“…Increased Infrastructure spending won’t do the trick when it comes to stimulating US Economic Growth….” – Neel Kashkari’s comments yesterday. The Markets and Investors seem to have shrugged off his comments, as dovish as they sounded. Investors instead, seem to be focused on ECB Meeting Thursday, and the EuroZone’s QE Program. As US Labor Markets also continue to strengthen, with moderate-to-strong Wage Gains, there still is, a lot of liquidity in the market and Analysts are in high anticipation of possible 15% Tax Cut, if Trump holds up.
Dollar is on focus ahead of the Trump Tax Reform and the Yen has weakened. Oil prices edged up Monday while Gold slipped during the Tokyo Session Tuesday, due to geopolitical developments in the Korean Peninsula.
Market Catalysts to watch today: US CB Consumer Confidence (Apr) (10:00 AM ET), US New Home Sales (Mar) (10:00 AM ET), Australia CPI (QoQ) (Q1) (9:30 PM ET).