Collinson Forex Daily Market Commentary and Market Calendar

Daily Market Commentary

Markets in the US rallied to close out a strong week of gains on equity markets and in the US Dollar. Trade talks, between China and the US. were denied by China, but the Trump administration is talking compromise and negotiations. This has led to a surge in confidence on global stock markets, equity and bond markets. Global trade and more particularly, US/China relations, are set to continue to dominate market trade and volatility. This coming week sees an avalanche of global economic data releases, led by inflation growth and employment. Europe is expected to show signs of economic growth and an emergence from an extended and deep recession, while the US will release important growth and inflation data. The EUR will open trade for the week around 1.1350, while the GBP is expected to trade above 1.3300.

 

Improved global sentiment is set to solidify gains in commodity currencies, with the AUD looking to regain 0.6400, while the NZD outperforms trading 0.5950. Australian, European and US inflation will be revisited this week and all are expected to show signs of further falls. US/China trade negotiations are likely to continue to dominate market trading in the coming week.

 

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

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