Market Talk – Tuesday, April 27

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00283 or -0.36% to 0.77703
  • NZDUSD decreased 0.00201 or -0.28% to 0.72113
  • USDJPY increased 0.46 or 0.43% to 108.64
  • USDCNY increased 0.00326 or 0.05% to 6.47866

Precious Metals:

  • Gold decreased 1.49 USD/t oz. or -0.08% to 1,778.70
  • Silver increased 0.15 USD/t. oz or 0.58% to 26.362

Some economic news from last night:


Chinese Industrial profit (YoY) (Mar) increased from 20.10% to 92.30%

Chinese Industrial profit YTD (Mar) decreased from 178.9% to 137.3%


BoJ Interest Rate Decision remain the same at -0.10%

South Korea:

GDP (QoQ) (Q1) increased from 1.2% to 1.6%

GDP (YoY) (Q1) increased from -1.2% to 1.8%

Some economic news from today:


BoJ Core CPI (YoY) increased from -0.2% to 0.0%

Hong Kong:

Trade Balance decreased from -14.7B to -27.0B

Exports (MoM) (Mar) decreased from 30.4% to 26.4%

Imports (MoM) (Mar) increased from 17.6% to 21.7%


European Commission President Ursula von der Leyen said that the European Union “will not hesitate” to take action against the UK under the terms of the post-Brexit trade deal. MEPs on Tuesday night voted on whether to approve the EU-UK post-Brexit trade deal, with a result to be announced on Wednesday morning. The deal has provisionally been in force since the end of the transition period on January 1, but – without yet having received an approving vote by the European Parliament – is still to be fully ratified.

France and Germany together laid out plans for billions in spending from the European Union’s pandemic recovery fund aimed at fighting climate change and boosting the use of digital technology across the economy. The finance ministers of the EU’s two biggest economies on Tuesday underlined their joint determination to use the spending to transform Europe’s economy and get the continent growing again as it lags behind the U.S. and China in rebounding from the pandemic recession. French Finance Minister Bruno Le Maire urged the European Commission, the EU’s executive branch, to quickly evaluate the plans so that money can start flowing to member states from the 750-billion-euro ($906 billion) fund as early as July. They said the new spending, funded by shared debt, would avoid mistakes made in the wake of the 2008-2009 global financial crisis and recession when countries focused excessively on cutting spending and closing deficits.

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