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FX Week Ahead: US GDP, ECB & BoJ Meetings
With the French elections results from the first round in the background, the European central bank’s monetary policy meeting this week is expected to remain a non-event as interest rates and QE is expected to remain unchanged.
AUD & NZD Technical Outlook
After five years running below, inflation in New Zealand has finally returned to the bank’s 2% target.
Weekly Commodities Wrap: Iron Down 30% Since March 5th
Copper prices fell lower again this week as continued risk aversion, in response to rising geopolitical tensions, continues to weigh on commodity prices.
S&P 500, FTSE 100, And Nikkei 225 Declining Due To Geopolitical Tension
Most global equities continued to retrace to the downside. The retracement comes right before earnings season. However, geopolitical tension played the biggest role in the move.
Sterling Surges On Early Election Announcement
Sterling has so far reacted extremely positively to the news seeing a sharp surge higher. The initial response is likely in support of the view that the decision reflects a show of strength by May who will go on to win the election.
One Week Until First Round Of French Elections
With the first round of the French elections rapidly approaching (April 23rd), voters’ sentiment appears to have settled around roughly 25% each for both centrist candidate Macron and Far-Right candidate Le Pen with Francois Fillon holding behind.
China’s GDP Growth Gets Off On A Sound Footing In The First Quarter
China’s economy advanced in the first three months of this year, marking a second consecutive quarterly GDP expansion led by a pickup in investment, a rebound in retail sales, and government spending.
Two Way Risks For TRY As Referendum Approaches
While focus over the last year has mainly been on political events happening in Europe and America, there are important political events happening elsewhere that also require investor attention.
Czech Central Bank Drops EUR/CZK Peg
Last week, the Czech central bank announced that it was dropping the peg for the Czech koruna and the euro.
Trading The BOC: Two Pairs To Watch
The Bank of Canada meets today for its April Monetary Policy review and is widely expected to keep rates on hold. Looking at recent data shows a mixed picture for the Canadian economy with continued positive momentum in job creation and retail sales.
Eurozone Economic Outlook Is Neutral, ECB Meeting Minutes Show
European central bank officials aired their difference of opinion on the strength of the recovery in the Eurozone economy with some suggesting that the central bank must start to rein in the bank’s balance sheet.
FX COT Update: GBP Shorts Continue To Unwind
Non-Commercials reduced their net short positions in Sterling last week buying 4.5k contracts to take the total position to – 100k contracts. Momentum has stalled in GBP as traders await the first official details regarding the Brexit negotiations.
March Nonfarm Payrolls Mixed As Hiring Slows
The latest figures from the US Bureau of labor statistics showed that the pace of employer hiring slowed down sharply in the month of March.
Gold Technical Analysis: Bullish Outlook Remains
In the wake of the US Jobs Report on Friday, safe haven assets showed a notable spike right after the NFP announcement. Both Gold and Silver spiked this year’s highs. However, they both retreated at the end of the session, forming what could be a
FX Week Ahead: Inflation, UK Jobs In Focus
The second week of April will see the inflation theme taking over the markets with data expected from the U.S., China, and the UK. Inflation in the U.S. and the UK is expected to rise at a slower pace.
Weekly Commodities Wrap: Aluminium Longs At Record Highs
Aluminium prices continued higher this week. The latest positioning data shows that money managers increased their bullish exposure to fresh 2017 highs. With price continuing higher, trend following managers are likely to increase their exposure.
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