France seems to favor Le Pen and Macron from the Far-Right, and Fillon and Melenchon for the Conservatives and Far-Left respectively. As investors looked to EuroZone’s trade Balance Data Tokyo Session Wednesday, the Euro eased after hitting a session high on Tuesday. USDJPY consolidated, Sterling edged down and so did the Australian Dollar. The New…
Prevailing geopolitical uncertainties weighed on market sentiments Tuesday. As Investors looked forward to the US Housing Starts, Building Permits and Industrial Production during the Tokyo Session, the Euro strengthened against the Dollar while the Yen weakened. Sterling edged higher and the Australian Dollar nose dived. The New Zealand having hit a 2 week high Monday,…
China warned that a war on the Korean Peninsula would have devastating consequences after the US threatened military retaliation against North Korea if it proceeds with a nuclear test this weekend. That’s how we ended last week. The Yen steamrolled last week featuring 7 pairs in the top forex movers of the week. The Dollar took…
Tokyo Session Monday saw the Euro advance sharply as Macron; the market-friendly candidate won the first round of French elections. Investors hope for a Macron occupation of the Elysses. Safe-haven Yen edged lower across board, likewise Gold and the commodity currency XAUUSD. Bank of Japan (BOJ) Outlook Report and Monetary Policy decisions on early Thursday,…
Trading The US Producer Price Index (PPI) (MoM) (Mar.) The US PPI Data Month-on-Month for March, is due 8:30 AM ET Thursday. The Producer Price Index (PPI) is a major market catalyst. It measures the change in the Price of Goods Sold by Manufacturers. It is a leading indicator of Consumer Price Inflation, which accounts for the…
The new week marked the start of the new business year for Asian Markets, and the market moved to quickly bounce back from its decline over the latter half of the previous week. Investors showed interest as stocks linked to domestic demand gained to ensure the market started brightly. Later, the Yen strengthened against the…
ECB Speeches Drop The Euro The big data event of the week is tomorrow’s US Nonfarm Payrolls (Mar), Canada’s Employment Change (Mar) and Manufacturing Production (MoM) (Feb). Expectations from Analysts is for 180,000 US jobs to have been added in March. European Central Bank President Mario Draghi and the ECB’s Chief Economist Peter Praet gave speeches earlier…
