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Forex Flash: Uridashi market momentum remained weak in March - Nomura

FXstreet.com (Barcelona) - Nomura strategist Yujiro Goto notes Uridashi market momentum remained weak in March, despite issuance accelerating.

He comments that Uridashi issuance totalled JPY127bn (USD1.4bn), accelerating from the previous month (JPY92bn). He writes, “This is the biggest monthly new issuance since last November. While issuance accelerated, redemption in March is estimated to have accelerated more than issuance. As a result, net flow turned into net redemption in March, for the first time in five months.”

Forex: AUD/USD extends advance in its way to test the 1.0500

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American equity markets trading unevenly after lackluster US ADP

The US Stock experienced a cautious opening Wednesday, after lackluster data across the US and a USD index in slight retreat. In the United States, ADP Employment change came in at 58K in March, against expectations calling for 200K, and compared with 237K previously.
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