil trapped in a triangle Gregor Horvat 7 years So this time last month, the feeling was that we were on a slippery slope to Armageddon. Four weeks later, although we are not on the stairway to heaven, we at least on the motorway of moderation. That was certainly the feeling from the Fed's Beige Book yesterday, which essentially takes the pulse of the US economy from the various regional Federal Reserve banks. In FX, the Aussie has made new highs for the year, whilst USDJPY is eying the next resistance at 114.87, the next key level after that being 116.34 (50% retracement of Feb down-move). The other stand-out… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.