Collinson Forex Daily Market Commentary and Market Calendar

Daily Market Commentary

Markets opened the week on a cautiously optimistic note, with equities posting small gains across the board. The US Dollar remained soft, with the EUR regaining 1.1350, while the GBP pushing back towards 1.3400. There was very little to guide markets on the economic data front, but there is an avalanche of data coming, this week. This could be the first week this month not dominated by the US/China trade war, which would be a blessing, as resolution becomes closer.

 

Commodity currencies took advantage of the weaker reserve, with the AUD regaining 0,6400, while the NZD broke back above 0.5950. This week has a plethora of global data releases including GDP growth, inflation and employment data from Europe and the USA. One thing is certain, it will not be boring!

 

Dates & Headline

28/4 UK Manufacturing Production, Dallas Fed Manufacturing Index

 

29/4 German Consumer Confidence, EU Consumer Confidence, US Trade Exports/Imports, S&P Case-Shiller Home Price Index, Jolts Job Openings

 

30/4 Japan Industrial Production, NZ Business Confidence, Australia CPI, China Manufacturing/Non-Manufacturing PMI, Japan House Starts, Germany GDP, German Retail Sales, France CPI, France GDP, German Employment, EU GDP, German CPI, ADP Jobs Report, Canada GDP, US GDP, PCE Inflation Report, US Pending Homes Sales

 

1/5 May Day, NZ Consumer Confidence, Australia/Japan Manufacturing PMI, Australia Trade Exports/Imports, Bank of Japan IRD, Japan Consumer Confidence, Challenger Jobs Report, US Weekly Jobless Claims, US Manufacturing PMI, US ISM Manufacturing PMI

 

2/5 NZ Building Permits, Japan Employment, Australia PPI, Australia Retail Sales, EU CPI, US Non-Farm Payrolls, US Employment

Paul Bettany   I   Collinson Forex Limited    Collinson & Co.  

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