Action Insight
Dollar Stays Mildly Pressured after GDP Miss, Eurozone Inflation Surged
Dollar is mild pressure against European majors in early US session after weaker than expected growth data. Q1 GDP in US grew 0.7% annualized, sharply lower than prior quarter's 2.1% and missed expect...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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EUR/JPY Elliott Wave Analysis
The single currency opened sharply higher this week and rallied to as high as 121.98, signaling low has been formed at 114.85 early last week and consolidation with mild upside bias is seen for fur...
Trade Idea : GBP/USD - Buy at 1.2855
As cable has surged again after brief pullback, adding credence to our bullish view that recent upmove has resumed and upside bias remains for further gain to 1.2970-75, then towards 1.2990-00 (1.2...
Technical Outlook
GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains on the upside and current rise from 1.2108 should target 161.8% projection of 1.2108 to 1.2614 from 1.2365 at 1.3184. At this point, price actions from 1.1946 are stil...
Options & Orders
European session: orders and options watch
EUR: The single currency has rebounded again today, offers at 1.0900 and 1.0925-35 were filled but sell orders are still noted at 1.0950-55, 1.0980 and 1.1000, selling interest is tipped at 1.1030 ...
Contributors
Why European Stocks Could be More Sensitive to Eurozone GDP Compared to the Euro
US GDP Growth Dipped Below 1% in Q1 But Don't Expect the Slowdown to Last
Canadian GDP Unchanged in February Following a 0.6% Jump in January
Gold Nudges Up Ahead of US Q1 GDP
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% | |
01:30 | AUD | PPI Q/Q Q1 | 0.50% | 0.30% | 0.50% | |
05:00 | JPY | Housing Starts Y/Y Mar | 0.20% | -2.60% | -2.60% | |
05:30 | EUR | French GDP Q/Q Q1 A | 0.30% | 0.40% | 0.40% | |
06:00 | EUR | German Retail Sales M/M Mar | 0.10% | 0.00% | 1.80% | 1.10% |
06:00 | EUR | German Import Price Index M/M Mar | -0.50% | -0.10% | 0.70% | |
07:00 | CHF | KOF Leading Indicator Apr | 106 | 107.5 | 107.6 | 107.2 |
08:00 | EUR | Eurozone M3 Y/Y Mar | 5.30% | 4.70% | 4.70% | |
08:30 | GBP | BBA Mortgage Approvals Mar | 41.1K | 42.1K | 42.6K | 42.2K |
08:30 | GBP | GDP Q/Q Q1 A | 0.30% | 0.40% | 0.70% | |
08:30 | GBP | Index of Services 3M/3M Feb | 0.50% | 0.50% | 0.60% | |
09:00 | EUR | Eurozone CPI Estimate Y/Y Apr | 1.90% | 1.80% | 1.50% | |
09:00 | EUR | Eurozone CPI - Core Y/Y Apr A | 1.20% | 1.00% | 0.70% | |
12:30 | CAD | GDP M/M Feb | 0.00% | 0.10% | 0.60% | |
12:30 | CAD | Industrial Product Price M/M Mar | 0.80% | 0.30% | 0.10% | 0.30% |
12:30 | CAD | Raw Materials Price Index M/M Mar | -1.60% | -0.40% | 1.20% | 1.30% |
12:30 | USD | GDP (Annualized) Q1 A | 0.70% | 1.10% | 2.10% | |
12:30 | USD | GDP Price Index Q1 A | 2.30% | 2.00% | 2.10% | |
12:30 | USD | Employment Cost Index Q1 | 0.80% | 0.60% | 0.50% | |
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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