Markets are expected to be quiet until the middle of next week

The dollar is a tiny bit softer against the euro and the other key currencies. As mentioned before, the market is in Easter holiday mode as traders are off for the holiday until Tuesday next week.

The same concerns we have heard before are still with us – Greece defaulting on its obligations, the mess in Eastern Ukraine getting worse and a surprise economic figure out of the Euro zone and the US – These worries, however, seem to be less urgent than they have been in the recent past.

Tomorrow we might get a little movement in the markets after the US announces its employment numbers for March. Expectations are that the unemployment number is unchanged at 5.5% and earnings are unchanged as well.

Stay long dollars vs the euro and square against all others.