Action Insight
Sterling Might Overtake Euro Strength as Traders Look into UK GDP, US GDP also Featured
The financial markets are rather steady as the week is heading for close. Euro remains the strongest major currency for the week even though it's losing some upside momentum. In particular, there is s...
ECB More Confident on Growth, but Inflation Remains an Overhang
ECB left the monetary policy and the QE program unchanged in April. That is, the main refi rate, marginal lending rate and the depo rate stayed unchanged at 0%, 0.25% and -0.40%, respectively. Meanwhi...
Trade Ideas
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Trade Idea Wrap-up: GBP/USD - Buy at 1.2830
As cable has risen again after finding renewed buying interest at 1.2805, signaling the pullback from 1.2906 has ended at 1.2757 earlier and retest of this level would be seen, break there would co...
Trade Idea: USD/CAD - Buy at 1.3600
As the greenback has surged again after finding renewed buying interest at 1.3530 yesterday, adding credence to our view that recent upmove is still in progress and bullishness remains for further ...
Technical Outlook
USD/CAD Daily Outlook
USD/CAD's rise resumed after brief consolidation and reaches 1.3669 so far. Intraday bias is back on the upside. Whole medium term rise from 1.2460 is still in progress and should target next medium t...
Options & Orders
US session: options and orders watch
EUR: The single currency met resistance at 1.0933 and has slipped in NY morning, offers are still noted at 1.0900, 1.0935 and 1.0950-55, sell orders are reported at 1.0980 and 1.1000, selling inter...
Contributors
Elliott Wave View: USDCAD Extending Higher
Oil And Gold Slip Sideways Into Friday
Aussie To Remain In Offered Mode ?
GBP/JPY Continues Sharp Breakout Surge
A Trainwreck Waiting To Happen
ECB Review: Less Downside Risk to Growth but No Changes to Inflation
Economic Data
GMT | Ccy | Events | Actual | Forecast | Previous | Revised |
---|---|---|---|---|---|---|
22:45 | NZD | Building Permits M/M Mar | -1.80% | 14.00% | 17.20% | |
22:45 | NZD | Trade Balance (NZD) Mar | 332M | 375M | -18M | -50M |
23:01 | GBP | GfK Consumer Confidence Apr | -7 | -7 | -6 | |
23:30 | JPY | Jobless Rate Mar | 2.80% | 2.90% | 2.80% | |
23:30 | JPY | Household Spending Y/Y Mar | -1.30% | -0.50% | -3.80% | |
23:30 | JPY | National CPI Core Y/Y Mar | 0.20% | 0.20% | 0.20% | |
23:30 | JPY | Tokyo CPI Core Y/Y Apr | -0.10% | -0.20% | -0.40% | |
23:50 | JPY | Retail Trade Y/Y Mar | 2.10% | 1.50% | 0.10% | 0.20% |
23:50 | JPY | Industrial Production M/M Mar P | -2.10% | -0.80% | 3.20% | |
1:30 | AUD | PPI Q/Q Q1 | 0.50% | 0.30% | 0.50% | |
5:00 | JPY | Housing Starts Y/Y Mar | -2.60% | -2.60% | ||
5:30 | EUR | French GDP Q/Q Q1 A | 0.40% | 0.40% | ||
6:00 | EUR | German Retail Sales M/M Mar | 0.00% | 1.80% | ||
6:00 | EUR | German Import Price Index M/M Mar | -0.10% | 0.70% | ||
7:00 | CHF | KOF Leading Indicator Apr | 107.5 | 107.6 | ||
8:00 | EUR | Eurozone M3 Y/Y Mar | 4.70% | 4.70% | ||
8:30 | GBP | BBA Mortgage Approvals Mar | 42.1K | 42.6K | ||
8:30 | GBP | GDP Q/Q Q1 A | 0.40% | 0.70% | ||
8:30 | GBP | Index of Services 3M/3M Feb | 0.50% | 0.60% | ||
9:00 | EUR | Eurozone CPI Estimate Y/Y Apr | 1.80% | 1.50% | ||
9:00 | EUR | Eurozone CPI - Core Y/Y Apr A | 1.00% | 0.70% | ||
12:30 | USD | Employment Cost Index Q1 | 0.60% | 0.50% | ||
12:30 | CAD | GDP M/M Feb | 0.10% | 0.60% | ||
12:30 | CAD | Industrial Product Price M/M Mar | 0.10% | |||
12:30 | CAD | Raw Materials Price Index M/M Mar | 1.20% | |||
12:30 | USD | GDP (Annualized) Q1 A | 1.10% | 2.10% | ||
12:30 | USD | GDP Price Index Q1 A | 2.00% | 2.10% | ||
13:45 | USD | Chicago PMI Apr | 56.7 | 57.7 | ||
14:00 | USD | U. of Michigan Confidence Apr F | 98 | 98 |
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