The equity markets across the globe took a dive yesterday, ending their trading sessions well in the red. Johnson & Johnson vaccine concerns are in focus. New Zealand and UK delivered their inflation numbers. Canada’s turn now to deliver CPI data and the Bank of Canada will announce its interest rate decision.

New Zealand CPIs

During the early hours of the Asian morning, we received the New Zealand inflation numbers for Q1 on a QoQ and YoY basis. All numbers managed to beat their initial expectations, where the QoQ came out at +0.8%, against the forecasted +0.7%. And the YoY…


Nach der geldpolitischen Entscheidung der RBNZ in der vergangenen Woche wird diese Woche die Fackel der Zentralbank an die BoC und die EZB übergeben. Die Marktteilnehmer sind gespannt, ob diese Banken tatsächlich erwägen, ihre QE-Käufe zurückzufahren, wobei eine Senkung bereits bei dieser Versammlung als nicht unrealistisch gilt. Wir erhalten auch eine Reihe von britischen Daten, darunter Inflation, Einzelhandelsumsätze und PMIs sowie Neuseelands CPIs für das erste Quartal.

Montag ist ein relativ ruhiger Tag. Die einzigen erwähnenswerten Veröffentlichungen sind Japans Handelsbilanz für März und Kanadas Wohnungsbauzahlen, welche später am Tag veröffentlicht werden sollen. Sowohl Japans Exporte als auch Importe fielen besser…


Most major EU and US indices closed in negative waters on Monday, perhaps as investors remained cautious due to earnings results by major firms. As for tonight, currency traders may pay attention to New Zealand’s CPIs, while tomorrow, during the early EU morning, we get inflation data from the UK as well.

Equities Slide as Investors Stay Cautious Due to Earnings

The US dollar traded lower against all the other G10 currencies on Monday and during the Asian session Tuesday. It lost the most ground against NOK, GBP, SEK, and NZD, in that order, while it lost the least ground against CAD.

The weakening of the greenback and the…


À la suite de la décision de politique monétaire de la RBNZ de la semaine dernière, cette semaine, le flambeau sera passé à la BdC et à la BCE, les acteurs du marché désireux de savoir si ces banques envisagent effectivement de réduire leurs achats d’assouplissement quantitatif, le premier étant possible procéder à une réduction dès ce rassemblement. Nous obtenons également plusieurs données britanniques, incluant l’inflation, les ventes au détail et les PMI, ainsi que les IPC de la Nouvelle-Zélande pour le premier trimestre.

Lundi est une journée relativement calme, la seule publication qui mérite d’être mentionnée étant la balance…


Após a decisão de política monetária do RBNZ da semana passada, esta semana, a tocha do banco central será passada para o BoC e o BCE, com os participantes do mercado ansiosos para descobrir se esses bancos estão realmente considerando reduzir suas compras de QE, com o primeiro possível para prosseguir com uma redução já neste encontro. Também obtemos um monte de dados do Reino Unido, incluindo inflação, vendas no varejo e PMIs, bem como CPIs da Nova Zelândia para o primeiro trimestre.

A segunda-feira é um dia relativamente calmo, com os únicos lançamentos que valem a pena mencionar são…


Tras la decisión de política monetaria del RBNZ de la semana pasada, esta semana, la antorcha del banco central se pasará al BoC y al BCE, y los participantes del mercado estarán ansiosos por averiguar si estos bancos están considerando realmente reducir sus compras de QE, y es posible que el primero continúe. con una reducción ya en esta reunión. También obtenemos una gran cantidad de datos del Reino Unido, incluida la inflación, las ventas minoristas y los PMI, así como los IPC de Nueva Zelanda para el primer trimestre.

El lunes es un día relativamente tranquilo, y las únicas…


Following last week’s RBNZ monetary policy decision, this week, the central bank torch will be passed to the BoC and the ECB, with market participants eager to find out whether these Banks are indeed considering scaling back their QE purchases, with the former possible to proceed with a reduction as early as at this gathering. We also get a bunch of UK data, including inflation, retail sales and PMIs, as well as New Zealand’s CPIs for Q1.

Monday is a relatively quiet day, with the only releases worth mentioning being Japan’s trade balance for March, which is already out, and…


Most major EU and US indices closed in the green yesterday, with Wall Street hitting fresh record highs after both the US retail sales for March and initial jobless claims beat market estimates. This suggests that investors give the Fed the benefit of the doubt that any spikes in inflation this year are likely to prove to be temporary and extra-loose monetary policy will stay in place for the years to come.

RETAIL SALES AND JOBLESS CLAIMS SUPPORT INVESTOR MORALE

The US dollar continued trading lower against the majority of the other G10 currencies. …


The US dollar continued to slide against most of its major counterparts, but although EU shares were mostly in the green, the US and Asian indices traded mixed. Today, market participants may focus on the US retail sales for March for more signs as to whether the world’s largest economy continues to recovery from the coronavirus pandemic at a fast pace.

THE DOLLAR STAYS ON THE BACK FOOT AHEAD OF RETAIL SALES

The US dollar traded lower against the majority of the other G10 currencies on Wednesday and during the Asian session Thursday. It underperformed the most versus NZD, NOK, and AUD, while it eked out some gains only against CHF…


Most major EU and US indices gained yesterday, while the US dollar fell against all the other G10 currencies, despite US inflation surging to +2.6% yoy. It seems that market participants eventually trusted the Fed that any spikes in inflation this year are likely to prove to be temporary. Overnight, we also had an RBNZ decision, with the Bank standing pat and the Kiwi barely reacting as the outcome may have been the one mostly expected.

US INFLATION ACCELERATES BUT USD FALLS, NZD UNPHASED BY THE RBNZ

The US dollar traded lower against all the other G10 currencies on Tuesday and during the Asian session Wednesday. …

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