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 Zealand Dollar rallied to a 3 week session high.
By London Session, the Dollar rebounded against all major currencies and by Wall Street Session, the Pound further retreated despite MPs voting to approve the UK’s General Election. Oil prices slipped as Inventories fell by 1 million barrels in the week ending April 15.
US Beige Book released yesterday, showed modest activity increase. The New Zealand CPI also came in strong enough and Japan’s Trade Balance showed surplus. Today, Investors are focused on the German PPI (MoM) (Mar) (2:00 AM ET) and the US Philadelphia Fed Manufacturing Index (Apr) (8:30 AM ET). Bank of England’s Carney will also take to the mic from 11:30 AM ET.