I've been so caught up with my work that i've not been able to follow the markets properly this week. Seems like i may have missed some movements, what a bummer!!
So let me update all of you and myself with what's been happening with the markets.
looks like risk sentiment has been improving following US labor market data. ADP employment report showed +201k for march which is in line with expectations and quite supportive for this Friday payroll release. USD looks weaker though today on month end selling as well as because of Bullard stating he's the minority to think of cutting short QE2.
On the Eurozone front, looks like from portugal now we have stress test results coming in tonight on Ireland. Reuter's survey showed showed expectations that about EUR 25bn of the EUR 35bn set aside for banks under the EU/IMF plan will be required following the release of the test results today. Just in we saw a much improved German jobless rate.
Sterling seems to be following the Eurozone lead and was supported by the selling of EURGBP on speculation of a large M&A deal.
Aussie retail sales came in higher at +0.5% with building approvals coming in lower at -7.4%. Aussie seems to be supported due to the demand in AUDJPY.
We do have quite a bit of data tonite so keep a watch on that.
Data Today
Euro-zone CPI US US Chicago
So let me update all of you and myself with what's been happening with the markets.
looks like risk sentiment has been improving following US labor market data. ADP employment report showed +201k for march which is in line with expectations and quite supportive for this Friday payroll release. USD looks weaker though today on month end selling as well as because of Bullard stating he's the minority to think of cutting short QE2.
On the Eurozone front, looks like from portugal now we have stress test results coming in tonight on Ireland. Reuter's survey showed showed expectations that about EUR 25bn of the EUR 35bn set aside for banks under the EU/IMF plan will be required following the release of the test results today. Just in we saw a much improved German jobless rate.
Sterling seems to be following the Eurozone lead and was supported by the selling of EURGBP on speculation of a large M&A deal.
Aussie retail sales came in higher at +0.5% with building approvals coming in lower at -7.4%. Aussie seems to be supported due to the demand in AUDJPY.
We do have quite a bit of data tonite so keep a watch on that.
Data Today
UK Nationwide House prices - 6am GMT
German Unemployment
Rate - 6am GMT
US Factory
Orders - 2pm GMT
Happy Trading!
FxTaurian
No comments:
Post a Comment