Collinson Forex Daily Market Commentary and Market Calendar

Daily Market Commentary

European market rallied strongly amidst all of the mayhem. The EU announced negotiations with the US on tariffs and suspended any retaliation for 90 days. This was enough for positive sentiment to flow back into markets and the big recovery rally continues in equities. Economic Sentiment remained bleak, in both Germany and the EU, as the ZEW report slumped into negative territory. This did the EUR no favours, with single currency slipping below 1.1300, while the GBP held above 1.3200.

 

Commodity currencies continued to overperform, with the NZD looking to regain 0.5900, while the AUD trades around 0.6350. The RBA minutes revealed a strong economic performance, but had warnings for the impact of global trade wars and indicated further rate cuts are on the way.

Dates & Headline

14/4 NZ Business PSI, NZ Credit Card Spending, China Trade Exports/Imports, Japan Industrial Production

 

15/4 NZ food Price Index, RBA Minutes, German Wholesale Price Index, France CPI, EU/German ZEW Economic Sentiment, Canada CPI, Empire State Manufacturing Index, US Trade Exports/Imports

 

16/4 China GDP, China Industrial Production/Retail Sales, UK CPI, EU Current Account, EU CPI, US Retail Sales, US Industrial Production, US Weekly Mortgage Applications

 

17/4 NZ CPI, Japan Trade Export/Imports, German PPI, ECB IRD, US Building Permits Housing Starts, US Weekly Jobless Claims, Philly Fed Manufacturing Index, NAHB House Market Index

 

18/4 GOOD FRIDAY, EASTER, Japanese CPI/PPI

Paul Bettany   I   Collinson Forex Limited    Collinson & Co.  

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